VR Series ‘Spheres’ Sells for Seven Figures at Sundance Fest
A still image from SPHERES: Songs of Spacetime by Eliza McNitt, an official selection of the New Frontier VR Experiences program at the 2018 Sundance Film Festival. All photos are copyrighted and may be used by press only for the purpose of news or editorial coverage of Sundance Institute programs. Photos must be accompanied by a credit to the photographer and/or 'Courtesy of Sundance Institute.' Unauthorized use, alteration, reproduction or sale of logos and/or photos is strictly prohibited.
At this year’s Sundance Film Festival’s New Frontier, VR financing/distribution company CityLights purchased “Spheres: Songs of Spacetime,” a three-part virtual reality series that explores the depth of space. The exact purchase price was not revealed, but it is reportedly in the seven figures, and is being hailed as the first VR film to be acquired for such an amount. The series, presented by Oculus Studios and Protozoa Pictures, and directed by Eliza McNitt, is slated for release on the Oculus Rift sometime this year.
“This is a historic moment for the VR industry; it signifies that a viable storytelling medium has emerged,” said Jess Engel, who produced the series with Arnaud Colinart and Dylan Golden. “Deals like this establish VR as its own marketplace for independent creators, producers, and investors.”
The project “was executive produced by Protozoa Pictures’ Darren Aronofsky and Ari Handel, and supported by Oculus and Intel,” notes Wired.
See the full story here: http://www.etcentric.org/vr-series-spheres-sells-for-seven-figures-at-sundance-fest/