philip lelyveld The world of entertainment technology

18Mar/20Off

LBE in a time of Corona

Disney-backed VR startup The Void announced Monday that they would be temporarily closing all of their locations in North America. LA’s Two Bit Circus closed their doors temporarily yesterday because of Covid-19. Dreamscape Immersive announced yesterday that it has temporarily closed all of its VR entertainment centers across Los Angeles, Dallas, Columbus and Dubai.

Not all location-based VR startups have fully scaled back operations stateside. A16z-backed Sandbox VR has temporarily closed locations in Los Angeles and San Francisco (where city officials have mandated closures for most entertainment venues), though the rest of their U.S. locations appear to remain open for reservations on their website. We’ve reached out for more details.

Sandbox VR has raised more than $82 million from investors, Dreamscape Immersive has raised over $36 million, while The Void has raised $20 million.

See the full story here: https://techcrunch.com/2020/03/17/virtual-reality-scales-back-its-real-world-presence/

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