Time Warner Investments


NextVR raises $80m funding round

Virtual reality broadcast specialist NextVR has raised US$80 million in Series B funding, which it said will help to expand its global footprint. With the new financing, NextVR said that it will accelerate development of its virtual reality platform and international operations. The company, which specialises in streaming live VR content, said that it plans to […]

Report: NextVR raises $20m from Chinese firm

NextVR, a company that specialises in virtual reality live-event streams, has reportedly raised US$20 million from Chinese investment group CITIC Guoan. According to a Variety report, CITIC bought Class B shares representing 2.3% of NextVR’s total equity, with the deal part of a planned US$80 million round that will value the firm at US$800 million. […]

Disney buys Maker for initial $500m

The Walt Disney Company has made the largest investment a traditional media giant has yet gambled on a digital multichannel network (MCN) by acquiring Maker Studios. The Mouse House has agreed to pay an initial US$500 million to acquire the US-based YouTube channels operator, whose shareholders will also receive an additional performance-related US$450 million if […]