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Warner Bros, Fox, Nickelodeon invest in VR company

Dreamscape Immersive is aiming to launch VR experiences in the UK

VR company Dreamscape Immersive has secured investment from 21st Century Fox, Warner Bros and Nickelodeon in its Series B financing round.

Nickelodeon is a new investor while Fox and Warner Bros had already taken part in the initial financing. Steven Spielberg had also previously backed the company.

As part of its deal with Nickelodeon, the two companies have committed to producing an experience using the brand’s IP for kids and families. 

Dreamscape Immersive’s flagship location is due to open in Los Angeles, California, in 2018. 

The company has formed a strategic partnership with AMC Entertainment, with a commitment from AMC to open and operate up to six Dreamscape Immersive VR centres within AMC cinemas and at standalone locations in North America and the UK.

The company is spearheaded by co-chairmen Walter Parkes and Kevin Wall, CEO Bruce Vaughn and COO Aaron Grosky.

“We started Dreamscape Immersive with the fundamental belief that strategic partners will be key to our success,” said Grosky. “This group of existing and new investors, each of whom are leaders in their own respective categories, not only share in our vision but will help Dreamscape Immersive execute and grow. We couldn’t be more excited for what we’re going to be able to accomplish together.”