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Apple acquires NextVR, former virtual reality streaming video service

May 14, 2020 / JEREMY HORWITZ
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NextVR’s eponymous VR video service never fully took off with users, despite offering 360-degree video access to select concerts and sporting events, including NBA games, WWE wrestling matches, and NHL highlights. But Apple apparently saw value in the company, and following weeks of speculation confirmed today (via Bloomberg) that it has acquired NextVR for purposes unknown. Based in Newport Beach, California, NextVR was an hour south of Los Angeles, where many of Apple’s TV+ operations are located. While Apple isn’t confirming the specific reasons for the deal, it’s quite likely that the NextVR team will become involved with future TV+ initiatives, enabling Apple to expand the breadth and/or literal depth of its video offerings. Apple TV+ currently offers only 2D videos, and no sporting or other live programming, though the company has been working on a mixed reality headset with an AR focus.