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21st Century Fox eyes VR future with ODG acquisition

21st Century Fox eyes VR future with ODG acquisition

21st Century Fox eyes VR future with ODG acquisition

21st Century Fox has reached a preliminary agreement to acquire a minority stake in Osterhout Design Group (ODG), a virtual reality and smartglasses designer and manufacturer.

ODG’s current smartglasses, the R-7, feature ultra-transparent 3D stereoscopic displays and offer innovative technologies in a small, light and sleek design. The two companies plan to enter into a strategic partnership that brings together ODG’s revolutionary technologies with 21st Century Fox’s industry leading content and storytelling.

“The power of virtual and augmented reality enables us to deliver on our longstanding commitment to bring audiences exciting new creative experiences fueled by next generation technologies,” explains Jim Gianopulos, Chairman and CEO of 20th Century Fox Film, a unit of parent company 21st Century Fox.

 

 

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