VR makes it big after bagging seven figure deal at Sundance film festival

VR makes it big after bagging seven figure deal at Sundance film festival

The Sundance Film Festival is an initiative by the Sundance Institute and is held annually at Park City, Utah. With nearly 47,000 attendees in 2016, the festival is the biggest independent film festival in the United States. Well, almost every year the festival hands out hefty sums of money to independent filmmakers for their dream project and the sum is mostly reserved for traditional filmmaking. Breaking the traditions, A Virtual Reality film company CityLights announced today that it is acquiring Spheres in a massive seven-figure deal. The movie is a three-part series that will let viewers explore the depths of space in VR.