HTC invests $5m in Pixar, Lucasfilm and Telltale vets’ VR studio

Vive maker HTC has invested in a start-up virtual reality developer formed by ex-members of major film and games firms.

Steel Wool Studios was founded by veterans from Pixar, Lucasfilm and Telltale Games and launched its first VR titles, Quar: Battle for Gate 18, alongside the Vive back in April.

The $5 million in funding from HTC will go towards bankrolling further VR efforts, including the upcoming simulation Mars Odyssey, which is set for a September release.

Head over to Develop for more on this story.

About MCV Staff

Check Also

mist [Industry news] Mistplay Acquires MAF’s MyChips to Strengthen Its Global Rewarded Advertising Platform

[Industry news] Mistplay Acquires MAF’s MyChips to Strengthen Its Global Rewarded Advertising Platform

Mistplay, a leading play-and-earn rewards and loyalty platform for mobile gamers, today announced the acquisition of MyChips SRL, a subsidiary of MAF, a global rewarded advertising platform. With this acquisition, Mistplay accelerates the expansion of its network, strengthening its positioning as a leader in rewarded advertising.