AOL’s the Huffington Post has acquired virtual reality studio RYOT that will see it experiment with virtual reality and 360° video to build out its video offering and find new ways to engage with its growing global audience.
The publisher announced the sale earlier this week in a blog post by co-founder and editor-in-chief Arianna Huffington.
Sources confirmed to TechCrunch the sale was priced between $10m to $15m and that the company had secured “a little more than $3m” in Series A funding prior to the purchase.
The studio will produce films to be shown across all of Huffington Post’s 15 international Read full story ›
Source: The Drum
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