Song City Performing Arts Leads $6.5 Million in Financing for Spaces!

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Song City Performing Arts Leads $6.5 Million in Financing for Spaces! From Baidu VR

[Baidu VR original manuscript, reproduced please indicate the source]

(Beijing time January 14, 2017) Spaces is a company focused on virtual reality (VR) and augmented reality (AR), located in Los Angeles, USA. The company received a $3 million seed round of financing in 2016. Seed round investors include GREE Inc., Boost VC, Kai Huang, Colopl VR Fund, the Venture Reality Fund, Youku Global Media Fund and CRCM VC.

Recently, the Baidu VR community (micro-signal: BDVRbbs) received a news, Spaces received another 6.5 million US dollars in investment, led by Songcheng Performing Arts, Comcast Venture Capital, etc., has completed the financing of 9.5 million US dollars so far . At the same time, Songcheng Performing Arts will also carry out business cooperation with Spaces, VR, AR, MR, and 360-degree experience projects for the company's theme companies and online entertainment business. The investment and business cooperation for Spaces is Songcheng. The important layout of the performing arts strategy will lay the foundation for the development of theme companies inside and outside the Sea.

Spaces' two leaders were once the leaders of the DreamWorks VR project. The team has extensive experience in the integration of theme companies, animation, visual effects, movies, and TV dramas into VR. The company also worked with Microsoft and NBC. Companies and other companies that do business cooperation have also stocked many excellent IPs.

On the other hand, Songcheng Performing Arts is the largest theater and performing arts company in the world, and it owns 30 theaters of all types. Currently, it is broadcasted in ten major tourist scenic spots in Hangzhou, Jiuzhai, Longquanshan, and Lijiang. Thirty major theme parks, hundreds of eternal love events and performance shows and other projects. This time, Song City's performing arts leadership led to the further promotion of VR projects in the theme parks and digital channels under Songcheng City, and promoted technology entertainment strategies. Initiated the establishment of an innovative entertainment investment fund to lay out the fields of performing arts, entertainment and science and technology and improve the company's ecological layout.

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