21st Centruy Fox Invests in Osterhout Design Group

by Sean 1,079 views1

According to an article on Hollywood Insider, 21st Century Fox has just invested a minority stake in Osterhout Design Group, a designer and manufacturer of the AR & VR glasses and smartglasses.

ODG is the maker of the enterprise focussed, R7 Smart Glasses which run on an Android based Snapdragon™ 805 processor and uses their custom ReticleOS™ operating system. The glasses are completely hands free, requires no external computing and works via voice control.

In a statement from Jim Gianopulos, chairman and CEO of 20th Century Fox Film: “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. Our agreement with ODG underscores the innovation we are bringing to market through our Fox Innovation Lab, most recently with VR experiences for The Martian and Wild.”

According to Ralph Osterhout, CEO of ODG: “This space is ultimately heading towards widespread consumer adoption and by having 21st Century Fox onboard, we’ll be able to deliver immersive and interactive entertainment experiences that transform how users consume content.”

The R7 Smart Glasses are priced at $2,700 and are available for preorder, shipping in Q2 2016.

Sean

Sean Earley is the Executive Editor of AR/VR Magazine, Virtual Reality Consultant at INSCALE, an author, blogger, musician, artist and virtual reality freak. He Loves coffee, guitars and making cool stuff.

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