Meta Platforms (META) is in search of exclusive Hollywood content for a premium virtual-reality headset it plans to release next year and has spoken to brands including Disney (DIS) and A24, as well as smaller production companies, Ben Fritz and Jessica Toonkel of Wall Street Journal report, citing people familiar with the matter. Meta hopes the content will attract people to the VR device it plans to launch next year that would compete with Apple’s (AAPL) Vision Pro, the Journal reports. The new device is more powerful than the Meta Quest VR headsets now available, with higher-fidelity video, the paper adds.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories
- OpenAI COO reports 3M paying business users in CNBC interview
- Amazon (AMZN) to Spend $10 Billion on AI Data Centers in North Carolina
- JPMorgan Raises Price Target on Meta Platforms’ Stock (META), Citing ‘Growth Potential’
- Apple Stock Gets a Cold Dose of Skepticism as Needham Slashes 2025 Forecast