HTC Vive screens

HTC boosts commitment to Vive content with $5 million investment in VR studio

As HTC continues to focus on the content that is available for its Vive virtual reality headset, the company has made a $5 million (€4.5 m/£3.8 m) investment in the VR developer Steel Wool Studios. It is the latest move in HTC’s significant commitment to the sector, having already joined with venture capital companies to establish a £10 billion (€9 bn/£7.6 bn) VR development fund.

Steel Wool Studios has some well-respected individuals within its fold, including those with experience at the likes of LucasFilm, Pixar and Telltale Games. And HTC made no secret that the talent at the company was a key reason behind the investment.

“The Steel Wool Studios team carries an impressive pedigree of creative talent that has already proven its ability to build cutting-edge content for the nascent VR category,” said Cher Wang, HTC CEO.

A Steel Wool Studios release, Quar: Battle for Gate 18, was a launch title for the Vive. It will be followed by Mars Odyssey, which is due for release on 9 September.

[via VentureBeat]