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Imax secures $50 million to create 25 VR projects

  Bloomberg Imax on Thursday said it has raised $50 million for a virtual reality fund, working with strategic investors to create at least 25 interactive VR content “experiences” over the next three years for the local mall and multiplex. The giant screen exhibitor is already working with tech developer Starbreeze on its VR content, using the Swedish company’s headsets ...

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Nintendo and Sony face off with old vs new console launches

  AFP Nintendo on Thursday launched a palm-sized version of its eighties era games console, setting up an old versus new showdown with rival Sony as it released a new PlayStation 4. The dual launches marked a new chapter in the battle for supremacy between Japan’s top videogame companies as they try to deal with a sharp rise in mobile ...

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Yahoo reveals more details about massive hack

  AFP Yahoo has provided more details about an epic hack of its services, including that the culprits may have planted software “cookies” for ongoing access to users’ accounts. In revelations that could jeopardize the company’s pending $4.8 billion acquisition by US telecom giant Verizon, the internet pioneer said it was trying to pin down when it first knew its ...

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