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Comcast, Time Warner invest in virtual reality

Comcast Corp. and Time Warner Inc. TWX, -0.89% are investing in virtual reality, the latest traditional media players to bet on the emerging technology amid big disruptions in pay television.

The companies’ venture arms joined a $30.5 million funding round for NextVR Inc., which broadcasts events live in virtual reality. Last month, NextVR offered virtual-reality broadcasts of a Democratic presidential debate and the National Basketball Association’s season-opening...


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