HTC invests $5 million in VR studio from Pixar and Lucasfilm veterans

HTC sees a VR developer that it likes.
Steel Wool Studios, a virtual reality studio made up of veterans from Pixar, LucasFilm, and Telltale Games, announced today that it has received $5 million in Series A funding from HTC. Steel Wool will use the funds to support its game, simulation, and narrative VR experiences. HTC is the company behind the Vive, one of most prominent VR headsets. Market watchers are predicting that VR could generate $40 billion in revenues by 2020, but the sector