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Verizon takes Jaunt into IoT territory on mixed reality gamble

It was telling that our sister publication Faultline’s IBC 2019 issue a fortnight ago was entirely void of anything virtual reality (VR) related – as we witness the technology shift from prodigy to prodigal at a frightening pace. Of course, lucrative video ventures will emerge from the ashes in time, empowered by network infrastructure developments, and the latest to acquire a fallen solider is Verizon – buying up the assets of Jaunt XR a year after the VR start-up threw in the towel. What could Verizon, not a company known for its successful media ventures nor for its miraculous turning around of struggling start-ups, have planned for Jaunt XR’s assets? Verizon will be acquiring “all” of Jaunt, which as far…

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