Skydance Media

History

Formation

Skydance Productions was formed in 2006 by David Ellison, son of Larry Ellison, co-founder and then-CEO of the Oracle Corporation. Ellison, a pilot, had an interest in aviation and took inspiration for the company name from flying aerobatics known as "skydancing". The firm's first film was Flyboys in 2006; it starred Ellison and was co-financed with Metro-Goldwyn-Mayer.

In the fall of 2009, Skydance and Paramount Pictures signed a five-year co-financing, production and distribution agreement, with Paramount holding an additional option of distribution. Before August 2010, Skydance hired Dana Goldberg, formerly of Village Roadshow Pictures, to oversee development and production as chief creative officer. In August 2010, with the Paramount partnership and an equity investment by Larry Ellison, who was then the sixth richest person in the world, Skydance raised $350 million in equity and credit to co-finance its films.

On October 25, 2011, Skydance tried to sign its own first production client with Alex Kurtzman and the late Roberto Orci of K/O Paper Products, but the deal never materialized.

Expansion

On May 1, 2013, Skydance launched Skydance Television, hiring Marcy Ross as division president. In 2014, Jesse Sisgold joined Skydance, titled President of Business Affairs & Strategic Planning; later that year he was promoted to chief operating officer (COO). In 2017, he was promoted to president, while continuing as COO. In March 2014, Don Granger joined the company as executive vice president of Feature Productions, a newly created position, reporting to Goldberg. In March 2015, Anne Globe joined the company as chief marketing officer.

Later in 2015, Skydance raised $700 million in new financing, consisting of $200 million in equity from a group of investors and a $500 million line of credit from J.P. Morgan Chase. Skydance renewed its slate deal with Paramount in the summer of 2013 for four more years.

On May 3, 2016, Skydance launched the Skydance Interactive division following the acquisition of The Workshop Entertainment and announced in January 2017 for a new story-driven virtual reality game titled Archangel. Skydance also created a production label named Uncharted in December 2016 to house content which falls outside of the action, sci-fi, or fantasy genres. It was also in 2016 that Skydance Productions re-branded to "Skydance Media".

On March 16, 2017, Skydance launched the Skydance Animation division by forming a multi-year partnership with Madrid-based Ilion Animation Studios. In August 2017, Skydance and Paramount renewed their slate deal for another four years to 2021, with the addition of Skydance's animated films for distribution.

On January 25, 2018, Tencent bought a 5% to 10% minority stake. Jun Oh was hired by Skydance Media as head of theatrical, interactive and legal affairs in October 2018. In February 2020, RedBird Capital Partners and CJ ENM invested in the company. In April 2020, Skydance Media named veteran entertainment executive Stephanie Kyoko McKinnon to the newly created post of general counsel. On October 20, 2021, Skydance announced Skydance Sports, a new division led by Jon Weinbach that would produce sports-themed content.

In January 2022, Skydance reached a non-exclusive multi-year first-look deal with Apple Original Films for a slate of live-action films. Variety reported that the agreement called for two films per-year at a budget of at least $125 million each, and Skydance receiving a payout of at least $25 million per-film. Skydance would also retain the intellectual property rights to the films produced under the agreement, and would still be allowed to work with other distributors.

On October 13, 2022, Skydance completed a $400 million strategic investment round which was led by KKR, a first-time investor, and joined by the Ellison family who are majority shareholders. By April 13, 2023, Skydance Media backed a new venture from country star Tim McGraw based in Nashville called "Down Home"; with two scripted series in development, along with plans on features and animation to follow. On July 7, Skydance brought a new $1 billion credit facility, giving the film and television studio enhanced flexibility to invest in its business lines.

Merger with Paramount Global

Main article: Merger of Skydance Media and Paramount Global

In January 2024, it was reported that David Ellison was interested in buying Paramount Global's parent company National Amusements from Shari Redstone. Skydance held exclusive talks with Paramount on a merger, but the window expired with no deal in place. An independent committee representing Paramount would go on to recommend a revised offer from Ellison that would see Skydance purchase National Amusements for $2 billion. In June 2024, CNBC reported that Skydance and Paramount agreed to terms on a merger, which was awaiting approval from National Amusements.

After it was reported on June 11 that merger talks had fallen apart, negotiations between the two were reported to have restarted on July 2, and Skydance was reported to have reached a preliminary agreement. On July 7, Ellison officially announced his intent for Skydance to take over Paramount Global in an $8 billion deal, after having received approval from a special board committee. The deal will be structured so that a group of investors from Skydance will pay $2.4 billion in cash to purchase National Amusements, and Paramount Global will pay its Class A and Class B stockholders $4.5 billion in cash and shares. Paramount would add $1.5 billion in primary capital to its balance sheet. The second phase will see an all-stock merger between Skydance Media and Paramount, valued at $4.75 billion. Paramount Global would have 45 days to look for better or matching offers from other bidders before finalizing.

On July 24, 2025, the FCC approved the acquisition of Paramount. The merger closed on August 7, 2025.

After Skydance Media merged with National Amusements and Paramount Global to form Paramount Skydance on August 7, 2025, David Ellison now serves as the founder, owner, chairman and CEO of Paramount Skydance. Despite this, the Skydance brand continues to be used across its divisions (like Skydance Animation), along with any upcoming movies produced by David Ellison.

Filmography

Feature films

Released

Upcoming

In development

Divisions

Skydance Television

Carolyn Harris (vice president)

Skydance Television was a television production company launched by Skydance on May 1, 2013. The division hired Marcy Ross as division president and a month later, Carolyn Harris joined Skydance Television as vice president. However, in January 2020, Ross left her position transitioning to a deal with the media company, where she continues to be an executive producer on Grace and Frankie, Altered Carbon, Condor and Foundation. Bill Bost was promoted from senior vice president to president of Skydance Television. In November 2022, Bost stepped down and launched his own company; Netflix's Matt Thunell took his place.

In May 2014, Jake Rose joined Skydance Television as EVP Production and in March 2018, Carol Turner joined Skydance replacing Rose and overseeing production on site at the studio. By July 2014 its first show, Manhattan, was launched on WGN America; it received critical acclaim throughout its run, but failed to secure adequate ratings, resulting in the series being canceled for 2 seasons in 2015.

Later in April 2017, director Sam Raimi signed his first look deal at Skydance Television with his television producing partner Debbie Liebling. By September 2017, a multi-year overall agreement was signed by producers Patrick Massett and John Zinman after they joined a series which was based on Sword Art Online. After the 2017 announcement of developing a series adaptation of Isaac Asimov's science fiction book series Foundation with David S. Goyer and Josh Friedman serving as the production's writers. In 2018, Apple TV+ bought the streaming rights to the series renewing it for a second season upon its release in 2021. In June 2018, Dietland aired on AMC along with a companion talk show hosted by Aisha Tyler from Archer, under its label company Uncharted.

In September 2019, writer David S. Goyer also signed a deal with Skydance Television for an exclusive multi-year overall agreement as well under his Phantom Four company. In April 2019, Daredevil writer Lewaa Nasserdeen joined Skydance Television in an overall deal as well while developing a semi-autobiographical comedy-drama series on Showtime. In May 2019, Alison Schapker, showrunner of Altered Carbon, made an overall deal with Skydance Television to develop series at the studio, including a US remake of a South Korea series called Hotel del Luna. By August 2019, writer Olivia Purnell had signed an overall deal with Skydance Television writing projects for the studio. In May 2020, Nick Santora also got an overall deal with Skydance Television with a series starting Arnold Schwarzenegger called FUBAR, which was released on Netflix in 2023. In May 2020, Skydance Television named Drew Brown as head of production.

In December 2020, Skydance Television signed a first look deal with Exile Content Studio to develop and produce scripted series. By February 2021, the studio also signed a first look deal with Impact, a global talent network and development accelerator program owned by Ron Howard and Brian Grazer for television productions. In November 2021, Peter Johnson joins Skydance Television as a television executive reporting for Bill Bost. By December 2022, it was announced that Octavia Spencer's production company, Orit Entertainment, has entered a multiyear first-look deal for scripted projects for Skydance Television. On March 21, 2023, James Patterson has signed an exclusive first-look pact with Skydance Television to adapt his works such as the Prime Video series Cross along with other projects in development like Women's Murder Club and the upcoming book Jane Smith. In May 2024, Skydance Television doubles on their series output and signed a first-look TV deal with Gina Prince-Bythewood and Reggie Rock Bythewood from their company Undisputed Cinema.

On August 7, 2025, following Skydance Television parent Skydance Media merged with Paramount Global into forming Paramount Skydance, Skydance Television merged with fellow Paramount Skydance's film & television production unit Showtime/MTV Entertainment Studios into the relaunched television production studio Paramount Television Studios with Skydance Television's state of production being transferred into the revived television studio as Skydance Television president Matt Thunell had joined Paramount Television Studios serving as president of the studio.. The new company continued to use the Skydance Television label for the time being.

Television series

Released

Upcoming

Scrapped projects

Skydance Games

Skydance Interactive Dan Prigg (Paramount Skydance)

Skydance Games (formerly known as The Workshop Entertainment and Skydance Interactive) is a game division which was launched on May 5, 2016. It focuses on developing ambitious titles, managing projects licenses with other developers, and developing software innovative game mechanics as well as for VR and emerging platforms.

In May 2017, Chris Hewish was hired as EVP Interactive help to set and execute overall strategy for Skydance Games, and oversee development, partnerships, and new business opportunities. On July 18, 2017, its first VR game, Archangel was launched. The game recently expanded into an online multiplayer upgrade, Archangel: Hellfire. Two days later, Skydance Interactive revealed their second original game called PWND, an multiplayer free to play game released on April 6, 2018, where players use Pwns to win.

In 2018, Skydance Games partnered with Skybound Entertainment to develop a number of original virtual reality video games based on the expansive world of The Walking Dead universe. The Walking Dead: Saints & Sinners and The Walking Dead: Saints & Sinners - Chapter 2: Retribution were to be the inaugural titles co-developed by the two companies. In 2023, they also published a Final Cut version of Arashi: Castle of Sin developed by Endeavor One and was released on December 5, 2023 on next-generation virtual reality consoles.

Games

Released

Upcoming

Skydance Animation

Main article: Skydance Animation

Skydance Animation is the animation division of Paramount Pictures, separate from Paramount Animation; it focuses on animated feature films and television series. It was founded on March 16, 2017. Its first film was Luck and its first short film was Blush.

Skydance New Media

Skydance New Media is a video game development studio founded by Skydance on November 18, 2019, led by Amy Hennig.

In October 2021, the studio announced a planned collaboration with Marvel Entertainment for an action-adventure game. In April 2022, it was announced that Lucasfilm Games would collaborate making a game based in the Star Wars universe. There has been speculation that the game will be a revival of Project Ragtag which was also led by Henning.

In August 2022, Marvel's parent corporation The Walt Disney Company announced their intentions to showcase a slate of video games based on their IP at the joint Disney & Marvel Games Showcase. It would happen in conjunction with the company's annual D23 Expo in person and through broadcasts on multiple streaming platforms. Along with the announcement, Disney said that the panel would also debut a "sneak peek" at Skydance New Media's Marvel title, which is described as being an "ensemble game". During the showcase on September 9, 2022, the Marvel project confirmed prior reports that it would be set during World War II. Also Captain America and Azzuri / Black Panther will be featured as the main characters in the ensemble, alongside Gabriel Jones of the Howling Commandos unit and Nanali, leader of the Wakandan Spy Network, while the Hydra organization would serve as the main villains. In March 2024, during the showcase of State of Unreal, the project was revealed to be titled Marvel 1943: Rise of Hydra with the game being powered by Unreal Engine 5. Release is slated for 2026.

Games

Skydance Sports

Main article: Skydance Sports

Skydance Sports is the division launched by Skydance on October 20, 2021, which is dedicated to sports films, series, and documentaries. It is led by Jon Weinbach.

Notes

References

References

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42. Kroll, Justin. (9 March 2023). "'Ghosted' Director Dexter Fletcher & Skydance Reunite On 'Fountain Of Youth'; James Vanderbilt Penning Script".
43. (11 January 2024). "John Krasinski & Natalie Portman to Star in Guy Ritchie's 'Fountain of Youth' for Apple and Skydance".
44. (June 10, 2022). "'The Old Guard 2': Uma Thurman, Henry Golding Join Victoria Mahoney's Sequel For Netflix And Skydance".
45. Grobar, Matt. (October 30, 2024). "Mark Wahlberg & Michelle Monaghan Returning For Apple/Skydance Sequel To 'The Family Plan'".
46. Kit, Borys. (2024-03-14). "'It' Duo Andy and Barbara Muschietti, Skydance Launch Horror Label Nocturna (Exclusive)".
47. D'Alessandro, Anthony. (2025-10-10). "New Line’s Zazie Beetz Horror Movie ‘They Will Kill You’ Gets Spring 2026 Release Date".
48. Kroll, Justin. (9 February 2023). "Peter Farrelly, Paul Wernick And Rhett Reese Team On Comedy 'Balls Up' For Skydance".
49. (June 20, 2024). "Mark Walhberg & Paul Walter Hauser To Star In Amazon MGM Action Comedy 'Balls Up' From Peter Farrelly".
50. Anthony D'Alessandro. (2022-07-19). "Matchbox Cars Movie In The Works From Skydance & Mattel". [[Deadline Hollywood]].
51. Kroll, Justin. (September 17, 2024). "John Cena To Star In ''Matchbox'' Movie From Sam Hargrave, Skydance, Mattel Films And Apple".
52. Kroll, Justin. (June 8, 2023). "Ryan Reynolds & Kenneth Branagh To Star In 'Mayday'; Jonathan Goldstein, John Francis Daley Directing Action-Adventure Pic For Apple And Skydance".
53. (August 10, 2024). "''Incredibles 3'' in the Works at Pixar".
54. Fleming, Mike Jr.. (October 18, 2023). "Netflix Sets Skydance Animation In Multi-Year Deal, First Up Is Alan Menken Musical 'Spellbound;' Rachel Zegler, Nicole Kidman, Javier Bardem Star".
55. Kroll, Justin. (October 30, 2024). "John Krasinski To Star In 'Jack Ryan' Movie At Amazon MGM Studios As Franchise Enters New Phase Of Series Extension; Wendell Pierce Returning & Michael Kelly In Talks".
56. (June 6, 2024). "Skydance Ties Up Global Deal For Chris Pratt & McG Movie ''The Way Of The Warrior Kid'' Marking Biggest Film Market Pact In Years".
57. Kroll, Justin. (October 3, 2023). "'Mr. Irrelevant', Label Famously Given To Last Player In NFL Draft, Getting Movie Treatment From Skydance; Jonathan Levine Directing And Nick Santora Writing".
58. D'Alessandro, Anthony. (July 8, 2021). "'The Tomorrow War 2': Amazon & Skydance Already In Talks For Sequel Reteaming With Chris Pratt, Director Chris McKay & More".
59. Vary, Adam B.. (2021-07-08). "'Tomorrow War' Sequel Talks Underway With Chris Pratt, Director Chris McKay Returning".
60. Romano, Nick. (May 13, 2021). "G.I. Joe: Retaliation producer says sequel ideas are still in development".
61. Kroll, Justin. (September 20, 2018). "Michael B. Jordan to Play Tom Clancy Character John Clark".
62. Cureton, Sean K.. (July 18, 2016). "Star Trek 4 is Officially a Go; Synopsis & Writers Revealed".
63. Kroll, Justin. (March 4, 2020). "Scott Derrickson to Direct Skydance's 'Bermuda' With Chris Evans Circling Lead (EXCLUSIVE)".
64. Kroll, Justin. (June 24, 2020). "'Divergent' Filmmaker to Direct 'Summer Frost' for Skydance and Temple Hill (EXCLUSIVE)".
65. Kit, Borys. (August 16, 2024). "Skydance, 'Jurassic World' Scribe Derek Connolly Tackling Sega's 'Eternal Champions' (Exclusive)".
66. (February 2, 2021). "'Buck Rogers': Skydance Developing Competing Movie Based on Pulp Hero". [[The Hollywood Reporter]].
67. Kit, Borys. (February 6, 2023). "Colin Trevorrow, 'House of the Dragon' Writer Charmaine DeGraté Team for 'Atlantis' at Skydance (Exclusive)". [[The Hollywood Reporter]].
68. (2023-05-30). "Rebecca Ferguson In Talks For Skydance Revenge Pic 'Best Served Cold'; 'Deadpool's Tim Miller Directing".
69. Fleming Jr, Mike. (May 12, 2025). "Skydance Pays $2 Million+ For Sci-Fi Short Story 'Drift:' Andy Muschietti To Direct Space Mission Hostage Movie After Wild Auction".
70. Kroll, Justin. (August 2, 2023). "Skydance Lands Rights To Mickey Spillane's Mike Hammer Book Series With Plans To Develop A Feature Film Around The Iconic Private Eye".
71. Fleming, Mike Jr.. (January 5, 2024). "Skydance, Ted Melfi Team For Screen Adaptation Of John Flanagan's 'Ranger's Apprentice' YA Novels".
72. Grobar, Matt. (February 28, 2024). "Mila Kunis To Produce, Star In Skydance Romance 'The 47 Night Stand'".
73. Grobar, Matt. (January 21, 2025). "Lee Isaac Chung To Direct Sci-Fi Family Drama 'The Traveler' For Skydance".
74. Kroll, Justin. (January 28, 2025). "'1923' Star Brandon Sklenar Saddles Up For Modern Day Western 'The Rescue' From Skydance And Potsy Ponciroli".
75. Marechal, A. J.. (2013-06-24). "Skydance TV Taps Carolyn Harris as V.P., Promotes Pair".
76. (7 January 2020). "Marcy Ross Exits as Skydance TV President, Transitions to Overall Producing Deal".
77. (30 January 2020). "Bill Bost Named President of Skydance Television".
78. (8 November 2022). "Netflix's Matt Thunell Replaces Bill Bost as Skydance TV President".
79. (20 May 2014). "Skydance Television Taps Jake Rose as EVP Production". Deadline.
80. (6 March 2018). "Carol Turner Joins Skydance TV as EVP Television Physical Production".
81. (October 14, 2014). "WGN America Renews 'Manhattan' for Season 2". Variety.
82. Gettell, Oliver. (February 3, 2016). "''Manhattan'' canceled after two seasons".
83. (5 April 2017). "Sam Raimi Inks First-Look Deal with Skydance Television".
84. (28 September 2017). "Skydance TV Pacts with 'Sword Art Online' Producers Patrick Massett & John Zinman".
85. Fleming, Mike Jr.. (June 27, 2017). "Skydance Trying Asimov's 'Foundation' As TV Series; David Goyer, Josh Friedman To Adapt".
86. (April 10, 2018). "Apple Lands Isaac Asimov 'Foundation' TV Series From David Goyer & Josh Friedman".
87. Hatchett, Keisha. (October 7, 2021). "Foundation Renewed for Season 2".
88. (7 May 2018). "AMC Sets 'Dietland' Companion Talk Show Hosted by Aisha Tyler".
89. (13 September 2019). "'Dark Knight' Writer David S. Goyer Inks Overall Deal with Skydance TV". Variety.
90. (3 April 2019). "'Daredevil' Writer-Producer Lewaa Nasserdeen Inks Overall Deal with Skydance TV".
91. (23 May 2019). "Alison Schapker Inks Overall Deal with Skydance TV, Named Sole Showrunner of 'Altered Carbon'".
92. (23 June 2020). "Skydance Television Developing Ghost Hotel Drama Series with 'Parasite' Studio CJ ENM".
93. (9 August 2019). "Skydance Television Strikes Overall Deal with Writer Olivia Purnell".
94. (4 May 2020). "Nick Santora Inks Overall Deal with Skydance TV".
95. (6 May 2020). "Skydance TV Names Drew Brown EVP Physical Production, Sets More Executive Appointments & Promotions".
96. Low, Elaine. (2020-12-10). "Skydance TV Inks First-Look Deal With Exile Content Studio (EXCLUSIVE)".
97. White, Peter. (2021-02-04). "Skydance Television Strikes First-Look Deal With Brian Grazer & Ron Howard's Impact To Find Emerging Voices".
98. (13 November 2021). "Peter Johnson Joins Skydance Television". Deadline.
99. (19 December 2022). "Octavia Spencer's Orit Entertainment Enters First-Look Deal with Skydance Television (Exclusive)".
100. (21 March 2023). "James Patterson Sets First-Look Deal at Skydance TV".
101. Maas, Jennifer. (2024-05-21). "Skydance TV Expands: Doubles Series Output Amid Industry Pullback, Sets First-Look Pact With Undisputed Cinema".
102. Andreeva, Nellie. (August 4, 2025). "Revived Paramount TV Studios To Be Led By Matt Thunell; Will Absorb Taylor Sheridan Home MTVE, Showtime & Skydance TV; Keith Cox Staying On". [[Penske Media Corporation]].
103. Evans, Greg. (August 13, 2025). "‘aka Charlie Sheen’ Two-Part Tell-All Doc Gets Netflix Premiere Date, First-Look Trailer".
104. (April 23, 2025). "Jack Kesy Joins Anthony Mackie & Jamie Dornan In Apple Heist Series '12 12 12′".
105. Cordero, Rosy. (February 28, 2024). "Apple Greenlights New Sci-Fi Drama Series ''Neuromancer'' Based On William Gibson Novel".
106. Andreeva, Nellie. (September 4, 2024). "'Reacher' Spinoff 'Neagley' Starring Maria Sten Nears Amazon Greenlight".
107. Cordero, Rosy. (December 19, 2023). "Octavia Spencer & Hannah Waddingham To Star In New Prime Video Series From Tessa Coates".
108. Schneider, Michael. (14 March 2023). "Matthew McConaughey and Woody Harrelson to Reunite After 'True Detective' in Apple TV+ Comedy".
109. Goldberg, Lesley. (August 2, 2016). "Japanese Novel and Anime Franchise Sword Art Online Being Adapted as Live-Action TV Series".
110. (February 13, 2018). "Live-Action Sword Art Online Producer: Series Sold to Netflix, Will Have Asian Lead Actors". Anime News Network.
111. (8 December 2020). "Skydance Television Developing P. Djéli Clark's 'Ring Shout' with Kasi Lemmons as Showrunner, Kiki Layne to Star".
112. (18 January 2022). "'Ring Shout' KiKi Layne Monster Slaying Netflix Series: What We Know So Far".
113. (29 October 2020). "Lewaa Nasserdeen Semi-Autobiographical Comedy Drama from Skydance TV in Works at Showtime".
114. (11 May 2022). "Jennifer Lopez to EP Limited Series Based on Rodgers & Hammerstein's 'Cinderella' with Skydance and Concord".
115. D'Alessandro, Anthony. (July 21, 2025). "''Cinderella'' Fairy Godparents Musical Series From Skydance TV In Works At Disney+; Jennifer Lopez Producing, Rachel Shukert EP & Showrunner".
116. Petski, Denise. (April 8, 2016). "'Faster Than Light' Augmented Reality Comic Series Being Developed For TV By Skydance".
117. Lee, Gyu-lee. (June 24, 2020). "TV series 'Hotel del Luna' to be remade in US".
118. Lim, Jang-won. (June 24, 2020). "Remake of 'Hotel del Luna' coming to the US".
119. (25 June 2020). "K-drama Hotel del Luna to get US remake". The Straits Times.
120. (2020-01-26). "『シュタゲ』ハリウッド実写化や『シュタインズ・ゲート ゼロ エリート』制作決定！ "科学ADVライブS;G1010th Anniversary"発表まとめ".
121. Loo, Egan. (January 26, 2020). "Steins;Gate Game Gets Hollywood Live-Action Show".
122. (16 April 2019). "'Oklahoma!' Being Adapted for TV; John Lee Hancock & Bekah Brunstetter to Write After Skydance Partners with Rodgers & Hammerstein".
123. (2 March 2022). "Skydance Sports Teams with Religion of Sports on Content Development, Scripted Series 'The Owl' First Project".
124. (3 November 2022). "America's Cup, Skydance Sports and 'Free Solo' Team Board All-Access Documentary Series on World's Greatest Sailing Competition".
125. Andreeva, Nellie. (March 30, 2017). "Kevin Kay Details Plans For the Paramount Network, Talks Future Of 'Nashville'".
126. (2018-09-05). "Skydance Developing Live-Action Adaptations Of 'Miraculous – Tales Of Ladybug & Cat Noir' For TV & Film". Deadline.
127. (25 February 2021). "G.I. Joe Live-Action TV Series Centered on Lady Jaye in the Works at Amazon from Erik Oleson, Paramount TV Studios, eOne & Skydance TV".
128. (3 May 2016). "Skydance Media Buys Game Developer the Workshop and Launches Interactive Division".
129. (15 February 2022). "Skydance Taps Former Discovery Exec Dan Prigg as Head of Interactive Division".
130. "Company profile. Skydance Media".
131. (5 January 2017). "CES: Skydance Interactive Announces Its First Virtual Reality Title".
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