Virtual reality arcades were supposed to be one of the first, most convenient ways that expensive VR headgear would reach the masses — but IMAX, the highest-profile provider of VR arcades, has decided to throw in the towel. The large-format cinema company has officially announced that it will be shutting down its last three locations in Los Angeles, Bangkok and Toronto early next year, and is writing off its VR business as well.

That’s according to Variety, which spotted the news...

Continue Reading IMAX is shutting down its virtual reality arcade business for good