Dreamscape, Spielberg’s Favorite VR Company, Gets $30 Million From AMC, Nickelodeon

Location-based virtual reality company Dreamscape Immersive closed a $30 million round of funding on Wednesday, spearheaded by AMC Entertainment, Nickelodeon and Dubai billionaire Majid Al Futtaim.

The Los Angeles-based company, which uses body-mapping technology to allow up to six people to interact as full-body virtual avatars in a computer-generated world, also received investment from VRSense Solutions Limited, and Image Nation Abu Dhabi. As part of its Series B, AMC put $20 million into the company, which TheWrap reported in September.

Dreamscape already had the backing of some major Hollywood players, including 21st Century Fox, Warner Bros. and Steven Spielberg.