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Microsoft Exec Peggy Johnson to Take Over as CEO of Magic Leap

Road to VR

Peggy Johnson, Microsoft’s Executive VP of Business Development, is slated to take the reins as the new CEO of Magic Leap, effective August 1st. Magic Leap recently pivoted to the enterprise space after seeing lackluster success with its $2,300 AR headset, Magic Leap 1 (previously known as Magic Leap One Developer Edition).

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The XR Week Peek (2020.06.13): Magic Leap exploring a sale, events are going virtual and more!

The Ghost Howls

Image by Magic Leap). Magic Leap is on sale. A report on Bloomberg informed us all that Magic Leap is exploring a sale of the company. The sales never skyrocketed and now Magic Leap is in desperate need of cash , after many layoffs, disappointing sales, and having put its IP as collaterals to a bank.

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Magic Leap Raises Another $502 Million, Now Totalling Nearly $2 Billion in Funding

Road to VR

Rumors from back in September of Magic Leap raising a Series D investment were confirmed today as the company revealed an additional $502 million in venture funding, led by a Singaporean investment firm Temasek, with participation from strategic and financial investors. Morgan Investment Management, and T. Rowe Price, Inc.

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First-person ‘Angry Birds’ AR Game is Coming to Magic Leap This Fall

Road to VR

Angry Birds, the mobile breakout hit, is coming to Magic Leap in a brand new game called Angry Birds FPS: First Person Slingshot. Due to launch this Fall, the game is quite literally a first-person take on the physics-based slingshot smasher game. Image courtesy Rovio, Resolution Games.

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Big XR News from Meta, HTC VIVE, Magic Leap

XR Today - Virtual Reality

These glasses have outperformed the sales of Ray-Ban’s first-generation smart glasses, ‘Ray-Ban Stories’ This potential deal could grant Meta more control over EssilorLuxottica’s smart glasses division and strengthen its position in the competitive market against tech giants like Apple, Google, and Microsoft.

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GDC 2018 ‘Day 1’ Roundup – Vive Pro Pricing, Magic Leap SDK, Nvidia RTX, and More

Road to VR

Vive Pro date and price, Magic Leap announcements, Nvidia’s real-time ray-tracing, and Budget Cuts resurfaces. The company is still heavily involved with VR development however, and are expected to present some new technology with Google at Display Week 2018 in May. Magic Leap announcements.

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Magic Leap And Shaq Announce NBA AR App Partnership

VRScout

The Florida-based Magic Leap has raised $1.9 billion from heavy hitters like Google Ventures and the Alibaba Research group. Magic Leap CEO Rony Abovitz revealed in an interview last night at the Code Media conference that the recently unveiled Magic Leap One headset will be have an application for watching basketball.