Mandalay Entertainment CEO Peter Guber — who believes virtual reality is “the secret sauce for live entertainment” — is reportedly investing millions of dollars in NextVR. The startup “films and broadcasts live events that, when viewed in VR, allow the user to look in any direction they like while also having a closer vantage point on the action than they might get on TV,” reports Re/code. Guber, who co-owns the Los Angeles Dodgers and Golden State Warriors, thinks “that it’s technologically feasible to let viewers ‘move’ around a stadium or theater to change their view, possibly through voice commands spoken to smartphones strapped to their heads.”