AOL signs seven-figure VR ad deal

Verizon's AOL signed its first major virtual reality ad deal after buying VR and 360-degree video company RYOT.

The deal valued at seven figures represents a partnership with American Family Insurance and media agency Mindshare.

The branded video series, written articles, social media posts and 360-degree/VR videos will focus on heroes inside their communities overcoming their challenges. It's scheduled to run from October through year's end.

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