• Variety, Monday, May 23, 2016 9:05 AM

As Google is working on the future of virtual reality, YouTube is along for the ride. The Google-owned video site announced plans for its own virtual reality app Thursday, which will be available on Daydream-powered mobile VR devices once they become available later this year. But YouTube’s plans for VR don’t stop there. The site has also been busy hooking up some of its content partners with VR cameras to get them to produce immersive 360-degree video content, and is already thinking about ways to eventually monetize this content as well. Google announced  at its Google I/O developer conference in Mountain View, California Wednesday that it is building a dedicated VR platform for Android phones dubbed Daydream. Later this year, a number of phone manufacturers are going to release Daydream-ready devices.

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