STX Entertainment is expanding into virtual reality ('VR') content creation by acquiring Surreal Inc. Surreal will operate as a division of STX, led by VR pioneers and Surreal co-founders Rick Rey and Andy Vick, who will serve as Co-Presidents of VR and Immersive Entertainment. Sophie Watts, President of STX Entertainment, who will oversee the new Surreal division. Mr. Rey and Mr. Vick are widely recognized as industry experts and innovators at the forefront of immersive entertainment formats, including live-action 360-degree video and interactive VR content. As co-heads of STX’s Surreal division, they will continue to develop a wide range of original VR films, TV series and branded programming, as well as immersive derivatives of STX film, television and digital properties. Before joining STX Entertainment, Mr. Rey was co-founder and Chief Executive Officer of Surreal, where he oversaw its overall direction, business strategy and key strategic partnerships. Prior to co-founding Surreal, Mr. Rey was General Manager of Entertainment at Maker Studios, where he oversaw content operations, programming strategy and branded entertainment for the company’s key content verticals, including Comedy, Music, Movies, News, Pop Culture and Animation. Mr. Vick co-founded and served as Chief Content Officer at Surreal. Mr. Vick was responsible for Surreal’s content development, talent partnerships and programming strategy across multiple content categories and distribution platforms. Prior to launching Surreal, Mr. Vick was Head of Development at Maker Studios. Previously, Mr. Vick wrote and produced television and film for companies such as DreamWorks and 20th Century Fox.