Daydream VR is imminent and Google is spending big bucks

Hot on the heels of the Android Nougat release, Google’s Daydream virtual reality initiative is launching in the coming weeks, according to a new report offering deep insight into the company’s plans.

Bloomberg sources say Google is spending a small fortune, including hundreds of thousands of dollars on individual virtual reality ‘films and programs’ to ensure a compelling content line up.

According to the report, the company is funding YouTube stars to produce exclusive material for the Daydream launch, while it’ll also promote projects from Hulu and others.

The company is offering “high six figures” for VR games projects while filmmakers are taking in “low six figures” for the best video content, the sources said.

Many of them have signed on with YouTube to enable them to work with Google’s Jump VR software and gain access to expensive 6-camera rigs, the report claims

Related: The best Oculus Rift games you can play right now

Google wants games, apps, short videos and more to be available via the Daydream store, while the dashboard will also feature content produced by big players like HBO, MLB and NBA.

Daydream will only be available via Android Nougat on certain high-end smartphones.

The report suggests it’ll be released alongside new Android phones, which suggests the forthcoming Nexus devices made by HTC will be the ones to set the stage this autumn.

It’s also likely we’ll see controllers and headsets debut, if that’s the case.

Google open-sourced plans for the headsets following I/O, allowing third-parties to jump aboard with the smartphone-assisted tech