A look at Time Inc.’s new Life VR app

According to Mia Tramz, Life VR’s managing editor, at least one brand-new virtual reality experience will be added to the app every month, with projects already lined up through the end of January 2017.

“What Life was, back in its day, is what VR has the potential to become,” Tramz said.

Even though it hasn’t been a weekly magazine in nearly 10 years, Life remains one of the Time Inc.’s most indelible brands. And while the company’s long-term goal may be to have certain Time Inc. titles launch their own VR operations, all VR content developed across the Time Inc. portfolio will live on this app for now, partly for the sake of convenience, and partly because the overall point of this new kind of video — to bring people to new places — mirrors Life’s original mandate.

For the moment, a lot of Time Inc.’s virtual reality content will be produced in partnership with third parties, though as the company ramps up its capability to produce 360-degree video, it expects to make more of that in-house.

How much it will ramp up its own VR capabilities is less clear. Despite clear interest from Facebook and Snapchat, a number of questions remain for both brands and publishers, which are nervous not just about VR’s prohibitive costs but about how many people are actually watching VR content. In May, Samsung announced that 1 million people had used its virtual reality headset, Gear VR, at least once in the space of a single month; estimates for how many VR headsets could be sold within 12 months of their release hover between 15 million and 16 million.

“The hurdle for viewership is real right now. There’s no doubt about that,” Tramz said. “I think to some extent the viewership will determine where we go. But there will always be a place for big, ambitious VR projects that themselves merit being built and viewed.”

The launch comes with Time Inc. still grasping its way toward being a digitally-focused media company. Joe Ripp, the Time Inc. vet who brought the company through its spin-off from Time Warner, departed last week. It has gone through numerous rounds of layoffs, including more than 100 last month, and it cut its guidance in its most recent earnings report.

The move also adds Time Inc. to a long list of major publishers that have waded into virtual reality and related mediums like augmented reality and 360-degree video. Some of these publishers, the BBC, for example, have been tinkering with the formats long enough to have identified a few best practices. That, rather than a new revenue stream or a new distribution platform, is one of the immediate goals for Tramz and Life VR.

“I really see myself as someone building up internal knowledge,” she said. “Eventually, we’ll have a bunch of VR gurus at our titles.”