It’s been recently illustrated that media-entertainment giant Twenty-First Century Fox Inc will be opening up a subsidiary, which will be responsible for the development of virtual reality filmmaking The subsidiary in question, has already been opened, and operates by the name of FoxNet, and is responsible not only for virtual reality filmmaking but also for virtual reality gaming capabilities. The former film executive for Twenty-First Century Fox, Salil Mehta, will be responsible for the operations of this subsidiary.