Disney plans to create new VR experiences with this $60,000 camera - here's how it works

Disney on Monday announced a multi-year deal with Nokia to use its one-of-a-kind virtual reality camera, called the Ozo, to produce "VR experiences to complement Disney's theatrical releases."

Most recently, Disney used Nokia's Ozo camera to create two 360-degree videos from the April premiere of its new movie, "The Jungle Book."

"Specially-created VR content is one more way we can transport people even further into the worlds our filmmakers create," Walt Disney Studios CTO Jamie Voris said in a press release.

The $60,000 Nokia Ozo camera was unveiled last November. It was designed to help pioneering filmmakers create new content for virtual reality headsets, but it was also designed to be relatively small, light, and inexpensive compared to most film-style cameras.

Take a look.