It may seem like a strange move, but Disney’s spyglass could be getting a second life.
Sources close to the deal tell The Wall St. Journal that the spyglass company has acquired a minority stake in the company that makes the device, which has a sleek design and is now available for the first time in the United States.
The deal will allow Disney to focus on building products that are more like the original spyglass, but with a higher-end look and feel, said one of the sources, who asked to remain anonymous.
Disney also will have to make some concessions to rival makers.
Spyglass’ design is unique in that it doesn’t use a lens, and its focus is on the user, not on a sensor or processor, the source said.
Spyglasses are also a bit pricey, at $99.99 and up.
However, the company is building its own sensors and processors for its spyglass technology, and is not planning to release spyglass products until the mid-2020s, the sources said.
It could also sell spyglasses through a new online retailer that uses its own software and can do custom orders, the second source said, citing a person familiar with the matter.
SpyGlass will be used for both personal and corporate uses, but the deal won’t take place until Disney acquires its own sensor technology.
The company’s technology is based on the sensor technology that Disney already sells.
Disney is trying to bring its products to a younger audience, which is what Disney is banking on in the deal.
Its first spyglass was launched in 2012 and the company has been using it since then to track athletes and celebrities and to track the performance of sports.
SpyGlasses also has a reputation for being a bit more pricey than competitors.
Its competitors, including Apple and Samsung, charge $50 to $100 for their smart glasses, but SpyGlass is less expensive, the third source said: $60 to $70 for the basic model and $80 to $90 for the Deluxe Edition.
Spyglas are also the first consumer-grade devices to include infrared sensors.
The technology is a bit like a camera that’s attached to the glasses, and the glasses can see what you’re looking at and detect it, the person said.
Disney bought Spyglass in 2011 for about $10 million, and has since focused on building other products, including an infrared tracking device that can track athletes in sports.
In January, the Disney board of directors approved a $200 million acquisition of a rival camera company, which it says will help Disney expand its video streaming capabilities.
Disney has also bought another company, O2 Interactive, which made a smartphone and camera accessory for Apple in 2013.
Disney and O2 also have a partnership that lets Disney use its camera and microphone technology to track users in its parks, including at Disneyland.
In February, the Walt Disney World resort began testing a “personal” camera system that uses infrared technology to capture and analyze footage of guests, including the characters, performers, and employees.