Planet Theta Partners With Ritestream To Screen Films In The Dating Metaverse

Ritestream, the NFT film funding platform, has announced a partnership with Planet Theta, the world’s first virtual reality dating app, to show films and build lasting relationships in the Metaverse. The partnership enables couples to date and socialise from the comfort of their own home, utilising Oculus and Steam VR headsets. Weeks’ worth of butterfly inducing first dates can now be fit in to the space of a few hours.

In addition to strolling through enchanted forests, visiting art galleries, or having a coffee over a game of cards, Planet Theta users will now be able to sit back and enjoy a movie from ritestream’s extensive bank of content.

The average movie theatre ticket cost in the U.S. has increased by 11 percent over the last 5 years. The price hike has compounded a Covid-hit industry, contributing to an exodus of moviegoers deserting cinemas across the country, with ticket sales in the U.S. declining from 1.4 billion in 2009, to 498 million in 2021. As movie theatres urgently rethink their offering, virtual dating cinemas provide a unique experience to connect with likeminded members.

Riaz Mehta, Founder and CEO of ritestream, said: “We very much look forward to providing Planet Theta members with cinematic nights to remember, combining ritestream’s revolutionary content platform with Planet Theta’s vision of a virtual reality dating experience.”

Riaz continued: “As the virtual dating scene expands in popularity, couples want new ways of interacting, and with nearly 20% of U.S. adults streaming movies every day, the partnership feeds a boundless demand for content.”

Chris Crew, CEO of Planet Theta, said: “Human connection is the bedrock of societal happiness, and the partnership between Planet Theta and ritestream heralds a revolutionary shift in the way prospective couples can connect.”

Chris continued: “We are putting human connection at the forefront of dating again, so couples can step foot into Planet Theta and experience an exciting future of matchmaking.”