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Remember the revolutionary light-field camera? Turns out there's no consumer demand for it. So the company has changed its focus (see what I did there?) to VR applications for Hollywood studios.
Here's an explanation from the CEO Jason Rosenthal:
https://backchannel.com/war-stories-why-i-lit-up-lytro-b46124da32a6#.dvmmo77kz
Here's an explanation from the CEO Jason Rosenthal:
https://backchannel.com/war-stories-why-i-lit-up-lytro-b46124da32a6#.dvmmo77kz