Twenty-First Century Fox (NASDAQ: FOX) (NASDAQ: FOXA) recently formed FoxNext, a new business unit for creating next-gen storytelling formats like virtual reality (VR) experiences and gaming. The new unit will be led by former film executive Salil Mehta, and its first big project is a VR experience for Planet of the Apes. FoxNext will also create new VR experiences for studio franchises like Alien, and handle gaming tie-ins for properties like The Simpsons.