Virtual reality still can't compete with the real thing, but thanks to its use of 6K RED cinema cameras and cutting edge VR production tech, Next VR has generally won over critics. It launched a partnership with Live Nation last year, and the companies have already broadcast concerts by Coldplay, Anthrax and others. NextVR has also collaborated with the NBA, broadcasting free highlights and selling VR games by subscription and à la carte.

The VR concert series will be free, apparently underwritten by Citi, a partner of the Global Citizen festival. The event -- which also runs concerts in Hamburg and Mumbai -- is organized by the Global Poverty Project with the aim of reducing extreme poverty. You'll be able to watch the September 23rd Central Park concert on Samsung Gear VR or Google Daydream headsets by downloading the respective apps (from the Oculus store or Google Play) to a compatible smartphone. The Backstage with Citi segments will be available on demand on Citi's VR channels.