The 360° film experience differs in the sense of watching a film on screen or through VR glasses. If you experience a 360° film on screen/display you can navigate your view with the cursors or swiping the screen.
Much more impressive is the view experience of 360° videos with VR glasses, e.g. Samsung GearVR, Oculus Rift, Zeiss VR One or the simplest version of Google Cardboard. With VR glasses each eye gets its own image whereas the images change with the movement of your head. Therefore, the viewer gets the feeling as if he is part of the scene.
VR stereo however, uses 360° films in a way that the images are different for the right and left eye. There are two 360° film tracks in which both film sequences show what would be captured of the eye in reality. On that base a dimensional visual impression is generated similar to 3D cinema with a 360° view.