VR (Virtual Reality) and Immersive Video News

UK entertainment & media sector to grow by £8bn over the next 4 years
Jun 6, 2018 – The UK Entertainment and Media sector will be worth £76bn by 2022, according to PwC. Overall, the market will grow by £8bn over the next four years, making the UK the second largest market in Europe, the Middle East and Africa (EMEA), after Germany.
News categories: PwC, Mark Maitland, Advertising, Digital TV, Market Research, Multiscreen, OTT, UK, VR

PwC releases Global Entertainment & Media Outlook 2018-2022
Jun 5, 2018 – According to PwC, the ongoing rapid evolution of the industry has entered a dynamic new phase. Amid growth that is broad-based and consistent three imperatives are affecting every company in the industry: convergence, connecting with consumers and the need to build trust.
News categories: PwC, Ennèl van Eeden, Christopher Vollmer, Digital TV, Market Research, Multiscreen, OTT, VR, Worldwide

Qualcomm reveals first dedicated Extended Reality (XR) platform
May 30, 2018 – Qualcomm (NASDAQ:QCOM) has debuted its Snapdragon XR1 Platform, the world’s first dedicated Extended Reality (XR) platform. XR1 offers mainstream users high-quality XR experiences while enabling OEMs to develop mainstream devices.
News categories: Qualcomm, Alex Katouzian, Digital TV, Semiconductor, Smartphone, VR, Worldwide

Sky announces new Innovation Centre in latest phase of campus development
May 21, 2018 – Sky has announced that it plans to build a dedicated innovation centre on its Osterley campus. The space will house engineers and developers focusing on innovation across Sky’s broadcast and streaming platforms, consumer products and other activities including VR.
News categories: Sky, Jeremy Darroch, Digital TV, OTT, Satellite, Set Top Box, UK, VR

NBCUniversal to produce VR content for YouTube
Apr 30, 2018 – NBCUniversal has teamed up with Google to produce VR content that gives audiences a unique way to experience some of their favorite networks and shows. They’ll be made available on YouTube, and can be viewed on the web or using any mobile phone.
News categories: NBCUniversal, Google, Ron Lamprecht, Amit Singh, Digital TV, OTT, VR, Worldwide

AR and VR consumer content and apps market at $3.2 billion in 2017
Apr 10, 2018 – There was good progress in the combined virtual reality (VR) and augmented reality (AR) market in 2017, as a growing user base invested in more content, apps and out-of-home VR entertainment, according to IHS Markit (Nasdaq: INFO).
News categories: IHS Markit, Piers Harding-Rolls, Digital TV, Market Research, VR, Worldwide

VR/AR device market worth $1.8 billion in 2018
Apr 9, 2018 – According to CCS Insight the worldwide market for virtual reality (VR) and augmented reality (AR) head-worn devices will grow by an average of 50% annually over the next five years. In 2022, a total of 121 million units will be sold.
News categories: CCS Insight, George Jijiashvili, Market Research, VR, Worldwide

AR/VR headset demand expected to rebound in 2018
Mar 19, 2018 – Worldwide shipments for augmented reality (AR) and virtual reality (VR) headsets will grow to 68.9 million units in 2022 with a five-year compound annual growth rate (CAGR) of 52.5%, according to IDC.
News categories: IDC, Jitesh Ubrani, Tom Mainelli, Digital TV, Market Research, VR, Worldwide

Augmented Reality hardware market at innovation inflection point
Mar 5, 2018 – According to ABI Research, the augmented reality hardware market is ripe for innovation and transformation especially in the diverging capability demands for displays coming from divergent consumer and enterprise requirements.
News categories: ABI Research, Eric Abbruzzese, Market Research, VR, Worldwide