VR (Virtual Reality) and Immersive Video News

Entain and Verizon Media to develop VR experience for live sports
Dec 17, 2020 – Verizon Media and Entain plc (LSE: ENT) have announced that they will develop a highly immersive proof of concept VR experience that will combine live sports viewing with interactive layers of sports data and gaming.
News categories: Verizon Media, Entain, Guru Gowrappan, Shay Segev, Digital TV, Market Research, UK, USA, UX, VR

InterDigital announces completion of VVC and V-PCC MPEG standards
Dec 17, 2020 – InterDigital (NASDAQ: IDCC) has announced the finalization of the VVC and V-PCC video standards. VVC improves HEVC performance by 50%, while V-PCC is the first MPEG compression standard for dynamic point cloud content for immersive video experiences.
News categories: InterDigital, Lionel Oisel, Content Distribution, Digital TV, Media Player, VR, Worldwide

VR consumer content revenue to exceed $7 billion in 2025
Nov 30, 2020 – Research from Juniper Research has found that consumer VR content will generate more than $7 billion in revenue in 2025, up over 160% compared with 2020. The primary driver in this space will be console gamers.
News categories: Juniper Research, James Moar, Gaming, Market Research, VR, Worldwide

Worldwide spending on AR/VR to deliver strong growth through 2024
Nov 17, 2020 – Worldwide spending on augmented reality and virtual reality (AR/VR) is forecast to accelerate out of the pandemic, growing from just over $12.0 billion this year to $72.8 billion in 2024, according to IDC.
News categories: IDC, Stacey Soohoo, Tom Mainelli, Market Research, VR, Worldwide

Brainstorm coordinates AdMiRe mixed reality R&D project
Nov 17, 2020 – Brainstorm is coordinating AdMiRe, an EU-funded project that focuses on the development and validation of Mixed Reality solutions to improve interest and participation of TV audiences as well as the generation of more attractive content.
News categories: AdMiRe, Brainstorm, Javier Montesa, Francisco Ibáñez, Digital TV, EU, VR

Condense Reality secures £800k seed investment
Oct 7, 2020 – Condense Reality, a virtual reality startup developing technology to transform how viewers watch live entertainment and sports, has raised a seed round of more than £800,000, including £220,000 from SFC Capital.
News categories: Condense Reality, SFC Capital, BT Sport, Nick Fellingham, Stephen Page, Digital TV, OTT, UK, VR, Worldwide

VR market to grow despite pandemic blow to location-based segment
Sep 24, 2020 – ABI Research expects the VR market to grow in 2020 despite some negative impacts from COVID-19. The pandemic, however, has accelerated some trends and increased interest and adoption of immersive technologies.
News categories: ABI Research, Michael Inouye, COVID-19, Market Research, VR, Worldwide

VR headset market expected to grow despite short-term decline
Sep 16, 2020 – As the world continues to deal with the pandemic, the market for virtual reality (VR) headsets is expected to decline 6.7% in 2020 before returning to double-digit growth of 46.2% in 2021, according to IDC.
News categories: IDC, Digital TV, Market Research, VR, Worldwide

TV3 to trial 5G immersive sport at Superbike World Championship
Sep 15, 2020 – Catalonia's TV3 is to trial a 5G immersive sport experience at the MOTUL FIM Superbike World Championship (WorldSBK), due to take place at Circuit de Barcelona-Catalunya from the 18th to 20th of September.
News categories: TV3, Guttmann Institute, IRI-UPC, Kataclack, Vodafone, 5G, Digital TV, Spain, VR