Metaverse – Virtual Reality (VR), Extended Reality (XR) and Immersive Video News

Metaverse Standards Forum launched
Jun 21, 2022 – The Metaverse Standards Forum brings together standards organizations and companies for cooperation on interoperability standards needed to build the open metaverse. The Forum will explore where the lack of interoperability is holding back metaverse deployment.
News categories: Metaverse Standards Forum, Neil Trevett, Gaming, Metaverse, Worldwide

Global entertainment & media revenues surge to $2.3 trillion
Jun 20, 2022 – According to PwC, the global entertainment and media (E&M) industry surged ahead last year, strongly outpacing global economic growth. Following a pandemic-related 2.3% decline in 2020, E&M revenue rose a strong 10.4% in 2021.
News categories: PwC, Werner Ballhaus, Advertising, Big Data, Digital TV, Gaming, Market Research, Metaverse, Streaming, Worldwide

NOS shows international holographic transmission using 5G
May 15, 2022 – NOS has carried out the first international holographic transmission using 5G in Portugal. At the event, the director of 'Top Gun: Maverick' was transported as a hologram from London to Lisbon to take part in the press launch of the film in Portugal.
News categories: NOS, Jorge Graça, 5G, Content Distribution, Digital TV, Metaverse, Portugal, UK

AR/VR headset shipments grew dramatically in 2021
Mar 21, 2022 – The worldwide market for augmented reality and virtual reality (AR/VR) headsets grew 92.1% year over year in 2021 with shipments reaching 11.2 million units, according to IDC. The holiday quarter was a major driver for the industry.
News categories: IDC, Jitesh Ubrani, Tom Mainelli, Market Research, Metaverse, Worldwide

holoride brings XR experiences to Audi vehicles
Mar 12, 2022 – Beginning in June 2022, Audi will make holoride extended reality (XR) experiences available through its vehicles' MIB 3 infotainment system, opening up a new level of immersion in entertainment, educational, gaming, and well-being content.
News categories: holoride, Audi, Digital TV, In-Car, Metaverse, Worldwide

holoride and HTC debut VR glasses with in-car entertainment
Feb 25, 2022 – holoride is partnering with HTC to deploy its extended reality technology in VIVE Flow, HTC's immersive glasses product, transporting users from the backseat of a car to a world of entertainment, including both VR and traditional 2D content.
News categories: holoride, HTC, Nils Wollny, Shen Ye, Digital TV, In-Car, Metaverse, MWC22, Worldwide

Cinedigm launches streaming channels on AR glasses with Nreal
Jan 24, 2022 – Cinedigm (NASDAQ:CIDM) has announced a partnership with Nreal to bring three of Cinedigm's channels to Nreal's newly introduced AR 'TV' app on a virtual HD screen of up to 220 inches provided by the Nreal Light AR glasses.
News categories: Cinedigm, Nreal, Tony Huidor, Peng Jin, Digital TV, Metaverse, Streaming, USA

Metaverse driving AR/VR device shipment growth
Nov 21, 2021 – The growth of the metaverse will drive an increasing number of companies to participate in the build-out of the virtual world, with use cases such as social communities, gaming/entertainment, content creation, virtual economy, and industrial applications all becoming important points of focus in the coming years, according to TrendForce.
News categories: TrendForce, Market Research, Metaverse, Worldwide

Virtual reality to become a $51bn market by 2030
Nov 8, 2021 – While VR is set to see significant growth in the next ten years, with GlobalData estimating it will become a $51bn industry by 2030, the technology is still not a 'mainstream success'.
News categories: GlobalData, Rupantar Guha, Digital TV, Market Research, Metaverse, Worldwide