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

Entertainment & media rebounding strongly from pandemic slump
Jul 12, 2021 – According to PwC, the entertainment & media industry has regained its momentum. The industry is on track to grow 6.5% in 2021 and 6.7% in 2022, fueled by strong demand for digital content and advertising.
News categories: PwC, Werner Ballhaus, Advertising, Digital TV, Gaming, Market Research, Metaverse, Streaming, Worldwide

Facebook leads VR headset market in Q1 2021
Jun 30, 2021 – Global shipments of VR headsets grew 52.4% year over year in the first quarter of 2021, according to IDC. The growing popularity of gaming, as well as fitness, has helped spread consumer awareness of VR.
News categories: IDC, Jitesh Ubrani, Tom Mainelli, Market Research, Metaverse, Worldwide

5G mobile, smartphone accessory, and VR HMD shipments to grow rapidly in 2021
Jun 3, 2021 – According to ABI Research, most consumer devices and services, especially 5G smartphones, accessories, and VR Head-Mounted Displays (HMDs), will remain healthy in terms of shipments in 2021.
News categories: ABI Research, Eleftheria Kouri, 5G, Market Research, Metaverse, Smartphone, Worldwide

CUJO AI reveals North American connected device usage patterns
Jun 2, 2021 – CUJO AI has released its annual device intelligence report. The report explores connected device usage patterns and trends based on data from more than 1 billion devices in the Unites States and Canada.
News categories: CUJO AI, Kimmo Kasslin, Big Data, Canada, Digital TV, Gaming, Metaverse, Smart TV, Smartphone, Tablet, USA

Digital content revenue to exceed $432bn globally by 2026
May 24, 2021 – Juniper Research expects the market for digital content to reach $432 billion by 2026; rising from $211 billion in 2021. Digital games are expected to generate the highest revenue in 2026.
News categories: Juniper Research, Saidat Giwa-Osagie, Advertising, Digital TV, Gaming, Market Research, Metaverse, Smart Home, Streaming, Worldwide

Hologram dining experience opens in London and Edinburgh
Apr 15, 2021 – The world's first hologram dining experience has opened in London and Edinburgh. Virgin Media’s 'Two Hearts Pizzeria' will connect diners at opposite ends of the UK via a real-time holographic dining experience.
News categories: Virgin Media, Jeff Dodds, Dr James Bellini, Digital TV, Metaverse, UK

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, Metaverse, UK, USA, UX

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, Metaverse, 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, Metaverse, Worldwide