Will Virtual Reality Remake Hollywood?

Will Virtual Reality Remake Hollywood?

U.S.News thinks it will. The publication cites an IDC Research analysis that the worldwide virtual reality market will grow from $5.2 billion in 2016 to $162 billion in 2020. U.S.News speculates that it won’t be the big studios that will be making the move to VR first. It will most likely come from young entrepreneurs producing content for the gaming industry and then moving into mainstream movies. However, we question whether the consumer investment in virtual reality equipment will drop rapidly enough to make VR a prime means of viewing and whether home viewing will lead the way. Our thought to speed the transformation is theater companies could essentially rent virtual reality equipment for each movie showing while still providing the same food and drink amenities. This might leave Hollywood’s heavy hitters in place