Netizens by now know that video streaming sites like Youtube and Facebook recently took on videos that are only capable in playing on a 360-degree platform. Virtual Reality Headsets, once known only as science fiction, is on its way to becoming another household item soon.
The technology and entertainment industry is investing to dominate this new age gadget. Paying $2 billion dollars last year for a virtual-reality startup, called Oculus VR. The Oculus Rifts, the product behind the Oculus VR, are said to release commercially on 2016.
With the development of 360-degree capable cameras as shown in google maps, and the latest in sound technology, experts can deliver a 360 degree platform, making entertainment and any other viewing experience more enjoyable. Even traveling to explore cities around the world can be enjoyed in the convenience of your living room.
Arrivals of affordably priced headsets by Samsung, Sony, HTC and Facebook is said to follow on 2016. Entertainment giants Disney, Comcast, Time Warner, and Legendary Entertainment are a few companies investing millions of dollars in a scramble to create the next virtual reality experience.
The market will grow to $5.4 billion, by 2025, with a $62 billion dollar enterprise for hardaware components according to Piper Jaffray investment bank.
Not wasting any time, Director Robert Stromberg (Maleficent), Schilowitz's and the Fox innovation Lab are putting a in the final touches to a virtual reality companion on the movie "The Martian". Filming is currently taking place in Mr.Schilowitz's studio.
In the Martian project, viewers will be able to experience a 15- to 20-minuite film, where they play the astronaut on Mars (Matt Damon in the feature film) and interact with the new world around them. Navigating the planet in an attempt to stay alive while keeping balance in zero gravity.
"The technology works. It's remarkable. But it is nowhere near good enough on any front to take on mass adoption" said Ted Schilowitz, in-house futurist at 20th Century Fox.