Deloitte: VR to celebrate first US$1bn year in 2016

Virtual Reality will celebrate its first billion-dollar year in 2016, driven by approximately US$700 million (€645 million) in global hardware sales, according to Deloitte. The professional services firm’s ‘Technology, Media and Telecommunications Predictions 2016’ report claims that approximately 2.5 million VR headsets and 10 million games will be sold this year. “The notion of virtual […]

VR revenues to hit US$18bn by 2025

Global revenues related to virtual reality (VR) will top US$18 billion (€16.6 billion) by 2025, according to new research. The Diffusion Group (TDG) study claims that by 2025 VR will have a global user base of more than 275 million people – with 60 million of those based in the US. “Driven initially by gaming […]

21st Century Fox takes stake in VR glasses manufacturer

21st Century Fox has struck a deal to take a minority stake in virtual reality and smartglasses designer and manufacturer Osterhout Design Group (ODG). Pending the completion of final agreements, 21st Century Fox will become the principal outside investor in ODG. In addition, the two companies plan to enter into a strategic partnership that brings […]

CCS Insight: BT to buy ITV by 2018

BT will buy UK public broadcaster ITV by 2018 in an effort to “broaden its rights position beyond sport”, according to predictions by research firm CCS Insight. In its 2016 predictions report CCS Insight said that by buying ITV, BT would gain a “slew of rights contracts” as well as a terrestrial outlet for some […]

Sky News airs first virtual reality report on migrant crisis

Pay TV operator Sky’s Sky News service has launched its first virtual reality news report. The report,  on the migrant crisis in Europe, will take “viewers to the front line of Europe’s migration crisis in Greece enabling them to see for themselves what is happening there”, according to Sky News. The report, Migrants Crisis – […]

YouTube adds VR support to Android app

YouTube has added virtual reality (VR) video support to the service’s Android app, allowing viewers to experience immersive, 360-degree content. Announcing the rollout, YouTube said that the new VR features “enable you to see and be seen in a whole new way”, with Android users able to watch VR content using their phone and a […]

DirecTV weighs in to Virtual Reality space with boxing app

US pay TV operator DirecTV has launched its first Virtual Reality (VR) app, designed to give boxing fans “a ringside seat” with immersive fight highlights. The Big Knockout Boxing (BKB) VR App offers highlights from a BKB fight event in Las Vegas and lets users select different fight highlights and close-up camera feeds. DirecTV said it […]

Disney, Sky and ProSiebenSat.1 invest in VR firm Jaunt

Disney has led a new US$65 million (€58 million) funding round in cinematic virtual reality (VR) firm Jaunt, with Sky also upping its investment in the firm and ProSiebenSat.1 coming on board as an investor. The Walt Disney Company led the Series C funding round alongside Evolution Media Partners, TPG Growth and Participant Media, and […]

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