Posted On: 360

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China’s Virtual Reality Market Will Be Worth $8.5 Billion and Everyone Wants a Piece

May 21, 2016 - By 

Hip-hop dancers, military marchers and daredevils in winged suits are bringing China’s Internet titans into the world of virtual reality.These video stars have joined South Korean pop idols and animated fireflies as central players in a $1.1 billion global VR spending spree that’s being fueled by.

At least 200 startups are working in China’s virtual-reality industry, according to IQiyi.com Inc., a Baidu unit.

Baidu, Alibaba and Tencent—often referred to collectively as BAT—have a combined market capitalization larger than Israel’s gross domestic product, and they serve 688 million Internet users in China alone. China’s VR market is expected to reach 55 billion yuan in value by 2020 from 1.5 billion yuan last year, according to Guangzhou-based researcher iiMedia. Shares of Tencent rose 3.1 percent, the most in two months, in Hong Kong trading on Monday, while the U.S.-traded stock gained 4 percent. Baidu jumped as much as 4.2 percent in trading in New York, and  Alibaba advanced 2.6 percent.

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Read More: http://www.bloomberg.com/news/features/2016-05-15/china-s-virtual-reality-market-will-be-worth-8-5-billion-and-everyone-wants-a-piece


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Google shows off dedicated Youtube 360/VR app for newly announced Daydream platform

May 20, 2016 - By 

Google has been slowly building virtual reality-focused functionality into the You Tube app over the past year with support for 360-degree video formats,stereoscopic video, 3D audio and general Google Cardboard support.

The company also announced in the blog post that they will be working withcontent partners like NBA, BuzzFeed and Tastemade toExplore new ways ofstorytelling in virtual environments that will provide valuable lessons about theway creators and viewers interact with VR video.” YouTube also announced thatits bringing its Jump VR camera program to its YouTube Spaces in LA and NYCand plans to bring to all of its global locations soon to help content creatorsstart working in virtual reality.

Whereas Google Cardboard was mobile-first in that you selected and navigated Cardboard-compatible apps up to the point of viewing the content at which point you’d slot the phone into your headset and hold the viewer up to your face, Daydream is designed for navigation within VR and thus this version of YouTube had to be designed from the ground up.

Details are mostly scant on the YouTube VR app itself, but it will apparently befull-featured and offer users access to playlists, voice search and discovery.

Based on the lone screenshot that YouTube generously showed off, it looks like the app allows interface navigation from within video playback on the pause screen which is quite interesting and offers suggestions of how user experience on Daydream may differ from the navigation frameworks of other mobile VR headsets like Gear VR..

Read More : https://vr.google.com/daydream/#vr-formbox-email

Developers Program & Documentation : https://developers.google.com/vr/


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Project 3: Para-Gliding over Torrey Pines – San Diego, CA 360 VR Video

April 13, 2016 - By