What is Virtual Reality?
Virtual reality (VR) is a new technology that replicates an environment, real or imagined, and simulates a user’s physical presence and environment to allow for user interaction. Virtual realities artificially create sensory experience, which can include sight, touch, hearing, and smell.Virtual realities are displayed using a wearable virtual reality headset. Some units include additional sensory information. Below is a great overview video from FORTUNE Magazine.
Technology is constantly accelerating and VR is going to create an opportunity like we’ve only seen twice before. First with the Internet and second with Smartphones and apps.
This year for virtual reality is like 1994 for the Internet.The entire infrastructure for the third trillion-dollar opportunity has been created. Companies racing into this gold rush are:
Facebook has released the Oculus Rift headset and is predicting $2 billion in sales this year. Credit Suisse is predicting they’ll sell 5 million units this year.
Google has invested in Magic Leap, a company that’s developing augmented reality technology which can project holographic images over your real-world surroundings. The following are just a few companies investing heavily in VR.
- Sony: (SNE)
- Apple: (AAPL)
- Microsoft: (MSFT)
- Qualcomm: (QCOM)
- Disney: (DIS)
- Nvidia: (NVDA)
3D VIRTUAL REALITY PIONEERS
This is an example of what virtual reality content can look like. Notice the combination of special effects, live actors and the 360 degree viewpoints.
Could Virtual Reality Revitalize The Economy?
This talk was given at a local TEDx event, produced independently of the TED Conferences. In this talk, George introduces the concept of the “metaverse” and how it will change filmmaking in sets, crew, actors, and most importantly, the story.
Also, read this fascinating article from WIRED Magazine: http://www.wired.com/insights/2014/10/virtual-reality-economy/
VIRTUAL REALITY PRODUCTION
Imagination Park will offer production services to create full 360 degree, 3D virtual reality content
Source VR Production Opportunities
Company attracts VR production work
Fulfill VR Content Production
Turnkey production of VR content
Company Partners in Marketing
Optional terms to joint venture in project
High Margin Revenue
The Company receives revenue from service work and equity interest
Imagine the possibilities
Imagination Park has begun working on a VR Project tentatively titled: AMP VR – A full 360 degree, 3D Virtual Reality experience with cutting edge visual special effects.