Virtual Reality Projected to Become a $7 Billion Business This Year
By Jim Bask
In this Variety article, new reports on the revenue generated by virtual reality creative content project into the billions for 2017! Read-on for details:
Greenlight also forecast that location-based virtual reality in malls and movie theaters is going to grow into a significant part of the industry. In 2017, location-based VR will bring in $222 million worldwide; by 2021, that amount will have grown to almost $1.2 billion.
These estimates have to be taken with a grain of salt — it’s a nascent industry, after all. Adding to the uncertainty is the fact that many of the major headset manufacturers, including Oculus, HTC and Google, have yet to release any actual sales numbers for their devices…[continue reading]