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IDC: Consumer tech-spend $1.7 trillion this year

IDC: Consumer tech-spend $1.7 trillion this year

Consumer spending on technology is forecast to reach $1.69 trillion (€1.53tn) in 2019, an increase of 5.3 per cent over 2018. According to the latest Worldwide Semiannual Connected Consumer Spending…

Jaunt XR’s tech acquired by Verizon

Jaunt XR’s tech acquired by Verizon

Jaunt XR has announced that Verizon has acquired its software, technology, and certain other assets for an undisclosed amount. Jaunt XR is a specialist in the immersive industry with a…

Facebook creating Horizon VR world

Facebook has unveiled Horizon, a new social VR world coming to Oculus Quest and the Rift Platform in 2020. The social media giant said the project is “ a culmination…

Forecast: Online viewing to reach 100 mins a day

The average person will spend 100 minutes each day watching online video in 2021, up from 84 minutes this year, according to Zenith’s Online Video Forecasts 2019 report. That’s the…

Secret Cinema expands into China with SMG

Secret Cinema expands into China with SMG

Secret Cinema, the specialist in the field of immersive storytelling, has announced its first international expansion into China, in collaboration with SMG Live. They will launch with the current UK…

Survey: Early adopters lead for VR, smart speakers

Early adopters in various economies are dominating demand for leading-edge electronics devices, with these elite consumers owning 61 per cent of all virtual reality (VR) headsets and 43 per cent…

Billie Eilish concert to air in VR

Billie Eilish concert to air in VR

US singer-songwriter Billie Eilish will stream the Madrid stop of her current world tour concert in Oculus Venues, produced and broadcast live in VR by Supersphere. The concert will take…

Hasbro buys Entertainment One for £3.3bn

Hasbro buys Entertainment One for £3.3bn

In a move that enhances Hasbro’s storytelling capabilities and franchise economics in TV, film and other media to strengthen its brands, play and entertainment company Hasbro, Inc. and independent producer…

8K coverage for Rugby World Cup

Organisers of the Rugby World Cup 2019 in Japan have suggested that Asia’s first tournament will set new standards in rugby broadcast production, providing a record global footprint and attracting…

British Airways VR trial

British Airways VR trial

British Airways customers will be transported to their own 3D cinema in the skies as the airline exclusively trials a new virtual reality headset in what it says is a…

Match of the Day moves into VR studio

Match of the Day moves into VR studio

Match of the Day, now in its 55th year, returns to BBC One and BBC iPlayer this August to provide audiences with all of the highlights of the new Premier…

Research: Sony captures a third of VR hardware revenues

Research: Sony captures a third of VR hardware revenues

Strategy Analytics latest data on the VR headset market shows a decline in annual hardware revenues for the first time. Data shows this revenue decline is confined to the low…

Report: VR market feeling growing pains

Report: VR market feeling growing pains

ABI Research, a global tech market advisory firm, expects the virtual reality (VR) market to hit an inflection point within the next two years, driven by new incremental advances in…

SK Telecom launches 5G AR & VR services for eSports

SK Telecom launches 5G AR & VR services for eSports

SK Telecom has announced the launch of three 5G AR and VR services – ‘Jump AR’, ‘LCK* VR Live Broadcasting’ and ‘VR Replay’ – to offer a more realistic and…

Report: AR/VR valuations soften creating investment/acquisition opportunities

Report: AR/VR valuations soften creating investment/acquisition opportunities

If today’s AR/VR investment/M&A dynamics continue, there could be a 12 to 18 month window for corporate and VC ‘smart money’ to do deals with AR/VR leaders at sensible valuations.…

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