How Filmmakers Are Solving VR’s Biggest Problem: Adoption
and all the VR film stats you need to know
I’ve moved my blog to founderknowledge.com. Founder Knowledge Fridays are when new posts are published.
Last week, I outlined ways that VR can avoid failing in 2017 but with SXSW happening this week, I was inspired to delve deeper into the driving force for Virtual Reality’s current adoption.
In the past year, I’ve seen many ways that VR’s being used by companies. Directors and agencies working with companies like T-Mobile and AT&T (view case study here) have been asking us for help with publishing their 360-content. As I looked at app usage patterns, I started to realize that filmmakers are one of the main reasons for VR growth.
I’ve outlined 3 top trends/evidence which show that the “Early Majority” wants immersive content:
1) 6 of the Top 10 Apps are Video-Related
Immersive content is the first step to consumer adoption.
Companies like Oculus have been incrementally introducing VR to the general public through mobile devices like the Gear VR. Recently, Facebook has even added functionality that allows users to launch 360-Videos from their feed to their Gear VRs.
Even though users don’t have “six degrees of freedom” (6DoF), immersive content is able to get the “Early Majority” to want more. At the moment, 6 of the top 10 free apps for the Gear VR are video-related (in bold):
- Disney Movies VR
- Facebook 360
- Face Your Fears
- Samsung Internet
- Samsung Gallery
- Rilix VR
- Samsung VR
- Morgan Page
- Jurassic World
2) Video Consumption is Growing Rapidly
As more immersive content is becoming available (via YouTube, Facebook 360, etc.), VR users are spending more and more time watching 360-videos.
As this trend continues, the newer generations will start treating 360-videos as the norm. Eventually, all new devices (e.g. Xbox, smartphones, computers, etc) will start supporting stereoscopic vision and content that can be ported cross-platform will allow hardware to have content from the get-go.
Even though most VR companies have been tight-lipped about their VR growth, I’ve compiled a list of stats that’s been shared with the general public for the Gear VR:
- 2 Million+ hours of video were consumed on the Gear VR
- 1 Million people used the Gear VR in April 2016
- Active users spend 25 minutes / day on the Gear VR
- 80% use Gear VR to watch videos
- Sources: technologyreview.com and engadget.com
- 10 Million+ hours of video were consumed on the Gear VR
- 5 Million Gear VR’s shipped
- Source: Samsung’s CES Announcement
3) VR Companies Prioritize Filmmakers
Creating immersive content is hard! Most movie watchers (myself included) don’t stop to appreciate the intricacies of 360-film making.
To create compelling stories in VR adds additional nuances like being unable to hide the camera crew, finding a way to control the viewers’ gaze direction with audio and visual cues, video stitching, spatial audio, etc.
Even though companies like Facebook (Oculus’ owner) love to hoard IP, they also know that high-quality 360 content creation is difficult. This is why Facebook is focusing efforts on helping filmmakers create better content. One of their efforts was to release blueprints for the Surround 360 camera last year:
Our goal is to get this camera into the hands of as many creators as possible. — Eugene Wei (Oculus Head of Video)
Another effort was to create 360-Video heatmaps:
Summary — How Filmmakers Are Solving VR’s Biggest Problem: Adoption
- The “Early Majority” Wants Immersive Content
- Video Consumption is Growing Rapidly
- VR Companies Prioritize Filmmakers
What excites me about immersive content is that it has the ability to fuel VR hardware adoption.
Users of all ages can use and understand it (e.g. disabled or elderly people) and the content can be viewed on a majority of smart devices. This will enable users to understand VR at a low price point and fuel the adoption of the high-end VR-enabled devices.
360-videos can also be used to pitch for work. Immersive content can be used to introduce users to concepts and, in turn, lead customers to request higher quality or 6DoF content.
All of these scenarios bring us closer to our goal of making VR a part of every day life!
Want to ask an investor?
If you’re interested in asking a VR investor questions or seeing their thoughts, please let me know through the Wufoo form below.
Note: When we get 100 signups, I’ll ask a VR Investor your questions on a public live stream!
I’d like to leave you with inspirational words from one of the most creative individuals in human history:
We keep moving forward, opening new doors, and doing new things, because we’re curious and curiosity keeps leading us down new paths. — Walt Disney
Always be learning,
Chris Tan is the CEO and Co-founder of ConstructVR.io. He is a Y Combinator Alumni that spends most of his time in Vancouver, BC and San Francisco, CA meeting other VR enthusiasts.