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This is how things get interesting for the RealiSM project: the prototype works as an integrated video recording, editing, and playback system – all working hand in hand to generate what they call reality substitution. A custom-built camera rig, consisting of 18 high-definition cameras which are pointed in all directions, seamlessly shoots a 360-degree spherical imagery that is stitched together in all three dimensions of space. These 18 high-def cameras are paired with 4 omnidirectional microphones, able to pick up sound from all directions relative to the prototype. The 3D spherical video capture is then processed and is rendered by a custom-built HMD that also features a front camera to orient the user’s presence in both the virtual and outside environments.

Aside from the usage focus of the prototype in the medical field, it is also seen as a potential tool for bringing immersive, real-time teleconferencing – bridging the gap caused by time zone issues between the two ends of the communication medium; and also to enhance entertainment experiences – particularly in games – by introducing extremely immersive and true-to-life visuals and audio experiences.

expects that library of content to grow “very rapidly,” especially as the company works with YouTube creators to get more VR content up on the platform

According to Variety, these YouTube stars are even more influential among US teens than Hollywood celebrities.

The one stumbling block is that not that many people have the equipment to experience VR. Google says some 1 million folks already own the Cardboard viewer

it’s convenient that the company is launching these virtual reality features right before The New York Times ships 1.3 million Google Cardboard sets this weekend, as it debuts its new VR documentary, “The Displaced.”

“Ultimately, new technology can reveal desires that already exist on a deep level in society,” says Rafman of the works, which pull from and amplify the seductive forces of video games and cinema. “This desire to escape completely into another dimension has existed for a long time.”

Virtual reality’s recent resurgence in prominence begins with Oculus and its visionary 23-year-old founder, Palmer Luckey. In 2012, the then-18-year-old with an affinity for retooling defunct ’90s VR headsets took a hacked-together model to Kickstarter with a funding goal of $250,000. A month later, over 10,000 individuals contributed $2.4 million to the campaign for what was at the time mainly aimed at being a gaming peripheral. Two years later, Facebook wrote a check to buy Oculus VR for $2 billion

“This is not a drill. It’s real. It’s a moment,” says Michael Naimark, Google’s first resident virtual reality artist (like Char Davies, he’s listed as a pioneer of VR on Wikipedia). “And the arts community can play a huge role in propagation.

Throughout art history, art has reflected the prevalent social relations of the time. It makes sense, then, that the most relative and innovative art forms being produced today would mirror our reality—one defined by a perceived sense of agency in a world filled with invisible algorithms and clicks baited to us by past clicks. The internet spoils us with infinite choice: opportunities to invent our personas, refashion our self-brands, optimize our lives, and enhance our experience. But with mega-corporations quietly holding the joystick, can we really self-determine our destiny?

If someone came to us and said, "Would you launch a TV series in Imax day-and-date?", that's definitely something we would consider

We have over 300 theaters open; we have over 200 theaters in backlog [where a theater has been approved and the space designated, but it hasn't been built yet]. We just announced a 10‑theater deal.

Wanda, which accounts for the largest number of Imax screens in China, has its own giant-screen technology. Worried? I'm not very worried.

If the public wants an experience that's better than a standard 35mm but not as good as an Imax, there's a category they fit in.

In 2015, you announced the creation of the Imax China Film Fund to invest in Chinese tentpoles.

We can leverage those relationships, plus the Imax technology, plus the Imax release windows, and create value by investing in the right films.

We could get into original programming, but we're not going to be a small participant in a $200 million movie. Could I see there being a $10 million or $20 million film that is with an Imax filmmaker who loves Imax and plays well to the Imax audience and has the right ancillary distribution afterward? Yes. That's something we're exploring.

It is addictive

children grow up not caring about the natural world.

The list of physical and social maladies associated with sedentary behavior—an almost inevitable corollary of time spent on electronic devices

American Academy of Pediatrics used to recommend that parents limit screen time to less than two hours a day for children over the age of two

digital reality as the new normal

Make shutting down the devices a family thing.

can enable augmented reality experiences where virtual objects interact with the physical environment (e.g. furniture)

can augment and distort the physical environment (e.g making a living room look like a cartoon)

Transmedia Storytelling

Virtual Reality

Interactivity and Video Games

Audience Participation

Enhanced Perception

Expanded Sensory Experience

Stories emerging from a bottom up, rather than a top down process

showcase four experience prototypes that demonstrate the novel interactive experiences that are possible with RoomAlive and discuss the design challenges of adapting any game to any room

Alongside this launch, Oculus announced a new multiplayer game that makes use of some of these new social features.

We think virtual reality and augmented reality are the next big things—but we also know they won’t succeed without a good way to interac

But analysts anticipate a further shift as more financial services and greater interactivity are added, which is when mobile payments will become mobile banking.

In the UK, for example, just 1 per cent

the mobile phone is taking on extra roles as a place to keep money safe and move it around, as well as to acquire other financial services from trusted providers.

services are quickly expanding to include loan disbursement, bill payment and micro insurance.

In the next few years mobile banking apps will become the predominant means to access all routine banking services, from applying for a loan or overdraft increase to letting the bank know you are moving house

So while we are working closely with digital giants such as Apple, Samsung and Google to roll out their payment services, we’re also working with the banks to create their own payment functionality embedded within their existing hugely popular banking apps

Imagine the needs and benefits of visiting a local physical retail store being replaced by AR. Even more accurately, it aims to improve and bring a brand-new shopping experience to consumers by using a digital model of a product to simulate its existence in everyday reality

The Alibaba Group, one of the world's biggest online commerce companies, will be participating in RAE's brand new feature: the Internet Retailing Theatre