Global Virtual Reality Industry to Reach $7.2 Billion in Revenues in 2017

Stevi RexCompany, Press Releases, Virtual Reality

virtual reality industry report

SAN FRANCISCO (April 11, 2017) — In its new Virtual Reality Industry Report: Spring 2017, Greenlight Insights forecasts total virtual reality revenues to reach $7.2 billion globally by the end of 2017, of which, head-mounted displays (HMDs) will account for $4.7 billion. Anticipating modest growth in the short term, Greenlight Insights expects the VR industry to grow into a major … Read More

New Report: Location-Based Entertainment Brings New Opportunity for Virtual Reality Companies

Alexis MacklinAnalysis, Funding Database, Virtual Reality

Location-based VR entertainment (LBVRE) is emerging as one of the the fastest growing sectors in VR. Several LBVRE technology companies have raised considerable investment rounds in the first quarter of 2017 and more investment is likely to come. When analyzing data from Greenlight Insights’ VR/AR Funding Database of more than 400 venture deals from 2011 to 2016, LBVRE-specific companies raised … Read More

Survios, High Fidelity Announce Latest Rounds of Funding

Alexis MacklinAnalysis

Survios, VR gaming studio behind Raw Data, announced on Dec. 13 a series of funding totaling $50M led by movie and television studio Metro-Goldwyn-Mayer and investment firm Lux Capital. Raw Data was considered the first VR title to reach over $1M in sales in a month, totaling about $2M to date using data gathered by Steam Spy. MGM CEO Gary Barber will join … Read More

Vrideo Shuts Down

Clifton DawsonAnalysis

Vrideo announced November 21 that it is shuttering its 360 video aggregation website and app, which had more than 700,000 installs. The ambitious site raised an initial funding round of $2 million in early 2015 from investors including Machinima co-founder Allen DeBevoise, Betaworks and Lerer Hippeau Ventures. Vrideo was apparently unable to raise any additional funding since, and simply ran out of … Read More

Greenlight Report, Issue 26: Apple Hires VR Researcher

Greenlight InsightsAnalysis

Could we see an affordable PlayStation VR? Will we be ready for the Oculus Rift come April? Those are a few questions we answer in the Greenlight Report newsletter. Click the image below to read the full issue.