Virtual Reality is the Future of Cable

Virtual Reality is the Future of Cable

Posted under: Television

Virtual Reality is the future technology that we have all been waiting for and it's finally here in a big way! From the Samsung Gear VR that was introduced late last year to the many Virtual Reality tech companies making waves in different markets such as sports and gaming. Thankfully, the use of VR technologies is now being noticed up by cable companies who wish to implement the advanced technology into an everyday viewing option.

On May 18, 2016 Comcast Ventures offered a $3 million initial offer to take stake in and financially back Spaces, a virtual reality company led by Shiraz Akmal who is a veteran of the film and gaming industries. Akmal has experience with THQ and Dreamworks, a couple companies that are very much involved in innovation in their respective fields. Spaces is already working with several VR projects including Samsung Gear VR and PlayStation VR - two of the largest projects in the virtual reality field currently. Joining him from Dreamworks and additionally Walt Disney Imagineering is Dean Orion. With this team of visual geniuses, it was easy for Comcast to commit to a long-term relationship with the company that could prove vital to Comcast's future. "Spaces is combining remarkable capabilities, tools and creativity to push the boundaries of the VR frontier," said Director of Comcast Ventures, Michael Yang.

The best part is that Comcast didn''t stop there in their funding efforts. They are also funding NextVR (with Time Warner Inc.) which has recently been granted the rights to live stream the 2016 Kentucky Derby on their website for those interested in experiencing the event up close and personal. Last May, the event had 16 million viewers worldwide and with the addition of this technology, there may be a serious uptick in viewership.

But does all of this really mean we are close? Not quite. While these companies are funding the VR technology, it doesn't mean the companies are close to making this feature live. As Diffusion Group Senior Analyst, Joel Espelien, explained, "Pay-TV companies don't yet have a direct play in virtual reality, but they could play a significant role in monetization if they extend authenticated TV Everywhere services to VR experiences as an additional screen. This could be a good additional way to retain potential cord-cutters with things like VR experiences around sports and the premium content." Basically, we are far from the monetization stage, but there is a future in sight.

Within the next decade, there is no doubt among the leaders in technology that VR will be as basic to television plans as HD is currently. There are so many possibilities when it comes to virtual reality technology and I'm sure cable companies such as Comcast and Time Warner are happy they are on the right side of innovation for once. If this technology takes off to the point many believe it will, this could be a huge step in the right direction to draw "cord cutters" back into their cable TV plans.

Recent Posts
The Latest on Net Neutrality – Where Are We In 2021?

The Latest on Net Neutrality – Where Are We In 2021?

Net neutrality is an important issue, no matter what your personal views or political leaning. We look at the net neutrality debate in 2021.

Privacy in the Digital Age: What's At Stake and How to Protect Yourself

Privacy in the Digital Age: What's At Stake and How to Protect Yourself

Do you worry about your digital privacy? Do you know how to protect your privacy online? We look at what's at stake and how you can protect your privacy when using the internet.

Should You Cut The Cord in 2021?

Should You Cut The Cord in 2021?

More and more people are cutting the cord and scrapping their cable bill. Is going streaming only the right choice for you in 2021?

Posted under: Cable

Internet Censorship in 2021: Where The World Stands Today

Internet Censorship in 2021: Where The World Stands Today

Internet censorship looks different in different countries. We explore what censorship looks like, where it’s more prevalent and how you can overcome it.

Posted under: Internet

The Best Movie Streaming Sites for 2021

The Best Movie Streaming Sites for 2021

We’re staying in watching movies more than ever but which are the best free movie streaming sites for 2021? We look at your movie streaming options.

Posted under: Netflix, Amazon Video and Hulu

18 Fascinating Statistics About Smartphone Usage

18 Fascinating Statistics About Smartphone Usage

Smartphone use has exploded in recent years with these small devices being considered essential by many. We look at these fascinating and surprising statistics about smartphones use.

Posted under: Internet

16 Essential Internet Learning Resources for Adults

16 Essential Internet Learning Resources for Adults

Are you looking to retrain? Hone your language skills? Or simply looking to learn something new? We look at some of the best online learning resources for adults.

Posted under: Internet

Online Dating: How The Internet Changed Dating Forever

Online Dating: How The Internet Changed Dating Forever

The internet has changed how we date and meet new people. We look at how online dating has changed things for those looking for love and discuss some of the most popular internet dating sites and apps.

Posted under: Internet