A 100 years after they began telling stories on film, the movie business is rapidly embracing the virtual reality wave to move beyond telling stories and into creating immersive storytelling experiences.
Currently, major Hollywood studios like Lionsgate, Warner Brothers, Disney and 20th Century are creating virtual reality studio divisions looking at how they can incorporate virtual reality into the filmmaking process to create immersive experiences through film.
Disney Studios is especially is bullish on the possibilities of VR films, recently investing $65 million into virtual reality hardware and content startup, Jaunt.
From Ground Zero, Derek Baird shares his perspective about studios embracing Virtual Reality. It's a concept we're exploring inside the creative multimedia degree with the Limerick School of Art and Design.