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Media (R)evolutions: Virtual Reality – a future business model for newsrooms?

Darejani Markozashvili's picture
New developments and curiosities from a changing global media landscape: People, Spaces, Deliberation brings trends and events to your attention that illustrate that tomorrow's media environment will look very different from today's, and will have little resemblance to yesterday's.
 
Virtual reality (VR) in journalism is still in its early years of development. However, it has enormous potential to transform the way news content is made and consumed. Offering a new narrative form, VR has become increasingly popular in newsrooms. Is this the way of the future? Is virtual reality a feasible way to present news? Is this a lucrative stream of revenue for newsrooms?

VR is “an immersive media experience that replicates either a real or imagined environment and allows users to interact with this world in ways that feel as if they are there.” Immersive storytelling may come in a few forms such as “virtual reality,” “augmented reality” and “spherical/360-degree video.”  While early experimentation of VR in media focused on documentaries, by 2017 there is a larger variety of VR news content expanding to short features, foreign correspondence, political news coverage and others.

According to the recent report from the Reuters Institute for the Study of Journalism, further success of VR in journalism is highly dependent not only on good/diverse content, but also on the adaptation of VR headsets by consumers to fully immerse themselves in the virtual reality experience. While the experimentation of virtual reality storytelling has been on the rise, the adaptation of VR headsets by consumers is still low. It is estimated that total high-end headset sales are around 2 million worldwide. Others predict that by 2020 up to 34 million headsets will be sold, with virtual reality market reaching $150 billion in sales

Weekly Wire: the Global Forum

Kalliope Kokolis's picture

These are some of the views and reports relevant to our readers that caught our attention this week.

One International
Why transparency in the extractive industries matters for women

"Each year around the world, International Women’s Day is celebrated on March 8, with thousands of events occurring not just on this day, but throughout March to mark the economic, political and social achievements of women.

As the world marks this special day ONE spoke to Winnie Ngabiirwe, Chairperson of Publish What You Pay Uganda and Executive Director of Global Rights Alert, on why transparency in the extractives industries will benefit women in Uganda and other countries.

Winnie leads the effort to make sure revenues received for Uganda’s recently discovered oil are not wasted, and are put towards social and economic development programmes."

Quote of the Week: Jürgen Habermas

Antonio Lambino's picture

"Does participation in democratic procedures have only the functional meaning of silencing a defeated minority, or does it have the deliberative meaning of including the arguments of citizens in the democratic process of opinion- and will-formation? ... Democracy depends on the belief of the people that there is some scope left for collectively shaping a challenging future."

                    -- Jürgen Habermas
                        Leadership and Leitkultur
                        The New York Times, October 29, 2010

 

More Connected: Reaching Outside Of Academia to the “Real World”

Naniette Coleman's picture

Content aside, “Connected” is an interesting book. No, I am not talking about the artwork and nifty font choices on the cover, or the academic action photo on the dust jacket - complete with indecipherable brilliance on the dry erase board behind Nicholas Christakis and James Fowler. Yes, these may be the calling cards of a good eye-catching best seller but what I am referring to is a bit more subtle.

 


Whilst discussing “Connected” with my supervisor and colleague, Sina Odugbemi, we noted the wide-ranging appeal of their endeavor as indexed by a write up in the back.  Beneath the academic action photo of the authors is something peculiar for an “academic” text, mention of their popular media chops. Although some within the academe might look down on Christakis (Harvard) and Fowler (UC San Diego) for mentioning that their research has been “featured on The Oprah Winfrey Show, Good Morning America, the Today show, and The Colbert Report, and on the front pages of the New York Times, the Washington Post, the Los Angeles Times, the Chicago Tribune and USA Today” the mention of these largely non-academic news outlets raise interesting questions about public service oriented research and how it might be better introduced to the “real” world. Is it possible that in order to gain relevance with larger audiences that researchers need to (gasp) translate and market their work to audiences whose primary sources of information are not, well, primary sources? Is it possible that translating academic pieces for use by popular magazine, newspaper or popular TV show will get the writer a step closer to solving the problems about which they are writing? 

Sanctioned Secrecy: EurekAlert!

Naniette Coleman's picture

Is secrecy the anti-thesis of transparency or an important tool in a reformist’s toolbox? In a world struggling for transparency is there a role for secrecy.  A number of reputable medical and science journals including the Journal of American Medicine (JAMA), the New England Journal of Medicine and Science magazine seem to think so. They have been practicing the fine art of secrecy since their inception. The American Association for the Advancement of Science, "Triple A-S" (AAAS), an international non-profit organization dedicated to advancing science around the world and publisher of Science magazine, is even in on it. In fact, Triple A-S created a website to help further the cause of secrecy, more commonly called embargoed news. The site is EurekAlert! and it is currently available in both English and Chinese