Hollywood Reporter – High Hopes for Virtual Reality as E3 Expo Opens in Los Angeles

Some E3 attendees were skeptical of the optimistic projections. One issue to tackle is the current lack of market penetration for VR headsets.

June 13, 2017

‘A recent forecast from PricewaterhouseCoopers suggests that virtual reality will grow to a $5 billion industry by 2021 — and $2 billion will come from the gaming industry.

So it’s not a surprise to hear Skydance Media CEO David Ellison predict that VR will “revolutionize” the interactive space. Nor is it unexpected to see a growing number of Hollywood stakeholders converging on E3, the annual Electronic Entertainment Expo kicking off Tuesday at the Los Angeles Convention Center.’

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