1. Virtual Reality Movie Simulations
New Avenues in Media
Thomas Crain, ECS

2. We are heading for a post-scarcity economy
People will always want what they cannot have
Instead of things, people will crave experiences and status
If we cannot make people famous, we can at least give them the illusion of fame

3. Virtual Reality is the next big thinG
Up to 49 million monthly users on all platforms by 2019 (Roettgers)
Virtual reality market will reach $25 billion by 2021 (Merel)

4. People like first-person experiences
Hardcore Henry made four times its budget while getting good reviews (Tassi)
Shows like Game of Thrones have incorporated VR before

5. Introducing ClassAct Bring beloved movies into the future
First-person movie experiences
Player mimics dialogue and motions of characters

6. Scale
Will be released to platforms such as the Oculus Rift, HTC Vive (Lamkin)
Player will receive score based on quality of script-reciting, tone, motions
No branching stories (yet)

7. Limitations
Current graphics processing units cannot handle the level of real-time rendering we want
We need the intellectual property rights to adapt movies into VR experiences

8. Solutions Companies will probably just give us the rights
They want to adapt old properties into new media because low-risk, high-reward
If we wait a little bit, we can let GPUs catch up to us

9. Costs and benefits This is an unexplored territory
Potential return in millions, billions (?)
Book-to-movie rights can cost around $500k (SparkPress)
Video game development costs around $60 million (Superannuation)

10. Our qualifications We will bring on game development industry veterans
We will hire the best intellectual property lawyers
We will partner with VR headset makers
Our qualifications

11. Hire developers, intellectual property lawyers
2017
Partner with headset makers, start development
2018
Ramp up marketing
2019
Final marketing push and quality assurance
2020
Holidays 2020: Release!
Product plan Timeline

12. Goals: Achieve photorealistic rendering, have usable user interfaces using bold typesetting and transparencies (Chahine) (Photo courtesy of Forbes, Bazelevs Company)

13. Marketing will be key
People will not trust that we will deliver a quality product
In-store experiences
Market through YouTubers, Twitch streamers (Vu)

14. Chahine, Nadine. "The Role of Typography in AR and VR Experiences
Chahine, Nadine. "The Role of Typography in AR and VR Experiences." Samsung Developer Program. Samsung, 18 July Web.
Lamkin, Paul. "Best VR Headsets 2017: HTC Vive, Oculus, PlayStation VR Compared." Wareable. Wareable, 26 July Web.
Merel, Tim. "The Reality of VR/AR growth." TechCrunch. TechCrunch, 11 Jan Web.
Roettgers, Janko. "Study Predicts Fewer Than 10 Million Monthly U.S. VR Headset Users This Year, 17 Million by 2019." Variety. Variety Media, 22 May Web.
SparkPress. "Summer Blockbusters: What You Need to Know About Selling Your Book's Movie Rights." SparkPress. SparkPoint Studio, 14 Nov Web.
Superannuation. "How Much Does It Cost To Make A Big Video Game?" Kotaku Australia. Allure Media, 16 Jan Web.
Tassi, Paul. "Without Question, 'Hardcore Henry' Is The Best Video Game Movie Ever Made." Forbes. Forbes Magazine, 11 Apr Web.
Vu., Lander. "What Twitch Can Teach Brands About Marketing to Millennials." Ad Age. Advertising Age, 28 Apr Web.
Works Cited