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Why Hollywood studios aren't strapping on VR headsets

AP

"Why Hollywood Studios Are Slow to Embrace Virtual Reality ... 'The big elephant in the room is: How do you monetize this?'" — The Wrap's Matt Donnelly and Matt Pressberg, with Sharon Taxman:

  • "So far the audience is tiny. While Greenlight projects 100 million VR devices will be shipped to consumers by 2021, Facebook's Oculus Rift and the HTC Vive shipped less than 1 million units combined in 2016. Both product launches fell behind projections ...
  • "The vast majority of VR revenue so far comes from sales of equipment — rather than content for that gear that studios and gaming companies might create. That may change, but it will be a gradual one. ...
  • "VR content doesn't come cheap ... The technology is still young — and sometimes glitchy ... Theater owners are leery ... No star power ... Early experiments are cool, but where's the 'Avatar' of VR?"

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Why it matters: Miami's inclusion of bitcoin as a way to pay city employees or as part of the city's emergency cash holdings, as Suarez has proposed, would add legitimacy to the cryptocurrency and further entrench it in the U.S. economic system.

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Miami mayor acknowledges Big Tech plans could hurt the city's poor

Photo: "Axios on HBO"

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What he's saying: "Gentrification is real," Suarez told "Axios on HBO." But even with his efforts to promote affordable housing, he argues that "government has a limited amount of resources and a limited amount of ability to stop things that are market driven."

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Trump's assault on Chinese tech left loose ends galore

Illustration: Sarah Grillo/Axios

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Why it matters: The Chinese and American tech industries are joined at the hip in many ways, and that interdependence has shaped decades of prosperity. But now security concerns and economic rivalries are wrenching them apart.

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