Facebook To Launch Spherical Video App, Bring Facebook VR To The Masses

  • Facebook is rumored to be working on a video app that would support "spherical" videos, halfway between video and VR.
  • The app would use smartphones' tilt sensors to look around.
  • Facebook founder Mark Zuckerberg said that Facebook would support spherical video in its news feed.
  • Spherical video is part of Facebook's ongoing video push and has tremendous potential for advertising.
  • Video is a critical part of Facebook’s overall strategy, which is likely to push FB upward.
Facebook to launch spherical video app, bring VR to the masses

The Wall Street Journal reports that Facebook (NASDAQ:FB) is rumored to be working on a video app that would support 360-degree or "spherical" videos, according to people familiar with the matter.

Spherical video does for video what Virtual Reality (VR) photography does for still pictures. It can be seen as a more interactive form of video, halfway between traditional video and VR. Spherical videos, which allows viewers to look around in a video, just like in real life, can be produced by combining multiple video cameras or using special spherical video cameras able to capture 360-degree video.

Spherical Videos Could Leverage Oculus Acquisition

Spherical video is best viewed with VR headsets like the Oculus Rift, developed by Oculus VR, which was acquired by Facebook in 2014 for $2 billion. The Rift, now available to developers, will be sold to consumers beginning Q1 2016. The VR headset will permit viewing spherical videos with a powerful sense of total, 360-degree immersion. A recent Deutsche Bank research note estimates that Oculus VR will sell about 1.5 million headsets next year, initially to hardcore video gamers.

Those who don't have a VR headset like the Rift or similar can view spherical videos on "old" systems with keyboard and mouse interfaces. See, for example, this demo video with people walking in New York City. It's easy to see how, once spherical video technology and interface hardware become more common and sophisticated, the era of VR cinema will begin.

Advanced VR has been used for some time in film industry on the production side, notably in James Cameron's Avatar (2009), but now it will be used to directly enhance the viewer's experience and to create entirely new experiences.

Los Angeles based startup Vrideo, with $1.8 million in seed funding from a group of investors including Lerer Hippeau Ventures, Advancit, Betaworks, and Nas, launched in March a video sharing service for spherical video-makers, dubbed "the home of immersive video" - the YouTube for VR. But YouTube itself has recently introduced spherical video as well.

Spherical Videos Could Take Facebook VR To The Masses

Facebook's new spherical video app would work on both iOS and Android smartphones, and use the accelerometer and tilt feature present in all modern smartphones to look around. Therefore, the mobile video app would offer a more immersive viewing experience than a laptop, but less immersive than a full VR headset. "But an app would help extend Facebook’s presence in virtual reality beyond Oculus and introduce the technology to a much larger audience," notes The Wall Street Journal.

The rumored spherical video app should be seen in the context of Facebook's recent push to challenge Google’s YouTube in online video distribution. The social network is building tools to help video publishers grow their businesses on Facebook, and recently announced platform updates aimed at giving video publishers more flexibility, analytics, and reach. CNBC noted that Facebook’s move is a game changer for content partners, which will create more content on the platform, more people viewing and potential new opportunities for advertisers. It's evident that fully immersive spherical video has awesome potential for advertising.

Fortune notes that Facebook, realizing that its users are shifting to video, has been steadily redesigning its infrastructure to make uploading and watching videos as fast and reliable as possible, to make big money from its nascent mobile video advertising push, which is a critical part of the company’s overall strategy.

In March, Facebook founder Mark Zuckerberg said that Facebook would support spherical video in its news feed, saying users would be able to "move around inside the video and view it from different angles." Zuckerberg thinks VR could be the next big wave in social media. "Immersive 3D content is the obvious next thing after video," he said in a public Facebook Q&A session in June. In the discussion, Zuckerberg gave intriguing hints at Facebook's research in Artificial Intelligence (AI) and other advanced technologies that could power Facebook in the future and have a important impact on video advertising.

It seems likely that, through this and related initiatives, Facebook could become the undisputed leader in video publishing and advertising. If that happens, Facebook's stock will soar.

Cover image licensed from 123RF

Show Full Article
5 2
Is this article helpful ?    

Author's Disclosures & Disclaimers:
  • I am not an investment advisor, and my opinion should not be treated as investment advice.
  • I am not being compensated for this post (except possibly by Amigobulls).
  • I do not have any business relationship with the companies mentioned in this post.
Amigobulls Disclosures & Disclaimers:

This post has been submitted by an independent external contributor. This author may or may not hold any positions in the stocks discussed. Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. Amigobulls has not verified the author’s positions in the stocks discussed, and does not provide any guarantees in this regard. The author may be paid by Amigobulls for this contribution, under the paid contributors program. However, Amigobulls does not guarantee the authenticity or accuracy of the information provided by the author in this post.

The author may not be a qualified investment advisor. The opinions stated in the post should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions.

Amigobulls does not have any business relationship with any of the companies covered in this post. This post represents the views of the author/contributor and may not reflect the views of Amigobulls.

show more

Comments on this article and FB stock

Do share this awesome post