Showbiz Sandbox 301: The Current Reality of Virtual Reality

Until the past few years virtual reality felt more like actual fiction, as proponents offered up underwhelming demonstrations which requiring expensive and cumbersome equipment. The days however, the ongoing work by the pioneers developing VR has transformed the technology into a viable platform for more than just the odd hardcore gamer.

As VR products and content make their way into the consumer market, it seems no industry trade show or film festival is complete without addressing the technology in some way. In fact, just last week, the Sundance Institute announced they would begin a residency program in VR and the New York Times launched their own VR initiative. We dive into the hype behind VR and try to make some sense out of what all the fuss is about.

Meanwhile, as the MPAA confirmed a new agreement for film distribution in China, and with the country on track to surpass North America as the world’s largest movie market in 2017, a number of organizations are claiming China isn’t abiding by international trade rules to which it had originally agreed.

Of course we also cover the week’s top entertainment news including the nominees from this year’s European Film Awards, Showtime’s plans for the revival of “Twin Peaks” and why a number of police departments are calling for their officers to boycott Quentin Tarantino’s upcoming movie.

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Showbiz Sandbox 140: Nollywood Love – Inside The Booming Nigerian Film Industry

Oil rich Nigeria may be best known for political upheavals and brutal civil wars, though over the past twenty years the country has given birth to a thriving film industry. New York Times Magazine contributing writer Andrew Rice explains that what started out as a surplus of blank VHS tapes has grown into what is now called Nollywood; the world’s third largest movie business.  Nollywood films now suffer from the same issues faced by Hollywood and Bollywood; piracy and escalating production costs.

The budget for Disney’s “John Carter” was about five thousand times that of the average Nollywood film, which is probably why a $100 million worldwide opening is seen as a bit of a disappointment. Directing his first live-action film, Pixar veteran Andrew Stanton seems to be getting most of the blame for the movie’s lack of success, though it just as easily could be pinned on a studio full of senior executives that lacked experience producing big blockbusters.

Speaking of pricey failures, Fox canceled its sci-fi series “Terra Nova”. Producers hope the show will be picked up by another network, though at $4 million per episode few can afford it.

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