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Paul Mampilly is an American investor, former hedge fund manager and winner of the prestigious Templeton Foundation investment competition. Paul has been featured on CNBC, Fox Business News and Bloomberg TV. He is the founder of the popular investment newsletter Profits Unlimited, ... more

Virtual Reality Will Reshape Entertainment

Date: Thursday, October 19, 2017 3:24 PM EST

Suddenly, I was in the middle of a murder mystery.

There were clues that I examined with my hands.

In another adventure, I took a space walk. It was a disaster. I was unable to get my jetpack going and ended up marooned in outer space.

But my favorite part was when I turned into a tree.

I grew from a seed. Traveling through the soil, I burst through the ground. Soon, I was the highest branch. I could see birds flying overhead in the sky.

Then, just as I got comfortable, I started to feel the ground underneath me shake. And to my horror, I realized I was being cut down for wood.

Each of the experiences I just described were made possible by an incredible technology that’s going to reshape entertainment.

Soon, everyone will be able to experience what I did — and so much more — all without ever having to go anywhere.

Because in time, what I just described is going to wipe out the current versions of television, movies and video games.

And investors who understand how big this technology is going to be stand to make a fortune.

Huge Improvements

This technology is virtual reality (VR) and augmented reality (AR).

Some of you may already own a VR headset and use it for simple games. There’s no question that, right now, the games and visualizations need to be improved.

The companies that are making headsets know this. And they are investing huge amounts of money to improve their hardware and software.

A recent report from Investor’s Business Daily says that Facebook Inc. (Nasdaq: FB) is spending $5 billion a year to improve its Oculus Rift VR headset.

In September 2014, Microsoft Corp. (Nasdaq: MSFT) spent $2.5 billion to buy Mojang, the maker of the phenomenally popular Minecraft game.

Minecraft is a building block game that allows you to create your environment. Microsoft bought Mojang to help it enhance its VR/AR capabilities.

IDC, the reputed research company, now estimates that VR/AR is going to generate $14 billion in sales in 2017. However, according to their research, this is going to rocket higher to $143 billion by 2020.

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