NEW YORK, Dec. 18, 2016 /PRNewswire/ -- The film and video production industry comprises of establishments engaged in funding and creating of mainly films, videos, television programs, and commercials. Films and videos are considered a significant source of entertainment by audiences spread across the globe. The market does not include independent or contractual producers, post-production services, and distribution.
The Americas was the x largest geographic region in the film and video production market in 2016, accounting for $x billion or x% of the global market. Asia was the x largest geographic market, accounting for $x billion or x% of the global market. Europe was the x largest geographic market, accounting for $x billion or x% of the global market. The Middle East and Africa accounted for x% and $x billion, while Oceania accounted for x% of the global film and video production market.
Virtual Reality in Filmmaking
Virtual reality is a new technological advance in the film and video industry. Virtual reality tries to replicate an environment either real or imagined, and simulates user presence through virtual interaction with an audience. It is also known to create sensory perceptions such as touch, smell, hearing and sight. Google's cardboard and Samsung's virtual reality headsets are instances of making virtual reality tools available at a large scale. The year 2016 is considered to be significant in terms of technology for the application of virtual reality in filmmaking.
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