IMAX VR’s Death Is An Important Cautionary Tale For The Location-Based Scene

December 18, 2018 | 160 views

In August 2016 IMAX Chief B.D. Officer Rob Lister revealed an exciting forecast for the company’s VR plans. He envisioned a world in which the latest blockbusters would be accompanied by VR ‘companion pieces’, which moviegoers could see alongside the film for a slightly higher price. He name-dropped movies like Avatar 2 and directors such as Christopher Nolan, saying they would give creators VR cameras to shoot this content. Like the traditional IMAX experience, the company wanted to create high-end movies that gave you a reason to visit theaters.Following a sheepish roll out in 2017, IMAX spent the latter half of 2018 slowly dismantling its handful of global locations. Despite a positive reaction from customers, the company had already expressed disappointment in the numbers of visitors it had managed to attract. By November, it was down to less than half of the centers it had initially opened. The writing had been on the wall for some time.

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Adventure Works

Adventure Works is an American production company owned by Jeffrey Ashbrook. It specializes in theme park ride design and is responsible for designing and developing media for several of the largest entertainment properties in the world.

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Spotlight

Adventure Works

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IMAX Down To Four VR Centers With New York Closure

UploadVR | October 29, 2018

IMAX’s VR Centers are now down to just four locations following its most recent closure.A statement issued UploadVR reads: “With the launch of the IMAX VR pilot program our intention was to test a variety of different concepts and locations to determine which approaches work well. After a trial period with VR centers in multiplexes, we have decided to conclude the AMC Kips Bay 15 IMAX VR pilot run.”IMAX’s VR Centers are essentially VR arcades that let people pay to experience titles like Beat Saber, Raw Data and Star Wars: Trials on Tatooine. The company had once planned to also offer cinematic VR content that would serve as companion pieces to current movie releases, though it also recently transpired that the company’s VR camera project with Google had been canceled too.But this is far from the first closure for these VR centers. Back in August IMAX also shut down its other New York location as well as one in Shanghai, China. At the time, CEO Richard Gelfond stated that, while reaction to the centers had been positive, the “numbers just weren’t there.”That leaves locations in Toronto, Los Angeles, Bangkok and Manchester open for now. IMAX declined to comment on if these centers will stay open. That said, the company already shot down the possibility of opening more centers last week’s earnings call. “We’re not looking for new business projects,” said CFO Patrick McClymont. “We’re keenly focused on the core business. And that will be the approach for next year as well.”

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UploadVR | October 26, 2018

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UploadVR | October 26, 2018

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IMAX Down To Four VR Centers With New York Closure

UploadVR | October 29, 2018

IMAX’s VR Centers are now down to just four locations following its most recent closure.A statement issued UploadVR reads: “With the launch of the IMAX VR pilot program our intention was to test a variety of different concepts and locations to determine which approaches work well. After a trial period with VR centers in multiplexes, we have decided to conclude the AMC Kips Bay 15 IMAX VR pilot run.”IMAX’s VR Centers are essentially VR arcades that let people pay to experience titles like Beat Saber, Raw Data and Star Wars: Trials on Tatooine. The company had once planned to also offer cinematic VR content that would serve as companion pieces to current movie releases, though it also recently transpired that the company’s VR camera project with Google had been canceled too.But this is far from the first closure for these VR centers. Back in August IMAX also shut down its other New York location as well as one in Shanghai, China. At the time, CEO Richard Gelfond stated that, while reaction to the centers had been positive, the “numbers just weren’t there.”That leaves locations in Toronto, Los Angeles, Bangkok and Manchester open for now. IMAX declined to comment on if these centers will stay open. That said, the company already shot down the possibility of opening more centers last week’s earnings call. “We’re not looking for new business projects,” said CFO Patrick McClymont. “We’re keenly focused on the core business. And that will be the approach for next year as well.”

Read More

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UploadVR | October 26, 2018

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UploadVR | October 26, 2018

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