One of the big issues with creating virtual reality content and 360 degree camera content is time it takes from capturing to stitching and then to distribution.
That is where the live planet system wants to come in and make everything much more simple.
This is a prototype camera right now.
As you can see, the real version of that is going to be quite a bit smaller and much more compact.
It is an entire live virtual reality system.
So you can see everything happening live around you, either through a computer, through the cloud in a virtual reality headset.
So how this works, there are 16 lenses with synchronized sensors sitting behind them.
All of the processing, coding, and stitching itself is done through the camera.
There is an internal 512 GB storage system that is used for recording video or you can actually stream it live out to the cloud.
Now, what the cloud does is then take care of all that distribution Problem for you.
So it sends it out to whatever platform you like.
At launch, when it launches in the fourth quarter of 2016, you're gonna be able to send it out to platforms like Facebook 360, YouTube 360, the Oculus Rift, The HTC Vive and the Samsung give the [UNKNOWN].
And it's not gonna be cheap, however.
It is gonna cost around $10,000 when it's released at the end of this year, although there is a preorder system available and it's gonna be around $5,000, definitely targeted toward News makers, documentary film makers.
Rather than the everyday consumer but you get to see yourself and watch everything in live virtual reality.