Virtual Reality has long been a dream of many, and in the past few years the technology has begun to be adopted in fits and starts.

And yet, it has not found generalized mass market adoption for a host of reasons, one being its often prohibitive price point.

Sony's PlayStation VR 2 product (PSVR2) most definitely does not seek to change that.

Let's talk about markets, technology, and foolish decisions.

It's all about markets today...in Virtual Legality.

#virtualreality #vr #psvr2

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*** CHAPTERS 00:00 Introduction 0:42 Pricing Problems 10:56 Game Library Problems 18:19 Rationalizations 26:40 Conclusion 

*** Discussed in this episode:

TWEETS

https://twitter.com/HoegLaw/status/1587798540952150017

https://twitter.com/HoegLaw/status/1587801807987900416

https://twitter.com/HoegLaw/status/1587801980113657857

PRICE ANNOUNCEMENT

https://blog.playstation.com/2022/11/02/playstation-vr2-launches-in-february-at-549-99/

SOFTWARE SUPPORT ANNOUNCEMENT https://blog.playstation.com/2022/11/02/11-new-ps-vr2-games-announced-the-dark-pictures-switchback-vr-cities-vr-enhanced-edition-crossfire-sierra-squad-and-more/

https://en.wikipedia.org/wiki/Cosmonious_High

https://www.lightbrigadevr.com/

https://www.oculus.com/experiences/quest/2708465082504733/

WEBSITES/ARTICLES

https://www.oculus.com/blog/meta-quest-2-pricing-changes/

https://www.bestbuy.com/site/playstation-5/ps5-consoles/pcmcat1587395025973

https://www.polygon.com/23356951/psvr2-not-backward-compatible-psvr-games

https://www.polygon.com/23350507/playstation-vr2-ps5-hands-on-horizon-resident-evil-village

https://www.cnn.com/2022/10/30/investing/stocks-week-ahead/index.html

https://www.nytimes.com/2022/10/31/business/economy/eurozone-inflation-gdp.html

*** "Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE: https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

*** Twitter: @hoeglaw Web: hoeglaw.com