Tomorrow, Oculus will be holdings its Connect event in San Jose, California. The event will be live streamed to its Facebook page and will also be a virtual experience through its own VR app.
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Although the VR space is getting exciting and more affordable, there is always the problem of cables. Oculus has shown off Santa Cruz before but has evolved the project with vast improvements.
ILMxLAB is a culmination of Lucasfilm, ILM & Skywalker Sound. There isn't a direct goal, but they are pushing the boundaries of how we will experience media & offering a new kind of storytelling.