With an increasing demand for VFX and CG. Virtual
production has been steadily evolving. COVID-19 has also accelerated
the adoption of this technology as more studios move away
from traditional filming. One of the reasons virtual studios
recently received a lot of attention is because many production
companies could not travel overseas or go on location to
film. Hollywood filmmakers including abc and paramount pictures have
already integrated this technology and Sony built its first virtual
production studio in Tokyo. So how does this type
of technology work by integrating virtual background environment into live
action footage studios reduce the need for onset production teams
and crew members, which of course cuts production costs
. Virtual production stage is a production studio where you
shoot with the floating background directly on the led wall
. It lets us produce not only movies and drama
series, but also extended reality commercials and all kinds
of other content. A joint report by the British
Film Institute and Arab says shifting to a virtual production
environment can reduce carbon emissions from transport, which accounts
for 51% of an average film production Globally. The
virtual production market was valued at$1.6 billion 2021 and
expected to reach nearly 6.8 billion by 2030 according to
Granby Research. North America so far has claimed more
than a third of the market, but Asia Pacific
is expected to grow. South korean entertainment giant C
. J. N. M, known for hit
K dramas launched its first virtual production stage in 2022
RVP stage is composed of more than 2000 micro led
panels. We can create any scene, whether it's
in the middle of the desert, the middle of
the sea or in outer space. It's part of
their growing investment in original content production following the success
of parasite and squid game. Our goal is to
use the CJ E and M Studios center where the
virtual production stage is located as a one stop production
base for all global K content. We're still in
the very early stages of virtual production. And it's
true that Hollywood Studios are ahead of us in terms
of technology because they started first, we're working hard
to catch up. Oh!