The Morning Badger (2/27/17): Is Sony Beating Facebook in the Virtual Reality Space?


Sony VR Facebook

Here’s everything you should know to start your day:

915,000

That’s how many PlayStation VR devices Sony sold as of last week. The virtual reality headsets went on sale in mid-October of last year for $400, though they require a $250-400 PlayStation and a $100 camera/handset to operate. Facebook, on the other hand, owns Oculus VR, which requires a much more expensive PC to operate. Though Facebook hasn’t released their sales figures, analysts predict the company sold nowhere near as many headsets. Seeing as Sony likely sold twice as many devices than Oculus or HTC (another competitor in the space), coupled with the lower barrier of entry, they could become the leader in the virtual reality market, which could further demand in console/headset sales, increase revenue, and help the company’s stock. Google and Samsung also have smart phone-powered virtual reality headsets that sell for significantly less than PlayStation VR, though they are severely underpowered and can’t be used for the same applications.

Secretary of the Treasury/Executive Producer of Oscar Winners

If you caught the Oscars last night, you saw that Suicide Squad won the award for Best Makeup and Hairstyling. Tucked away in the credits of that film, however, is the fact that current Secretary of the Treasury Steven Mnuchin was an executive producer on the film. Mnuchin, a former executive at Goldman Sachs, executive produced 37 films, including a few set to release later this year. He was also the former co-chairman of Relativity Media, which has since gone bankrupt. Mnuchin’s next film, The Lego Ninjago Movie, is set for release later this summer.

Priceline’s Big Day

The Priceline Group, owners of Priceline, Kayak, OpenTable, and other widely used services, will announce their earnings after the markets close today. The company recently added Glenn D. Fogel to their executive team as CEO/President after their previous CEO, Darren Huston, resigned due to an extramarital affair. Regardless of the company’s change in leadership, their stock ($PCLN) increased by over 30% in the last year.