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The catalyst for this new era was the pandemic of 2020-2021. With venues shuttered, live entertainment faced extinction. In desperation, artists turned to popular media—specifically streaming—as a lifeline.

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According to a report by MarketsandMarkets, the VR market is expected to grow from $1.4 billion in 2020 to $44.7 billion by 2025, with the entertainment industry being a major driver of growth. AR experiences are also becoming more popular, with companies like Disney and Universal Studios incorporating AR into their theme park experiences. The catalyst for this new era was the pandemic of 2020-2021