Controling the hardware and content may allow iQiyi to engage with users in a unique way.
Chinese video entertainment company iQiyi is taking the novel approach of a media platform getting into the hardware business.
CNBC tested out the device, and the immediate takeaway was how light the Qiyu 2S felt. The device is still heavier than a baseball cap, but at 280 grams, or 9.9 ounces, iQiyi's VR headset doesn't have any of the heft that other devices do. During the limited test, the peripheral also didn't induce any feelings of sickness or discomfort. The headset is made by iQiyi subsidiary Qiyu and uses chips from Qualcomm.
Since its launch in 2010, iQiyi has evolved from a video streaming platform to a major production house in China for variety shows, drama series and more. The company said it had more than 87 million subscribing members at the end of 2018. At its annual conference in Beijing this week, iQiyi emphasized its plans to incorporate more technology — virtual and augmented reality, and artificial intelligence — to improve the experience for its users.
Custom VR content for iQiyi's new headset includes front-row views at pop music concerts. Users can also use the device to watch movies and shows from iQiyi's app in a virtual cinema, complete with a high-resolution projection screen and theater seats. The headset also supports Steam and some other platforms for gaming, a market in which iQiyi is working to expand.
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