Verizon Communications Inc. (VZ) launched its 5G Ultra Wideband (UWB) network in 19 U.S. cities last December 17. This technology aims, as per VZ, to transform the previous generation of cellular technology — delivering a speed of up to 940 Mbps. Today, as VZ revolutionize the telecommunications spectrum, the company partnered with Walt Disney Studios StudioLAB and ILMxLAB in bringing a whole new perspective to live entertainment experiences.
In January 2019, Verizon announced its partnership with StudioLAB to come up with new business models and solutions “to advance entertainment production and storytelling through 5G.” And, with the recently premiered Star Wars: The Rise of Skywalker, both companies exemplified how 5G revolutionize the entertainment experience from production to the red carpet.
The recently released Star Wars movie featured innovative technology backed by 5G. ILMxLAB created the virtual Sith Jet troopers based on an authentic Star Wars environment through 5G. Production cameras used in The Rise of Skywalker were linked to devices that are connected to the 5G UWB.
5G also powered the Star Wars: The Rise of Skywalker red carpet experience. The technology powered the delivery of high definition video from the cameras down to broadcast truck that served uninterrupted live streaming on Youtube, Facebook, and Twitter. Verizon’s RYOT used 5G to create virtual figures, such as the Star Wars troopers that were projected on a large LED screen, with actors operating the motion at Verizon’s Media 5G studio. People can also interact with these virtual figures that were made possible by the technology’s low latency.
Verizon Stock Round Up shows good sign going to 2020
VZ’s 5G deployment could be the start of a potential breakout. Yesterday, Verizon closed trading at $60.78. In retrospect, VZ’s stock played at an increased rate of 10% since November 2018, and up to this point, the stock has done nothing but ping back-and-forth.
However, this signifies a potential opportunity for VZ to catch up with its sector. As of today, Verizon added 8.3% shares as compared to the overall industry growth of 18.1% this 2019.
Verizon’s growth will most likely be powered by the company’s focus on capitalizing on innovative technology solutions across the IoT and telecommunication ecosystem.
