Virtual reality is going to boom over the rest of this decade. The gaming industry will drive it into the consumer space over the next few years, to wide adoption. That'll dramatically increase the money being put toward the industry, leading to an ever faster cycle of improvement.
Hollywood will follow the gaming industry on this technology wise. I'd predict that within 10 to 15 years, we'll see movies attempting to build out virtual reality experiences in theaters. For $30, they'll put you into an immersive VR version of the Avengers sequel that exists at the time.