In a brief post on Facebook Mark claims his team has worked out how to reduce the filesize up to 80% using so called Pyramids instead of cube maps. Check out the video below for more information.
360 video is a completely new experience because you can move the camera around. This opens new ways of sharing experiences and makes you feel like you’re part of what you’re watching. It’s a step towards even more immersive experiences. — Mark Zuckenberg.