A virtual reality or augmented reality experience of a scene may be decoded for playback for a viewer through a combination of CPU and GPU processing. A video stream may be retrieved from a data store. A first viewer position and/or orientation may be received from an input device, such as the sensor package on a head-mounted display (HMD). At a processor, the video stream may be partially decoded to generate a partially-decoded bitstream. At a graphics processor, the partially-decoded bitstream may be further decoded to generate viewpoint video of the scene from a first virtual viewpoint corresponding to the first viewer position and/or orientation. The viewpoint video may be displayed on a display device, such as screen of the HMD.