A bad bet? Facebook is shutting down its award-winning VR studio
Facebook has decided to shut down its award-winning virtual reality studio, Oculus Story Studio.
What this means for you
VR fans might worry that the closure of the ‘Pixar of VR’ means less content for them to enjoy, but it’s not quite so clear-cut.
Facebook says it will use the $50m that was going to Story Studio to invest in other studio’s interactive content.
Mark Zuckerberg will miss his previous investment promise of $250m, and could be feeling less confident about our glorious VR future.
“After careful consideration, we’ve decided to shift our focus away from internal content creation to support more external production.”
– Oculus VP of Content, Jason Rubin told TechCrunch.
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