Oculus closes its VR studio, just a year after opening

Oculus Story Studio has closed, as the company shifts focus away from internal creation, to external creation.

@anthony256
Published Fri, May 5 2017 11:35 PM CDT   |   Updated Tue, Nov 3 2020 11:55 AM CST

Just over a year after opening, Oculus is closing down its Oculus Story Studio - the film division of the VR company. Jason Rubin, Facebook's VP of Content, announced the news in a blog post.

Oculus closes its VR studio, just a year after opening | TweakTown.com

Rubin said that Oculus has "decided to shift [its] focus away from internal content creation to support more external production", adding that the company will continue funding third-party filmmakers' VR projects instead. The company promised $250 million to developers, and will now dosh out $50 million for non-gaming VR experiences.

Oculus Story Studio made some great VR content in its short life, with Henry winning an Emmy for outstanding Original Interactive Program - something both my young daughters positively loved. Oculus will continue to pump out "video tutorials, production and distribution tips, as well as best practices for VR development. It will also provide developers chances to connect with other creators and bigwigs in the industry", reports Engadget.

NEWS SOURCE:engadget.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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