May 5, 2017

Facebook shuts Oculus VR movie studio

Facebook is shutting down a studio in California created to make films and other video content for its Oculus virtual reality headset. The Oculus Story Studio will no longer create its own material but will now help others make VR-ready content. The Oculus division of Facebook would also continue to develop software and hardware to help creators working with VR, he said. Staff working for the Story Studio will be able to apply for other jobs in Facebook or look for work elsewhere, said Mr Rubin. The studio has been closed soon after Oculus founder Palmer Luckey left the company.

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