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Facebook's Virtual Reality Unit Shutters Film Studio

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Facebook Inc's virtual reality content production unit, called Oculus' Story Studio, is shuttering its doors to shift focus on supporting external content makers. The move comes two years after the in-house studio launched. Oculus makes virtual reality headsets Rift and Gear VR, and will allocate 50 million dollars to directly fund creators of non-gaming VR content. The company's vice president of content said Oculus is "still absolutely committed to growing the VR film and creative content ecosystem." Facebook paid three billion dollars to acquire Oculus and keep its employees in 2014.http://feeds.reuters.com/~r/reuters/e...http://www.wochit.comThis video was produced by YT Wochit Tech using http://wochit.com


entertainmentNews Oculus Facebook Inc Virtual Reality Headsets Mixed Reality Display Technology Samsung Gear VR Film Festival Oculus Headset Facebook. Jason Rubin
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