Facebook closes Oculus VR movie studio

Facebook is shutting down its VR studio in California which created films and 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 social media giant said the closure of the studio did not mean it was abandoning movies and films made for VR.  “We’re still absolutely committed to growing the VR film and creative content ecosystem,” said Jason Rubin, the company’s vice president of content, in a blog.

Rubin explained the Facebook had decided that it would have a bigger impact if it dedicated itself to helping the growing number of film makers and developers creating VR art, rather than spend money on its own creative work.

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