Oculus is no longer focusing on internal content production to the same degree. Facebook has decided to shut down the company’s Story Studio, meaning Oculus is exiting the virtual reality film production business. It’ll focus on supporting external production endeavors.
Story Studio was responsible for a few popular short VR films. It helped show the potential for virtual reality in the area of film.
Oculus is still going to have some connection to content creation since it’ll fund external projects and support networking. $50 million is being dedicated to non-gaming VR content development.
But it’s primary goal is to improve “AR and VR hardware and software.”
