In total, he said, Oculus would be spending $250m (£193m) to help game makers, developers and movie makers produce VR-ready content. Facebook is shutting down its California-based Oculus Story Studio, which it started to create video content for its Oculus Rift virtual reality (VR) headset. The studio is now pivoting to help external filmmakers create VR content, but remains "absolutely committed to growing the VR film and creative content ecosystem," according to a blog post by Jason Rubin, Oculus's VP of Content. Rubin said that while he doesn't know exactly how many people will lose their jobs, "it could be significant."
Facebook is shutting down its California-based Oculus Story Studio, which it started to create video content for its Oculus Rift virtual reality (VR) headset. The studio is now pivoting to help external filmmakers create VR content, but remains "absolutely committed to growing the VR film and creative content ecosystem," according to a blog post by Jason Rubin, Oculus's VP of Content. Rubin said that while he doesn't know exactly how many people will lose their jobs, "it could be significant."