Facebook: The Social Media Giant, Shuts Oculus VR Movie Studio

Facebook is closing down a studio in California made to make movies and other video content for its Oculus virtual reality headset.

The Oculus Story Studio will no longer make its own particular material yet will now help other people make VR-prepared substance.

The studio won a few honors for its short VR-prepared movies, one of which, called Henry, about a hedgehog’s birthday party, won an Emmy. The organization has set up a $50m (£39m) store to pay for non-amusement content.

It said the conclusion of the studio did not mean it was deserting motion pictures and movies made for VR.

“We’re still totally dedicated to becoming the VR film and imaginative substance biological community,” said Jason Rubin, the organization’s VP of substance, in a blog.

Mr Rubin said the firm had concluded that it would have a greater effect on the off chance that it committed itself to helping the developing number of movie producers and designers making VR craftsmanship, instead of burn through cash all alone innovative work.

Altogether, he stated, Oculus would burn through $250m (£193m) to help diversion creators, engineers and motion picture creators deliver VR-prepared substance.

“The Oculus division of Facebook would likewise keep on developing programming and equipment to help makers working with VR,” he said.

“Staff working for the Story Studio will have the capacity to apply for different employments in Facebook or search for work somewhere else,” said Mr Rubin.