In a company blog post, Oculus' vice-president of content, Jason Rubin, said that the company had chose to shift its focus away from internal content creation to "support more external production".
The Story Studio's first project was Lost in early 2015, followed by the Emmy award-winning Henry, about a cute hedgehog having a birthday party, in 2016.
Announcing the tactical retreat Oculus VP of Content Jason Rubin commented: "After careful consideration, we've made a decision to shift our focus away from internal content creation to support more external production".
Story Studiolaunched previous year as Oculus VR's attempt to boost the popularity of virtual reality for non-gaming use, something Facebook founder Mark Zuckerberg pushed heavily as a core part of his vision following the company's acquisition.
'Made in India' South-Asia satellite to launch on 5th May
Experts say "Pakistan has missed an opportunity" since its own space program is now in a primitive stage as compared to India's. As per sources in the Indian space agency, the countdown for the launch of South Asia Satellite will begin on Thursday morning.
'Baahubali 2' collects over Rs 400 crore in opening weekend
Going by numbers from North America, Baahubali-2 has emerged as first Indian film to breach $10 million mark in its first weekend. The film remains unstoppable with houseful shows even after the weekend and looks like the craze is here to stay for a while.
Instead of creating its own content, Oculus said it will provide financial resources to the tune of $50 million to third parties looking to develop "non-gaming, experiential VR content". Among the projects that had been in development within the unit was a virtual reality adaptation of Neil Gaiman's The Wolves in the Walls.
But in the years since, competitors such as PlayStation VR and HTC Vive have surged and Oculus headsets have not sold as well as the company had hoped. Critically, it did just that, with the likes of Dear Angelica - a story of a teenage girl told through a multi-dimensional series of paintings.
Oculus Stories was responsible for the majority of short, not-very-interactive VR films available on Oculus Rift's download store in its first year of existence. "The closure of this short film-centric studio probably makes sense in the long run". He added that this money will go directly to the artists to "jumpstart the most innovative and groundbreaking VR ideas...."
In its unhappy ending, Story Studio couldn't even manage to be original. The move marks a shift in Facebook's policy as the company branches off from being one that focuses on the creation of VR content to one that propels it by other means. Story Studio had about 50 employees and is based in Menlo Park, Calif. More recently, Facebook launched Spaces - its virtual chat room, complete with cartoonish avatars, customizable environments and various multimedia offerings.
His mom stated that after leaving the service, her son overcame the "post traumatic stress disorder", he had suffered from. They were described by friends as being well-liked, according to a report by the Canadian Broadcasting Corp.
Post-World War Two, Japan barred its military from using force to resolve conflicts except in cases of self defense. Navy supply ship, which is on its way to provide fuel to the Carl Vinson Carrier Strike Group.
The importance of the meeting was bolstered by the arrival of Egyptian president Abdel Fattah El Sisi in Abu Dhabi on Wednesday. The United Arab Emirates , along with Egypt, have backed Hifter, who Russian Federation also has sought to cultivate.
Some at Fox believed Shine gave the network stability and continuity as it was buffeted by the Ailes and O'Reilly episodes. In a statement, Fox's Rupert Murdoch said Shine's departure marked a "significant day for all" at the company.
Elite Daily reached out to a representative for Soules on the allegation, but did not hear back at the time of publication. Soules is a longtime resident of Arlington, IA, where his family owns and operates a farm.
Topeka police said Bulmer was exiting his vehicle to speak to the child when the child fell into the pond. Police said he'd wandered away from a parent, who was looking for him at the time of the rescue.
There were concerned about their safety, and did they unreasonably use force to deprive him of his of his civil rights? That investigation - announced Wednesday - will focus on whether the officers' actions violated any state laws.
Days later, Ermold and Moore - who filmed their repeated attempts to get a license from Davis - filed a lawsuit against Davis. Ermold and Moore want Davis to pay damages for the emotional distress caused by her refusal to issue them a license.
Video of the crash shows the plane glide toward the busy road before striking telephone wires and a traffic light pole. Share story A small plane crashed Tuesday afternoon in Mukilteo, damaging several cars, police are reporting.
The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.38 by $0.06. Deutsche Bank AG initiated coverage on shares of Yum China Holdings in a research report on Friday, February 24th.
Furthermore, escorting the USA ship was not the main mission, as the MSDF vessels were on their way to the event in Singapore. An embassy official said Mike Pompeo and his wife were in the South Korean capital on Monday, but wouldn't say for how long.
Meteor Shower Will Light Up The Skies Starting TONIGHT
What are the Eta Aquarids? The meteors stem from Eta Aquarri, one of the brightest stars in the constellation Aquarius. Although observable in the night sky, people from around the world will see different views of the meteor shower.
Google agrees to pay $335 million in Italy tax dispute
Finance Minister Michel Sapin said past year that France will not negotiate with Google but will follow the court. It comes just two years after Apple coughed up €318 million for taxes owed to the Italian authorities.
White House dismisses chief usher, 1st woman to hold post
Douglas Brinkley, a presidential historian at Rice University, hypothesized that Reid was sacked over Trump's paranoia. But when her colleagues arrived at work today, they were told that Reid's time at 1600 Pennsylvania Avenue was over.
WH Preparing to Sign Religious Liberty Order Thursday
Conservative hope arose after a four-page draft copy of a religious freedom order was leaked to the press in early February. The executive order would also establish a new bureau to protect "religious freedom", within the Justice Department.
Dozens trapped as coal mine explodes in Iran
Delegations have visited Tehran from foreign countries including the Czech Republic, hopeful for contracts. They are being supported by the Red Crescent and it is expected that there will have been some deaths.