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Facebook’s virtual reality unit Oculus shutters film studio

May 5, 2017 By Piya Sinha-Roy LOS ANGELES (Reuters) – Facebook Inc’s virtual reality content production unit, Oculus’ Story Studio, is shuttering its doors to shift focus on supporting external content makers, the company said on Thursday, two years after the in-house studio launched. Oculus, which makes virtual reality headsets Rift and Gear VR, will allocate $50 million to directly fund creators of non-gaming VR content, Jason Rubin, the company’s vice president of content, said in a blog post. Rubin added that Oculus is “still absolutely committed to growing the…

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Facebook’s virtual reality ambitions could be threatened by court order

February 27, 2017 By Jan Wolfe (Reuters) – Facebook Inc’s big ambitions in the nascent virtual reality industry could be threatened by a court order that would prevent it from using critical software code another company claims to own, according to legal and industry experts. Last Thursday, video game publisher ZeniMax Media Inc asked a Dallas federal judge to issue an order barring Facebook unit Oculus from using or distributing the disputed code, part of the software development kit that Oculus provides to outside companies creating games for its Rift…

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Facebook’s virtual reality ambitions could be threatened by court order

February 27, 2017 By Jan Wolfe (Reuters) – Facebook Inc’s big ambitions in the nascent virtual reality industry could be threatened by a court order that would prevent it from using critical software code another company claims to own, according to legal and industry experts. Last Thursday, video game publisher ZeniMax Media Inc asked a Dallas federal judge to issue an order barring Facebook unit Oculus from using or distributing the disputed code, part of the software development kit that Oculus provides to outside companies creating games for its Rift…

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