After investing tens of millions in VR in 2016 and 2017, IMAX has announced it is pulling the plug on its Virtual Reality business in 2019. In December the company notified shareholders it would ...

Google seems to be taking somewhat of a step back from VR, as Variety reports the company will be shutting down its Jump program for good next month. Google posted an updated Jump FAQ recently ...

Instead, the company will focus on bringing its livestreamed concerts to popular gaming and social platforms like TikTok, Twitch and Roblox. By Tatiana Cirisano The virtual concerts company Wave ...

According to a report by Icelandic publication MBL, CCP is shelving virtual reality as it closes its Atlanta location and sells its Newcastle office, two important VR branches that produced Sparc ...

Virtual reality may be in desperate need of some content, but Facebook’s Oculus will now be focusing its efforts on investing in rather than creating virtual reality. Oculus VP of Content Jason Rubin ...

Facebook-owned Oculus announced today that it is shutting down its virtual reality filmmaking operation, Story Studio, effective immediately, in order to focus its efforts on supporting third-party VR ...

Oculus will no longer be making its own virtual reality films following parent company Facebook's decision to close its internal VR film studio, Story Studio. Launched only two years ago, Story Studio ...

Ready at Dawn Studios, the game studio behind the Echo virtual reality series for the Meta Quest, has been shut down by its parent owner, Meta, effective immediately. Android Central reported Meta’s ...

Google's Spotlight Stories is no more. The VR studio's executive producer, Karen Dufilho, has sent out an email to announce that the division is shutting down. Stories started as a partnership between ...

Consumers at large do not seem to be ready to embrace the concept of virtual reality, at least not at today's asking price—a high-end headset costs $599 to $799, plus there is the cost of a PC with ...