Oculus has confirmed that it is "winding down" Story Studio, the company's internal development team that has in the past worked on titles such as Lost, Henry, and Dear Angelica. The news comes via a statement made by Jason Rubin, who wrote:
"We're now entering the next chapter of VR development, where new creators enter the market in anticipation of adoption and growth, and we've been looking at the best way to allocate our resources to create an impact on the ecosystem.
"After careful consideration, we've decided to shift our focus away from internal content creation to support more external production. As part of that shift, we'll be winding down Story Studio."
"Now that a large community of filmmakers and developers are committed to the narrative VR art form," Rubin continued, "we're going to focus on funding and supporting their content. This helps us turn our internal research, development, and attention towards exciting but unsolved problems in AR and VR hardware and software."