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Meta is reportedly rethinking its VR strategy, cutting funding for some studios
According to a report, Meta is rethinking its VR content funding, which has forced some studios to lay off staff.
To back up its claim, The Information cites two examples of affected third-party studios: Dutch studio Monks, which develops worlds for Horizon Worlds, and Paris-based production house Atlas V, which specializes in VR films and experiences and released its first full VR game in 2023 with Wallace & Gromit in The Grand Getaway. The Information also mentions the closure of Meta's own VR studio Ready at Dawn this summer as part of the same strategy shift. Meta is now said to prioritize so-called lifestyle apps through a new mixed reality accelerator as well as certain games that it believes could have a broader appeal.
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