What does the closure of Oculus Story Studio mean for VR filmmaking?

With Oculus’s place at the forefront of virtual reality technology becoming shakier with the departure of its CEO Palmer Luckey, the news that the company was shutting its filmmaking division, Story Studio, was a surprise. Some have accused Facebook — the company which owns Oculus — of being behind the move, as a way of prioritizing the social functionality of VR. Whatever the motive, what was hailed at its inception as “the Pixar of virtual reality” is no longer a going concern. But will the former Oculus Story Studio staff — who counted former Pixar employees amongst their number —…

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