Many investors were baffled when Facebook announced its $2 billion acquisition of Oculus VR last year -- virtual reality headsets seemed like an odd strategic fit for the core advertising business of ...

Facebook’s VR subsidiary Oculus is shutting down its VOD efforts on is Oculus Rift headset this week, and is reimbursing anyone who has bought titles in the past. Oculus told Rift users in an email ...

The short is one of the narratives that will be available for the Rift VR head set when it is released in early 2016. By Carolyn Giardina Tech Editor Henry, a 10-minute animated virtual reality ...

Facebook is reportedly holding talks with Hollywood studios and directors with the aim of bringing custom-made virtual reality movies to its Oculus Rift headset. The social network is approaching Fox, ...

Oculus was a virtual reality company founded by Palmer Luckey. It was acquired by Facebook, now known as Meta, for $2 billion in cash and stock. Virtual reality has been a major initiative for Meta.

When Oculus VR started to seriously consider its future as a business, it laid out two roadmaps. The first one is what vice president of product Nate Mitchell describes as "the plausible," a baseline ...