Yesterday, in a blog post over on their site, Oculus announced that it is shutting down its VR film project, Story Studio. Oculus explain the decision by stating that they are now choosing to support external projects rather than producing content internally. The studio has been responsible for creating a number of VR shorts including Lost, Henry, and Dear Angelica.

In the post Oculus assures that it is still committed to non-gaming applications of VR.

Last year, we committed an additional $250M to fund VR content from developers all over the world. That investment supported games like Robo Recall, Rock Band VR, and Wilson’s Heart, plus powerful VR experiences like Through the Ages from Felix & Paul and the Follow My Lead experience featuring the 2016 NBA finals.

We’re going to carve out $50M from that financial commitment to exclusively fund non-gaming, experiential VR content. This money will go directly to artists to help jumpstart the most innovative and groundbreaking VR ideas.

This update follows the news that Oculus will be skipping E3 this year.

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