Meta Closes First-Party VR Studio
Ready at Dawn, the studio behind the Echo VR series, is being shut down.
The closure is part of Meta's cost-cutting measures as the company faces challenges in the VR market.
Meta is closing its first-party VR studio, Ready at Dawn, the company confirmed on Tuesday. The closure is part of Meta's larger cost-cutting measures as the company faces challenges in the VR market.
Ready at Dawn was founded in 2003 and was acquired by Meta in 2020. The studio is best known for developing the Echo VR series, a multiplayer VR game that has been praised for its innovative gameplay and immersive experience.
The closure of Ready at Dawn is a significant setback for Meta's VR ambitions. The company has invested heavily in VR in recent years, but it has yet to see a significant return on its investment. The VR market is still relatively small, and Meta faces competition from other tech giants such as Sony and Microsoft.
The closure of Ready at Dawn is also a blow to the VR community. The studio was one of the leading developers of VR games, and its closure will leave a void in the market.
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