Meta is closing Ready At Dawn, its first-party studio behind VR games like Echo VR and Lone Echo, Android Central reported on Wednesday. The shutdown is effective immediately. Meta acquired the studio in 2020.
As for why Meta is shutting down the studio, here’s what Android Central said:
One report in mid-July said that Meta was cutting its Reality Labs division’s budget by 20% by 2026, and an internal memo sent to Meta employees by Gio Hunt, VP Oculus Studios — seen by Android Central — supports this reasoning. A Meta spokesperson told Android Central that the cuts weren’t being made to “save money,” per se. Rather, these cuts are being made to ensure that Reality Labs stays within the new budgetary constraints and that Oculus Studios...
