Oculus Story Studio alum return with a new cinematic VR company
Last year, Oculus shut down its award-winning Story Studio , which was dedicated to creating bold new cinematic VR experiences. Rather than drifting apart, though, members of the team stuck together, and today they're announcing their new outfit, Fable Studio . It'll be making its debut at the Sundance Film Festival tomorrow with a VR adaptation of Neil Gaiman's The Wolves in the Walls. The studio has four additional projects in the works, but even more importantly, it's hoping to do something new with cinematic VR: Break even. Fable Studio plans to charge people $1 for every 10 minutes of its content. The company sees it as being a bit more fairly priced than existing VR experiences, which can range from $3 to $15 for relatively short experiences. (Call it the early adopter tax.) There are also a slew of free VR content on the market, but that's not sustainable in the long term. Edward Saatchi, Fable's co-creator and a former co-founder of Oculus Story Stud...