Earlier today Oculus announced Story Studio, its in-house production team dedicated to producing virtual reality movies. We’ve been seeing VR narrative experiences for years at this point, and while they’ve been getting more and more impressive they’ve still been iterative steps forward. Despite how much we’ve all wanted to it to happen, nothing has stood up, raised its hands, and shouted „I’m the project that proves this crazy thing could actually work.“
Source + Full Story: http://www.theverge.com/2015/1/26/7919177/oculus-lost-virtual-reality-film-sundance