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Veteran VR Studio nDreams Condenses Two Studios into One, With Layoffs for Some

Veteran VR developer and publisher nDreams announced it’s opened an internal studio, called ‘Compass’, after having closed both its nDreams Studio Orbital and nDreams Studio in September. The studio announced back in September it had laid off 17.5% of the company in a response to “a challenging VR games market, situated within a tough gaming landscape […]

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Road to VR & Scott Hayden

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Meta CTO: 2025 is a ‘Make or Break’ Year for Meta’s XR Ambitions, Internal Memo Reveals

Meta CTO Andrew Bosworth released an internal memo to employees, stating 2025 is going to be “the most critical year” for the company’s XR efforts yet, Business Insider reports. Titled “2025: The Year of Greatness”, the memo (seen below) largely takes an inspirational tone, urging Reality Labs employees to do “the best work of your career […]

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Road to VR & Scott Hayden

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Meta’s VP of XR is Departing the Company Citing Family Health Concerns

Meta’s VP of XR, Mark Rabkin, is departing the company after leading its XR efforts for more than four years. Rabkin cites family health issues as the primary driver for his departure. Today Mark Rabkin announced his plan to leave the company in March. In his public announcement he said, “devs and fans [of XR]—I […]

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‘Metro Awakening’ Studio Vertigo Games Sells Off VR Arcade Content Platform SpringboardVR

Vertigo Games, the studio behind the Arizona Sunshine series and Metro Awakening (2024), announced it’s sold off SpringboardVR, the location-based entertainment (LBE) VR content distribution platform. Vertigo Games acquired SpringboardVR in 2021, announcing at the time it was looking forward to “leading SpringboardVR into the future in this exciting phase of accelerating growth in VR.” Now, leading provider of […]

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Road to VR & Scott Hayden

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Mindshow Unveils Enterprise Virtual Production Suite for XR Animation, Former Hulu Executive Signs on as COO

Mindshow, the real-time CG animation company, unveiled its virtual production platform for enterprise partners looking to use XR headsets to speed up the animating process. The company additionally announced the appointment of David Baron as Chief Operating Officer, a founding executive at Hulu, and industry veteran of Fox Digital Media, Paramount, and Microsoft. You might […]

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Road to VR & Scott Hayden

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Meta Reality Labs Saw Record Quarterly Revenue in Q4 2024, But Also Record Costs

In its quarterly financial results today, Meta revealed that its Reality Lab division saw its best ever Q4 revenue but, as before, this coincides with equally growing costs. Meta’s Reality Labs division houses its metaverse and XR groups, and some of its AI initiatives. During its Q4 2024 earnings call, Meta revealed that Reality Labs […]

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VR Veteran Fast Travel Games Announces Layoffs, Citing Lower Than Expected Sales in 2024

Fast Travel Games, the Stockholm-based developer and publisher behind a host of VR titles, announced they’re laying off 30 employees, which the VR veteran studio says is a direct result of lower-than-expected sales in 2024. The studio says affected include publishing, marketing and admin positions, noting however the studio as a whole will be impacted […]

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Road to VR & Scott Hayden

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Google’s HTC XR Talent Grab Raises Questions About HTC’s Next Move

Google has acquired a number of HTC’s XR engineers, something the company says will “accelerate the development of the Android XR platform across the headsets and glasses ecosystem.” Google’s announcement of Android XR last month represents a critical shift in the competitive landscape, as Samsung will ostensibly be the first to launch a headset running Android XR. […]

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Road to VR & Scott Hayden

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Snap Makes Spectacles AR Glasses More Affordable for Students & Teachers

Snap, the company behind Snapchat, is making its latest Spectacles AR Glasses more affordable to students and teachers with a new educational discount that cuts the $1,200 launch price in half. Initially released in September 2024, the company’s fifth-gen Spectacles (called Spectacles ’24) are primarily targeted at developers, priced at $100 per month for a […]

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Road to VR & Scott Hayden

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Snap Makes Spectacles AR Glasses More Affordable for Students & Teachers

Snap, the company behind Snapchat, is making its latest Spectacles AR Glasses more affordable to students and teachers with a new educational discount that cuts the $1,200 launch price in half. Initially released in September 2024, the company’s fifth-gen Spectacles (called Spectacles ’24) are primarily targeted at developers, priced at $100 per month for a […]

The post Snap Makes Spectacles AR Glasses More Affordable for Students & Teachers appeared first on Road to VR.

Road to VR & Scott Hayden