Oculus VR's Story Studio to Create Cinematic Virtual Reality Experiences

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Oculus VR on Monday unveiled a new project at the Sundance Film Festival in Park City, Utah. Oculus Story Studio will produce movies in virtual reality. It presented its first example of the genre on Monday evening -- a 4-minute experience called Lost . Oculus, which was founded in 2012, was acquired last year by Facebook for a reported $2.2 billion.

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