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Industry Watch: Viacom shuts down Viacom Next, their VR/AR Division and lays off staff

Industry Watch: Viacom shuts down Viacom Next, their VR/AR Division and lays off staff

In a move that has surprised quite a few, content giant Viacom has decided to shut down its VR/AR Studio division, Viacom Next. Having produced some really great VR content such as The Melody of Dust and Are Aligned. According to reports from Variety, most staffers will lose their jobs, while others will be given the chance to transfer to other parts of the media conglomerate.

While the company issued a statement saying they are ”deeply committed” to creating through new technologies, this seems more like a reshuffling of focus and staff than anything else.