Monday 3 July 2023

Meta Launch Monthly VR Service

Facebook owner Meta has launched a virtual reality (VR) subscription service as it tries to make that part of its business profitable. Meta says paying users will get access to two new games a month. For the first three months of the year, the parent company of Instagram saw a $4bn (£3.1bn) loss at its VR unit. Meta faces competition from firms including technology giant Apple, which unveiled its highly anticipated mixed-reality headset this month. On Monday, the company said the Meta Quest+ service, which costs $7.99 a month or $59.99 for an annual subscription, was compatible with its Quest 2, Quest Pro and upcoming Quest 3 headsets. Apple's headset, which will be released early next year in the US, will be priced at $3,499. That is considerably more than other headsets currently available in the market. Meta's VR headsets are priced between $299.99 and $999.99.