Facebook owner Meta launches virtual reality subscription service

WASHINGTON — Fb proprietor Meta has launched a digital actuality (VR) subscription service because it tries to make that a part of its enterprise worthwhile.

Meta says paying customers will get entry to 2 new video games a month.

For the primary three months of the 12 months, the mum or dad firm of Instagram noticed a $4bn (£3.1bn) loss at its VR unit.

Meta faces competitors from corporations together with expertise big Apple, which unveiled its extremely anticipated mixed-reality headset this month.

On Monday, the corporate stated the Meta Quest+ service, which prices $7.99 a month or $59.99 for an annual subscription, was suitable with its Quest 2, Quest Professional and upcoming Quest 3 headsets.

In 2021, Meta chief government Mark Zuckerberg unveiled plans to construct a “metaverse” – a web based world the place individuals can play video games, work and talk in a digital atmosphere, typically utilizing VR headsets.

“Over time, I hope that we’re seen as a metaverse firm and I need to anchor our work and our id on what we’re constructing in the direction of,” Mr Zuckerberg stated.

In February final 12 months, Meta unveiled a number of bold synthetic intelligence tasks, and Mr Zuckerberg described AI as “the important thing to unlocking the metaverse”.

The corporate reported a revenue of $5.7bn for the primary three months of this 12 months, surpassing market expectations.

Nevertheless, its Actuality Labs division, which produces VR headsets and different merchandise, reported a web lack of $4bn for the interval.

Earlier this month, Apple unveiled its Imaginative and prescient Professional mixed-reality headset, in its first main {hardware} launch in nearly a decade.

Apple’s headset, which can be launched early subsequent 12 months within the US, can be priced at $3,499.

That’s significantly greater than different headsets at present out there available in the market. Meta’s VR headsets are priced between $299.99 and $999.99. — BBC

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