Studio People Can Fly phases out VR games, citing retreat in investments from platform holders

Polish video game developer People Can Fly — known for their own developed titles like Gears of War: Judgment and Bulletstorm — has had a small but notable run publishing virtual reality titles based on both new and old properties. Last year, the studio put out Bulletstorm VR developed by a subsidiary named Incuvo to mixed reviews. But those reviews aren’t what the studio cites as it packs up its VR plans, according to its latest financial disclosure. In the statement, titled “PCF Group S.A.’s decision to phase out its VR game publishing business,” People Can Fly advises that the studio’s management board has conducted an analysis of their investments in VR platforms and has identified a change “consisting in a significant reduction in investments in the production of new VR games by VR platform holders.” In other words, platform holders like PlayStation, Meta, and Valve are not investing the money for new games from their VR platforms in the amounts that they previously did. As such ... Read full article.