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The Zacks Analyst Blog Highlights: Facebook, Microsoft, Sony, Nintendo and Alphabet

Beat Games will join Oculus Studios but will continue to operate as an independent studio from its Prague-based headquarter. Although financial details of the transaction have been kept under wraps, the studio will continue to provide support to Beat Saber across all current platforms. The strong potential has not only attracted video gaming console makers like Sony, Nintendo and Microsoft but also tech giants, including Facebook, Alphabet division Google, Samsung, HTC, Lenovo and others. Notably, Beat Games is one of the few successful independent VR game studios having sold one million units of Beat Saber by the end of Mar 31, 2019. In late September, the company introduced Facebook Horizon, a social VR world where users can design detailed individual avatars to interact and create their own spaces, including tropical hangout spots and interactive action arenas, using World Builder, a collection of easy-to-use tools.

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