Meta Platforms Launches Membership Service Center for VR Gamers

Meta Platforms embarked on a groundbreaking endeavor by introducing Meta Sphere, a virtual reality (VR) gaming subscription service, aimed at bolstering its revenue stream.

Key TakeAway

• Meta Platforms unveiled a novel offering: a VR gaming subscription service.
• The package comes with a price tag of $7.99 monthly or a discounted annual fee of $59.99.
• This strategic maneuver has the potential to enhance Meta's income flow.

The corporation unveiled Meta Sphere Elite, an exclusive membership granting subscribers access to a carefully curated selection of two VR titles every month. The subscription can be obtained for $7.99 per month or a reduced yearly cost of $59.99. Early birds who register before July 31st will enjoy the introductory offer of the first month priced at a mere $1.

As long as users maintain active Meta Sphere Elite subscriptions, they will retain possession of the games indefinitely. Meta proudly touts this initiative as "the ultimate cost-effective method for expanding your personal library with phenomenal content."

Meta Sphere Elite is compatible with the acclaimed Quest 2 and Quest Pro headsets and will extend its availability to owners of the upcoming Quest 3, slated for release in the autumn. The subscription will be exclusively sold through the Meta Quest Store, ensuring a seamless user experience.

Despite this significant development, Meta Platforms witnessed a slight setback in its shares, with a 3.6% decline on Monday following a 16-month peak achieved on Friday.