"Meta and LG Accelerate XR Business with Next-Gen Device Partnership"

Meta and LG have confirmed a partnership to develop a next-generation XR device, with discussions including business strategies and considerations for XR device development. The collaboration aims to combine Meta's platform with LG's content and service capabilities from its TV business to create a distinctive ecosystem in the XR domain. This move could potentially bring streaming services to the Quest platform, including popular services like Netflix, Disney+, and Prime Video. The partnership follows Meta's previous collaborations with consumer electronics companies such as Samsung and Google, indicating a growing competition in the high-end headset market.