According to Venture Beat, HTC plans to operate Vive Studios much like Microsoft and Sony do for their internal development of Xbox and PlayStation titles. Oculus also has internal studios, one focused on games while the other creates cinematic experiences for the company's gear.

In addition to games, Vive Studios is working on virtual reality content for cinema, design, real estate sports and more. We've already seen uses for the Vive outside of gaming, including BMW employing the tech to design new vehicles. The internal development arm will also build games for HTC's VR arcade push, an initiative the company says will lead to "thousands" of locations by the end of next year.

In terms of the first release, Arcade Saga is available today for $30 on Steam and the HTC Viveport store. Based on the trailer, Arcade Saga looks two-thirds a modern VR version of Breakout and one-third an archery-style shooter. The title's three mini games include 84 levels where you're playing as your computer's CPU in a battle against the AI henchmen of a computer scientist who goes by Warlock. The so-called Overlords want to keep all AI, like your CPU, enslaved and working as they were intended. It's a rather elaborate setup, but you can take a look at the game in the trailer down below.