Users and content developers own all the content and IP they create using Oculus services. We are not taking ownership. Our terms of service give Oculus a license to user created content so we can enable a full suite of current and future products and services on our platform, like sharing a piece of VR content with a friend. People continue to own the rights to the content and can do whatever they like with it outside of our platform. This is very clear in our terms: “Unless otherwise agreed to, we do not claim any ownership rights in or to your user content.”
At this time, there are not many places where people can upload their content to the Oculus platform. As we add more features, we’re working to understand the best ways to give people more control over how they share content in VR.
Lastly, Facebook owns Oculus and helps run some Oculus services, such as elements of our infrastructure, but we’re not sharing information with Facebook at this time. We don’t have advertising yet and Facebook is not using Oculus data for advertising – though these are things we may consider in the future.