Oculus founder and CEO Palmer Luckey is scheduled to make a "special announcement" during The Game Awards in Los Angeles on Thursday. The said event is an annual live streaming show that attempts to recognize excellence in game development. The host of the show announced on social media Monday that Luckey will reveal some information about the company's flagship virtual reality device called Oculus Rift.

The news about Oculus' major announcement on Dec. 3 as part of the Game Awards 2015 streaming event was posted by Game Awards founder and host Geoff Keighley on his Twitter account.

"It'll be interesting to see what Luckey has to say and announce, and if I had to guess, it would have something to do with general availability of the Oculus Rift, the flagship virtual reality device that is set to arrive sometime in early January next year," Keighley wrote, as per Tech Crunch. "Some hardcore gamers are holding out for the next step up from the Oculus DK2 instead of grabbing the Samsung Gear VR, which I've described as 'Oculus light.'"

The upcoming Oculus Rift is a virtual reality headset that will be released with an Xbox One gaming controller. It will be designed to not only support Windows-based games but can also be used with the Xbox One and Xbox 360 streaming option with a Windows 10 PC, Windows Central noted.

Aside from highlighting some of the best games of 2015 and the highly-anticipated Oculus announcement, The Game Awards, which will have a similar imaging with the MTV Video Music Awards but with more polygons and digital punching, will also feature musical performances from Chvrches and promos for next year's big games, Venture Beat has learned.

In other news, the Oculus Rift virtual reality head-mounted display, which makes you feel like you're really in a video game world, is coming in the first quarter of next year. But fans have already been eager to hear specific details about price and a release date for that device soon. And speaking of release date, Trusted Reviews suggested that the company might confirm it this week, which might be during the "Q1 2016" release window.

Furthermore, the site added that the company seemed to be unprepared to commit beyond the vague release window or reveal the launch price. But surely the only announcement most would consider "special" would be the revelation of its release date since both HTC and Sony HTC have already committed to tentative early/mid 2016 windows for their respective Vive and PlayStation VR headsets.

Meanwhile, The Game Awards goes live on Twitch and YouTube this Thursday at 9 p.m. Eastern/6 p.m. Pacific. Gaming personality Geoff Keighley hosts the event, and he has lined up some new "World Exclusives" for your thirsty eyeballs. It will also be streamed across several different platforms including Xbox Live.