After the Berlin concert of The Millennium Bell, Oldfield dedicated himself entirely to the creation of a musical virtual reality game initially called Sonic Reality, which was later renamed Music VR. Its release was initially scheduled for September 2000, although it was postponed until it was released alongside the album Tr3s Lunas, on June 3, 2002. Tr3s Lunas was released by WEA, but not by the multinational itself, as had been the case since Tubular Bells II, but by its subsidiary WEA Music Spain; this was the first of a three-album contract with this WEA subsidiary.

The record label launched an intense marketing campaign, with numerous advertisements on national television and radio stations. This campaign categorized the music as chillout, despite Oldfield's continued rejection of that label. In an interview conducted for the release of Tubular Bells III, he went so far as to say: "If I wanted to make relaxing music, I'd leave the record blank."

The album and virtual reality game were launched at the City of Arts and Sciences in Valencia, and included a chillout party at L'Hemisfèric. More than 200,000 copies of the album were sold in Spain alone, with similar figures in Germany and other countries. Despite the controversy surrounding the album, it was a notable commercial success. For this new album, Oldfield opted for a much more ethereal sound, based on soft melodies and electronic instrumentation. His signature guitars and ethereal keyboards were also present. The album's vocal track was titled "To Be Free" and was performed by Jude Sim.

The record label launched an intense marketing campaign, with numerous advertisements on national television and radio stations. This campaign categorized the music as chillout, despite Oldfield's continued rejection of that label. In an interview conducted for the release of Tubular Bells III, he went so far as to say: "If I wanted to make relaxing music, I'd leave the record blank."

In 2003, he released Tubular Bells 2003, a re-recording of his successful Tubular Bells using the technology of the time. According to Oldfield, the original recording contained many errors that the remastered versions failed to correct. Vivian Stanshall's vocals were also replaced with those of former Monty Python member John Cleese. This album was a moderate success, selling just over 50,000 copies in Spain. Following this, the musician focused on the DVD version of Tubular Bells 2003 with Dolby Digital 5.1 surround sound. When released, the LP also included the original demos from the 1971 Tubular Bells album. Later, there were reports that Oldfield planned to re-record Ommadawn in 5.1 surround sound, but in March 2004 he released a new virtual reality video game titled Maestro.