GearVR loading Splash screen no longer working in 4.16

I just tried the Epic 4.16P1 binary and the splash screen no longer shows

My DefaultEngine.ini config:

[Oculus.Splash.Settings]
bAutoEnabled=True
TexturePath=/Game/Textures/loadingScreen_gearvr.loadingScreen_gearvr
DistanceInMeters==(X=1.0, Y=0.0, Z=0.0)
SizeInMeters=(X=0.2, Y=0.2)

what I see in the log:

04-27 21:20:06.563: D/UE4(22846): [2017.04.27-19.20.06:580][  0]LogInit:Display: Starting Game.
04-27 21:20:06.563: D/UE4(22846): [2017.04.27-19.20.06:580][  0]LogNet: Browse: /Game/FirstPersonBP/Maps/GameMap?Name=Player
04-27 21:20:06.563: D/UE4(22846): [2017.04.27-19.20.06:580][  0]LogLoadingSplash: Loading begins
04-27 21:20:06.563: D/UE4(22846): [2017.04.27-19.20.06:581][  0]LogHMD: FGearVRSplash::Hide
04-27 21:20:06.563: D/UE4(22846): [2017.04.27-19.20.06:581][  0]LogLoadingSplash: Loading texture for splash /Game/Textures/loadingScreen_gearvr.loadingScreen_gearvr...
04-27 21:20:06.563: D/UE4(22846): LogStreaming:Error: Couldn't find file for package /Game/Textures/loadingScreen_gearvr requested by async loading code. NameToLoad: /Game/Textures/loadingScreen_gearvr
04-27 21:20:06.563: D/UE4(22846): [2017.04.27-19.20.06:581][  0]LogStreaming:Error: Couldn't find file for package /Game/Textures/loadingScreen_gearvr requested by async loading code. NameToLoad: /Game/Textures/loadingScreen_gearvr
04-27 21:20:06.563: D/UE4(22846): LogUObjectBase:Warning: NULL object
04-27 21:20:06.573: D/UE4(22846): [2017.04.27-19.20.06:583][  0]LogUObjectBase:Warning: NULL object
04-27 21:20:06.573: D/UE4(22846): LogUObjectBase:Warning: NULL object
04-27 21:20:06.573: D/UE4(22846): [2017.04.27-19.20.06:583][  0]LogUObjectBase:Warning: NULL object
04-27 21:20:06.663: D/UE4(22846): +++++++ PushBlack() ++++++, On RT! tid = 22902, final = 
04-27 21:20:06.673: D/UE4(22846): ------- PushBlackFinal() ------
04-27 21:20:06.673: D/UE4(22846): [2017.04.27-19.20.06:689][  0]LogHMD: FGearVRSplash::PushBlackFrame
04-27 21:20:06.673: D/UE4(22846): [2017.04.27-19.20.06:689][  0]LogHMD: FGearVRSplash::Show

It seems it can't find the loadingscreen texture but it is definitely there. This worked in 4.15 and nothing was changed in my project.

Is this an Epic or Oculus issue?