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A US JURY has ordered Facebook and creators of its Oculus Rift to pay $500 million to gaming software firm ZeniMax in a lawsuit that claimed the virtual reality technology was stolen.
The Texas jury made the award in a trial in which Oculus was accused of basing its Rift headset on technology stolen from ZeniMax’s virtual reality software, court documents showed.
The lawsuit claimed Oculus founder Palmer Luckey developed the virtual reality gear using source code illegally obtained from the gaming firm.
ZeniMax said it was “pleased” about the award for “unlawful infringement of our copyrights and trademarks, and for the violation of our non-disclosure agreement with Oculus pursuant to which we shared breakthrough VR technology that we had developed and that we exclusively own.”
Robert Altman, ZeniMax’s chairman and chief executive, said in the statement: “Technology is the foundation of our business and we consider the theft of our intellectual property to be a serious matter.”
Facebook acquired Oculus in 2014 for more than $2 billion and last year began selling the Rift headsets as part of the social network’s push into virtual reality.
Thats virtually nothing compared to what it will earn in the future. I would say they are no talking anymore(bit of a rift between them)
It might bring them closer together considering Facebook’s history
Is that a real $500m or virtual $500?
@John: Is that real satire or virtual satire?
@Pat Is that real sarcasm or virtual sarcasm?
Hold on until I take the headset off….
Interestingly one of the main corporate beneficiaries of Donald Trump’s victory has been social media.
Facebook usage has increased by a few per cent since the inauguration.
Facebook is the platform which will facilitate the emergence of Big Brother totalitarianism.
Also 1984 has gone to the top of the bestseller lists, because people recognise that in fact it us Trump and his appointed cronies that actually represent the emergence of Big Brother totalitarianism
@Jimmyjoe Wallace: where have you been for the last 10-15 years??
Facebooks quarterly figures just realised $8.63 billion in advertising revenue alone, $500mill hardly a dent
Hate when headlines give everything away so that when you’re reading the article you think you’re stuck in a loop reading the same sentence over and over! Couldn’t give a sh*t now about the story!
Haha that’s the sack for Parker and his douchey Hawaiian shirts
A bad few months for Palmer Luckey, hopefully plenty more ahead!
They didn’t get a royalty out of it? Surprising.
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