Facebook Settles Oculus VR Lawsuit With ZeniMax (techcrunch.com)
"Gaming giant ZeniMax Media's lawsuit against Facebook over the misuse of intellectual property related to the founding of Oculus VR has finally been settled," reports TechCrunch. In a statement, ZeniMax CEO Robert Altman said, "We are pleased that a settlement has been reached and are fully satisfied by the outcome. While we dislike litigation, we will always vigorously defend against any infringement or misappropriation of our intellectual property by third parties." From the report: At the trial's conclusion, the judge awarded ZeniMax $500 million in damages to be paid by the defendants, including Facebook and some of the Oculus VR co-founders, a figure that Facebook appealed and had reduced to $250 million. Following the initial verdict, ZeniMax sought an injunction on sales of Facebook's Oculus Rift headset, claiming the device violated key IP. Terms of this settlement weren't disclosed. The trial was notable in that it offered a rare moment on the stand for a number of Facebook executives, including CEO Mark Zuckerberg. It also gave rare insight into the details surrounding the company's founding and acquisition.
I'm so glad I didn't back Oculus when it was on Kickstarter. I would have been pissed off about hearing Facebook was buying Oculus. I don't have Facebook on my phone, I don't use it on my computer, and I sure as hell will not wear it on my head.
Greedy corps making shady deals and steals and we get stuck with non-innovative futures because they cant steal or greed out enough money. News at 11.
Not mentioned in this summary, a large part of this case hinged on what information iD Software founder, John Carmack brought with him from Zenimax to Oculus. Zenimax claimed he had developed significant IP regarding virtual reality while on staff and that was the basis for Oculus getting purchased by Facebook. Zenimax wanted to get paid some of the money that Facebook paid to Oculus in that buyout.
$5 / month hosted VPS on linux = awesome!