• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Sunday, September 14, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

ZeniMax and Facebook Settle Their Four-year Lawsuit for $250 Million

Alex Mercer by Alex Mercer
December 12, 2018
in News
Reading Time: 2 mins read
0
occulus facebook

Photo: Kotaku

Share on TwitterShare on Facebook

The virtual reality industry finds itself at a major crossroads. It is very difficult to get consumers excited about this technology, especially where VR headsets are concerned. For Facebook, the technology used in its Oculus VR tech has been at the center of another storm as well. The company’s lawsuit with ZeniMax has finally been settled for $250m.

Facebook and ZeniMax Finally Settle

It is not uncommon for technology to be “copied’ or ‘imitated’ when it comes to emerging markets. The virtual reality industry is no exception in this regard, albeit it is a bit unfortunate. Facebook, the owner of Oculus, was taken to court by ZeniMax. The latter company is convinced the Oculus VR headset line is based on trade secrets provided by Zenimax co-founder John Carmack. This legal battle has been going for over four years now.

Although it seemed as if this debacle would never end, a surprising breakthrough has occurred. Both companies agreed on settling the lawsuit for $250m. It is important to put debates like these in the past, even though ZeniMax is intent on ensuring they get what they are owned. In 2017, the firm was awarded $500m in litigation from a Texan federal jury, yet that award was halved later on.

It is interesting to see how this debate may end up costing Facebook more money than the effort was worth. Oculus VR headsets have not exactly flown off the shelves, nor will they do so in the near future. Combined with the costs for R&D, testing, and promotional events, it is seemingly unlikely the VR “arm” has rendered big profits to this date. With sales figures still in the direct, that situation may not necessarily improve either.

The big question is how this settlement influences the virtual reality industry. With this debacle finally out of the way, all companies can look toward the future again. Even so, there are still a lot of questions which need to be answered in the process. This industry will face a tough couple of years, despite analysts prediction major growth. A very interesting era dawns upon the VR industry, by the look of things.

If you liked this article make sure to follow us on twitter @thevrsoldier and subscribe to our newsletter to stay up to date with the latest VR trends and news.

Tags: FacebookOculus
Previous Post

Deutsche Telekom Trials Basketball Bundesliga Streaming in VR

Next Post

VR Education and Nokia Commercialize Their Corporate Training Platform

Related Posts

XRP Targets a Breakout as Bulls Eye a 20% Surge
Market Analysis

XRP Targets a Breakout as Bulls Eye a 20% Surge

September 13, 2025
Featured

Bitcoin Takes a Breather After Record High – But the Bulls Aren’t Done Yet

September 13, 2025
Altcoin Season Index Soars to 76 While Bitcoin Dominance Wobbles
Market Analysis

Altcoin Season Index Soars to 76 While Bitcoin Dominance Wobbles

September 11, 2025
Ethereum $4.3K Balancing Act: Support or Sneaky Trap?
Market Analysis

Ethereum $4.3K Balancing Act: Support or Sneaky Trap?

September 10, 2025
U.S. Pushes Forward With Strategic Bitcoin Reserve Talks
Market Analysis

U.S. Pushes Forward With Strategic Bitcoin Reserve Talks

September 10, 2025
Bitcoin’s $111K Line in the Sand Faces Serious Pressure
News

Bitcoin $111K Line in the Sand Faces Serious Pressure

September 10, 2025

Press Releases

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?
News

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

by Alex Mercer
September 10, 2025

Ripple’s XRP is flirting with the $3 mark again, thanks to a tidal wave of speculation around a potential ETF...

Read more
Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier