2016 was an eventful year for Oculus VR. Not only did it release the world’s first ever consumer grade VR headset, but it found itself broiled in a tumultuous court case.
ZeniMax Media Inc. filed a lawsuit against Oculus VR in May of 2014, arguing that the company used its “code and technology” in the development of what is now known as Oculus Rift. Oculus VR denied all allegations.
The jury sided with ZeniMax at the conclusion of the case today, resulting in a $500 million judgment brought against Oculus VR and two of its employees. The final judgment is as follows:
- $200 million from Oculus VR for breaking NDA
- $50 million from Oculus VR for copyright infringement
- $150 million from Brendan Iribe for false designation
- $50 million from Oculus VR for false designation
- $50 million from Palmer Luckey for false designation
Oculus Rift, among other VR headsets, has recently struggled with moving hardware, making this a potentially devastating outcome for both Oculus VR and the virtual reality industry.
Oculus VR is expected to share its 4th quarter earnings with investors later today or early tomorrow.