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Daniel Patel 2017-03-10
img

The feud between Oculus and ZeniMax Media is opening back up once again, this time with the CTO of Oculus, John Carmack, suing his former employer for earnings that he claims are still owed to him.

The suit is largely unrelated to the $6 billion trade secrets suit which ended last month with a $500 million judgment against Oculus.

Instead Carmack is suing Zenimax Media for $22.5 million that he says has not been paid to him for the 2009 sale of his game studio, id Software, known for such pioneering video game classics as Doom and Quake.

The lawsuit reveals that ZeniMax Media paid $150 million for the game studio behind such pioneering video gaming classics as Doom and Quake.

The document details that Carmack was set to earn $45 million from the id acquisition.

In 2011, Carmack converted half of that note into a half-million shares of ZeniMax common stock, but has yet to receive the other half of his earnings in cash or common stock from the company, despite formal requests being made.

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0
Frances Buoy 2021-03-09
img
The EU has approved Microsoft's acquisition of Bethesda's parent company ZeniMax Media, marking the largest video game purchase in Microsoft history.
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0
Diane Thomason 2020-09-21
img
Microsoft has announced a whopper of an acquisition, revealing this morning that it has entered into an agreement to purchase ZeniMax Media for $7.5 billion in cash. While not as massive as other major players like Electronic Arts or Activision, ZeniMax Media is still a very big publisher in its own right, with a fairly long list of subsidiaries that … Continue reading
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0
Pedro Cote 2017-03-10

It was just last month that the long running lawsuit between ZeniMax Media and Oculus (along with parent company Facebook) reached some kind of resolution, but soon ZeniMax will be heading back to court.

This time, Oculus CTO John Carmack is turning the tables and bringing a lawsuit against ZeniMax, claiming that the publishing house still owes him money for the purchase of id Software.

Carmack founded id Software in 1991 along with John Romero, Tom Hall, and Adrian Carmack.

During his time with the studio, he helped create such games as Doom, Wolfenstein, and Quake, essentially defining the first person shooter genre for much of the 1990s.

In 2009, ZeniMax Media purchased id Software, and now Carmack is claiming that ZeniMax still owes him money from the deal.

Specifically, Carmack is looking for $22.5 million from ZeniMax, which is the final portion of the purchase price that’s supposed to go to him.

collect
0
Eric Spilde 2020-09-21
Illustration by Alex Castro / The Verge

Microsoft’s priciest video game acquisition, a $7.5 billion purchase of Bethesda Softworks parent company ZeniMax Media, shocked the industry on Monday. The deal puts Bethesda, one of the industry’s biggest publishers and owners of some of the most successful gaming series, under the Xbox brand. It also raises a simple but powerful question: how does buying Bethesda fit into Microsoft’s overall Xbox strategy?

The immediate and inevitable reaction from consumers focused, naturally, on competition, and whether future Bethesda titles will become Xbox exclusives. It’s a sensible concern — why, after all, would any company in an industry as cutthroat as gaming purchase a major entertainment brand if not to deprive its primary rival the...

Continue reading…

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0
James Finch 2017-01-17
img

The testimony came during a trial in which ZeniMax Media, parent company of Bethesda Softworks and Id Software, alleges that co-creator John Carmack when he took VR technology developed as a ZeniMax employee over to Oculus .

Zuckerberg rebutted that idea flatly on the stand, saying, "the idea that Oculus products are based on someone else s technology is just wrong" as .

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0
William Jones 2017-02-02
img

Things could get weirder than usual…

Snapchat is apparently taking their photo fun to the next level with lenses – or filters – that overlay a scene with augmented reality data bits, including animations.

According to news site The Information, testing of the AR lenses is moving right along and they will reportedly be able to overlay the… augmentation… on top of a photo while viewing it on a smartphone.

The AR lenses will reportedly be able to identify objects in photos and interact with them.

What exactly they ll do when they spot your dog in a photo is still a mystery, as is a rollout date.

However, the feature seems like a natural fit for Snapchat, which already lets you get wacky with your photos and videos.

collect
0
Shane Higgins 2017-01-26
img

At Xiaomi, Barra launched Xiaomi Global under which the company expanded to India, Indonesia, Singapore, Malaysia, and 20 other markets.

Xiaomi partnered with Google to launch the "Mi Box" Android TV device in the US, but the company has yet to bring its smartphones to the US.

Xiaomi recently released the in China, but tough times are ahead as Chinese rivals Huawei, Oppo, and Vivo are in sales.

At Facebook and Oculus, Barra said he looks forward to "building the future of immersive technology with Mark Zuckerberg, Brendan Trexler Iribe, Mike Schroepfer, and the visionaries in the Oculus team."

It's hard to not notice that Barra didn't mention Oculus cofounder Palmer Luckey.

Other than testifying at the ZeniMax trial, Luckey has been incommunicado since revelations that he was funding a .

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0
David Clary 2017-02-02

If I am to take a principled stand against every shitty company out there, who's left to buy from?

I'll certainly be out of AAA titles in short order.

collect
0
Dave Rogriguez 2018-12-12

Nearly five years after announcing its acquisition of OculusVR, Facebook is finally ready to put the drama surrounding its founding behind it.

Gaming giant ZeniMax Media’s lawsuit against Facebook over the misuse of intellectual property related to the founding of OculusVR has finally been settled.

In a statement, ZeniMax CEO Robert Altman confirmed the settlement saying, “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.”

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 OculusVR 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.

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0
Phillip Willis 2017-03-10
img

John Carmack’s legal fight with ZeniMax Media widened as the legendary game developer and current chief technology officer of Facebook’s Oculus division filed a lawsuit against ZeniMax saying it owes him more than $22.5 million.The dispute sheds even more light on the feud between Carmack, co-creator of games such as Doom and Quake, and ZeniMax, which separately sued Carmack and Oculus over the alleged theft of virtual reality technology that Carmack allegedly developed while at id Software, which ZeniMax bought in 2009.

ZeniMax recently won a $500 million court case with Oculus over the alleged infringements.Carmack alleges in the new lawsuit that ZeniMax has “sour grapes” and has refused to pay him more than $22.5 million of the final installment it owes him from buying the Dallas area studio that Carmack co-founded.ZeniMax, which also owns Bethesda Game Studios — maker of games like The Elder Scrolls V: Skyrim and Fallout 4 — bought id Software using $105 million in a bank loan, but it never disclosed the total amount it paid.

In the lawsuit, Carmack said that ZeniMax agreed to pay $150 million for the purchase, and that Carmack’s share was more than $45.1 million.Carmack left id Software to join Oculus in 2013, but that triggered a series of events that led to the court case with ZeniMax.

Carmack alleges he converted half of his stake into ZeniMax stock, which he received.

But he says he never received the other half.Facebook, which owns Oculus, plans to appeal the $500 million judgment, while ZeniMax is suing to stop Oculus from selling more Oculus Rift virtual reality headsets.

In the Oculus-ZeniMax trial, the jury did not find Carmack liable for misappropriation of trade secrets.

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0
komal waghmare 2020-12-05

Summary - A new market study, titled “ Global Game Development Software Market Size, Status and Forecast 2020-2026” has been featured on WiseGuyReports.Game Development Software market is segmented by Type, and by Application.

Players, stakeholders, and other participants in the global Game Development Software market will be able to gain the upper hand as they use the report as a powerful resource.

The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.

The key players covered in this studyEpic GamesPlaytechUnity TechnologiesZeniMax MediaAudiokinetic...Also Read: https://www.snntv.com/story/42953749/global-game-development-software-market-2020-emerging-trends-industry-share-size-demands-growth-opportunities-regional-overview-and-swot-analysis-till-2026Market segment by Type, the product can be split intoGameMakerPygameJavaC++OtherMarket segment by Application, split intoAndroidIOSPCsOther Market segment by Regions/Countries, this report coversNorth AmericaEuropeChinaJapanSoutheast AsiaIndiaCentral & South America FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5577930-global-game-development-software-market-size-status-and-forecast-2020-2026About Us:Wise Guy Reports is part of the Wise Guy Research Consultants Pvt.

Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

Contact Us: NORAH TRENT                                                      [email protected]       Ph: +162-825-80070 (US)                          Ph: +44 2035002763 (UK)        

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0
Rodney Edson 2017-01-11
img

After purchasing Oculus just over two years ago, Facebook CEO Mark Zuckerberg is just beginning to reap the benefit.

Oculus finds itself in the fortunate position of being an industry leader in a market that s just beginning its ascent.

It s also about to appear in court over allegations of stolen technology and a false origin story.

The story spun by Oculus was of a young and ambitious hacker, Palmer Luckey, who pieced together a company on a shoestring budget that s now one of the most valuable in the world.

ZeniMax — the parent corporation for game studios like Bethesda, id, and others — tells a different tale.

The lawsuit alleges the origin story released by Oculus was disseminated to the press the false and fanciful story that Luckey was the brilliant inventor of VR technology who had developed that technology in his parent s garage.

collect
0
Steven Restivo 2017-03-10

Carmack's lawsuit marks the next chapter of a legal battle that could impact Oculus' attempts to seize control of the market for virtual reality headsets.

The next chapter of the dispute between Oculus and ZeniMax Media is brewing in Dallas, Texas.

On Tuesday, Oculus’ chief technology officer, John Carmack, sued ZeniMax, alleging that the publisher still owes him $22.5 million from its purchase of Id Software in 2009.

The lawsuit states that ZeniMax agreed to a payment of $150 million, but wrongly refused to pay the final installment or allow Carmack to convert its value into shares of stock, according to a report from The Dallas Morning News.

The missing installment is linked to a convertible promissory note valued at over $45.1 million that Carmack received at the time of the sale.

He received half of its value in shares of ZeniMax stock, and is now requesting that the court compel the company to pay the balance.

collect
0
Elizabeth Tinnin 2017-03-10
img

In its quest to embrace a virtual world, Oculus has had to spend a lot of time navigating the legal world.

Today, they seemed to have caught a good break.

A lawsuit filed against Oculus by Total Recall Technologies (TRT) was dismissed by a northern California court.

This was the main other looming lawsuit surrounding the founding of the virtual reality headset company that Facebook acquired in March of 2014 for about $2 billion.

TRT was another head-mounted display company that OculusVR founder Palmer Luckey met with during the course of developing his own head-mounted display.

Luckey signed an NDA during his meeting with the company according to the lawsuit.

collect
0
Jermaine Dusenbery 2018-12-13
img

The epic battle between Facebook and ZeniMax Media is finally at an end, it looks like.

Starting all the way back in 2014, the dispute centred around the Oculus Rift VR system.

ZeniMax says it used their trade secrets, because employees who worked at Id Software (owned by ZeniMax) brought research and code developed at Id with them to Oculus, which then became part of the Rift.

Facebook and Oculus unsurprisingly disagreed, and the battle has raged on for years.

It was the first time Zuckerberg had testified in court, although obviously here in 2018 we're considerably more used to him being asked to take the stand.

ZeniMax originally won $500m, then asked the court to halt Oculus sales completely, which Facebook appealed.

collect
0
Daniel Patel 2017-03-10
img

The feud between Oculus and ZeniMax Media is opening back up once again, this time with the CTO of Oculus, John Carmack, suing his former employer for earnings that he claims are still owed to him.

The suit is largely unrelated to the $6 billion trade secrets suit which ended last month with a $500 million judgment against Oculus.

Instead Carmack is suing Zenimax Media for $22.5 million that he says has not been paid to him for the 2009 sale of his game studio, id Software, known for such pioneering video game classics as Doom and Quake.

The lawsuit reveals that ZeniMax Media paid $150 million for the game studio behind such pioneering video gaming classics as Doom and Quake.

The document details that Carmack was set to earn $45 million from the id acquisition.

In 2011, Carmack converted half of that note into a half-million shares of ZeniMax common stock, but has yet to receive the other half of his earnings in cash or common stock from the company, despite formal requests being made.

Diane Thomason 2020-09-21
img
Microsoft has announced a whopper of an acquisition, revealing this morning that it has entered into an agreement to purchase ZeniMax Media for $7.5 billion in cash. While not as massive as other major players like Electronic Arts or Activision, ZeniMax Media is still a very big publisher in its own right, with a fairly long list of subsidiaries that … Continue reading
Eric Spilde 2020-09-21
Illustration by Alex Castro / The Verge

Microsoft’s priciest video game acquisition, a $7.5 billion purchase of Bethesda Softworks parent company ZeniMax Media, shocked the industry on Monday. The deal puts Bethesda, one of the industry’s biggest publishers and owners of some of the most successful gaming series, under the Xbox brand. It also raises a simple but powerful question: how does buying Bethesda fit into Microsoft’s overall Xbox strategy?

The immediate and inevitable reaction from consumers focused, naturally, on competition, and whether future Bethesda titles will become Xbox exclusives. It’s a sensible concern — why, after all, would any company in an industry as cutthroat as gaming purchase a major entertainment brand if not to deprive its primary rival the...

Continue reading…

William Jones 2017-02-02
img

Things could get weirder than usual…

Snapchat is apparently taking their photo fun to the next level with lenses – or filters – that overlay a scene with augmented reality data bits, including animations.

According to news site The Information, testing of the AR lenses is moving right along and they will reportedly be able to overlay the… augmentation… on top of a photo while viewing it on a smartphone.

The AR lenses will reportedly be able to identify objects in photos and interact with them.

What exactly they ll do when they spot your dog in a photo is still a mystery, as is a rollout date.

However, the feature seems like a natural fit for Snapchat, which already lets you get wacky with your photos and videos.

David Clary 2017-02-02

If I am to take a principled stand against every shitty company out there, who's left to buy from?

I'll certainly be out of AAA titles in short order.

Phillip Willis 2017-03-10
img

John Carmack’s legal fight with ZeniMax Media widened as the legendary game developer and current chief technology officer of Facebook’s Oculus division filed a lawsuit against ZeniMax saying it owes him more than $22.5 million.The dispute sheds even more light on the feud between Carmack, co-creator of games such as Doom and Quake, and ZeniMax, which separately sued Carmack and Oculus over the alleged theft of virtual reality technology that Carmack allegedly developed while at id Software, which ZeniMax bought in 2009.

ZeniMax recently won a $500 million court case with Oculus over the alleged infringements.Carmack alleges in the new lawsuit that ZeniMax has “sour grapes” and has refused to pay him more than $22.5 million of the final installment it owes him from buying the Dallas area studio that Carmack co-founded.ZeniMax, which also owns Bethesda Game Studios — maker of games like The Elder Scrolls V: Skyrim and Fallout 4 — bought id Software using $105 million in a bank loan, but it never disclosed the total amount it paid.

In the lawsuit, Carmack said that ZeniMax agreed to pay $150 million for the purchase, and that Carmack’s share was more than $45.1 million.Carmack left id Software to join Oculus in 2013, but that triggered a series of events that led to the court case with ZeniMax.

Carmack alleges he converted half of his stake into ZeniMax stock, which he received.

But he says he never received the other half.Facebook, which owns Oculus, plans to appeal the $500 million judgment, while ZeniMax is suing to stop Oculus from selling more Oculus Rift virtual reality headsets.

In the Oculus-ZeniMax trial, the jury did not find Carmack liable for misappropriation of trade secrets.

Rodney Edson 2017-01-11
img

After purchasing Oculus just over two years ago, Facebook CEO Mark Zuckerberg is just beginning to reap the benefit.

Oculus finds itself in the fortunate position of being an industry leader in a market that s just beginning its ascent.

It s also about to appear in court over allegations of stolen technology and a false origin story.

The story spun by Oculus was of a young and ambitious hacker, Palmer Luckey, who pieced together a company on a shoestring budget that s now one of the most valuable in the world.

ZeniMax — the parent corporation for game studios like Bethesda, id, and others — tells a different tale.

The lawsuit alleges the origin story released by Oculus was disseminated to the press the false and fanciful story that Luckey was the brilliant inventor of VR technology who had developed that technology in his parent s garage.

Elizabeth Tinnin 2017-03-10
img

In its quest to embrace a virtual world, Oculus has had to spend a lot of time navigating the legal world.

Today, they seemed to have caught a good break.

A lawsuit filed against Oculus by Total Recall Technologies (TRT) was dismissed by a northern California court.

This was the main other looming lawsuit surrounding the founding of the virtual reality headset company that Facebook acquired in March of 2014 for about $2 billion.

TRT was another head-mounted display company that OculusVR founder Palmer Luckey met with during the course of developing his own head-mounted display.

Luckey signed an NDA during his meeting with the company according to the lawsuit.

Frances Buoy 2021-03-09
img
The EU has approved Microsoft's acquisition of Bethesda's parent company ZeniMax Media, marking the largest video game purchase in Microsoft history.
Pedro Cote 2017-03-10

It was just last month that the long running lawsuit between ZeniMax Media and Oculus (along with parent company Facebook) reached some kind of resolution, but soon ZeniMax will be heading back to court.

This time, Oculus CTO John Carmack is turning the tables and bringing a lawsuit against ZeniMax, claiming that the publishing house still owes him money for the purchase of id Software.

Carmack founded id Software in 1991 along with John Romero, Tom Hall, and Adrian Carmack.

During his time with the studio, he helped create such games as Doom, Wolfenstein, and Quake, essentially defining the first person shooter genre for much of the 1990s.

In 2009, ZeniMax Media purchased id Software, and now Carmack is claiming that ZeniMax still owes him money from the deal.

Specifically, Carmack is looking for $22.5 million from ZeniMax, which is the final portion of the purchase price that’s supposed to go to him.

James Finch 2017-01-17
img

The testimony came during a trial in which ZeniMax Media, parent company of Bethesda Softworks and Id Software, alleges that co-creator John Carmack when he took VR technology developed as a ZeniMax employee over to Oculus .

Zuckerberg rebutted that idea flatly on the stand, saying, "the idea that Oculus products are based on someone else s technology is just wrong" as .

Shane Higgins 2017-01-26
img

At Xiaomi, Barra launched Xiaomi Global under which the company expanded to India, Indonesia, Singapore, Malaysia, and 20 other markets.

Xiaomi partnered with Google to launch the "Mi Box" Android TV device in the US, but the company has yet to bring its smartphones to the US.

Xiaomi recently released the in China, but tough times are ahead as Chinese rivals Huawei, Oppo, and Vivo are in sales.

At Facebook and Oculus, Barra said he looks forward to "building the future of immersive technology with Mark Zuckerberg, Brendan Trexler Iribe, Mike Schroepfer, and the visionaries in the Oculus team."

It's hard to not notice that Barra didn't mention Oculus cofounder Palmer Luckey.

Other than testifying at the ZeniMax trial, Luckey has been incommunicado since revelations that he was funding a .

Dave Rogriguez 2018-12-12

Nearly five years after announcing its acquisition of OculusVR, Facebook is finally ready to put the drama surrounding its founding behind it.

Gaming giant ZeniMax Media’s lawsuit against Facebook over the misuse of intellectual property related to the founding of OculusVR has finally been settled.

In a statement, ZeniMax CEO Robert Altman confirmed the settlement saying, “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.”

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 OculusVR 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.

komal waghmare 2020-12-05

Summary - A new market study, titled “ Global Game Development Software Market Size, Status and Forecast 2020-2026” has been featured on WiseGuyReports.Game Development Software market is segmented by Type, and by Application.

Players, stakeholders, and other participants in the global Game Development Software market will be able to gain the upper hand as they use the report as a powerful resource.

The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.

The key players covered in this studyEpic GamesPlaytechUnity TechnologiesZeniMax MediaAudiokinetic...Also Read: https://www.snntv.com/story/42953749/global-game-development-software-market-2020-emerging-trends-industry-share-size-demands-growth-opportunities-regional-overview-and-swot-analysis-till-2026Market segment by Type, the product can be split intoGameMakerPygameJavaC++OtherMarket segment by Application, split intoAndroidIOSPCsOther Market segment by Regions/Countries, this report coversNorth AmericaEuropeChinaJapanSoutheast AsiaIndiaCentral & South America FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5577930-global-game-development-software-market-size-status-and-forecast-2020-2026About Us:Wise Guy Reports is part of the Wise Guy Research Consultants Pvt.

Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

Contact Us: NORAH TRENT                                                      [email protected]       Ph: +162-825-80070 (US)                          Ph: +44 2035002763 (UK)        

Steven Restivo 2017-03-10

Carmack's lawsuit marks the next chapter of a legal battle that could impact Oculus' attempts to seize control of the market for virtual reality headsets.

The next chapter of the dispute between Oculus and ZeniMax Media is brewing in Dallas, Texas.

On Tuesday, Oculus’ chief technology officer, John Carmack, sued ZeniMax, alleging that the publisher still owes him $22.5 million from its purchase of Id Software in 2009.

The lawsuit states that ZeniMax agreed to a payment of $150 million, but wrongly refused to pay the final installment or allow Carmack to convert its value into shares of stock, according to a report from The Dallas Morning News.

The missing installment is linked to a convertible promissory note valued at over $45.1 million that Carmack received at the time of the sale.

He received half of its value in shares of ZeniMax stock, and is now requesting that the court compel the company to pay the balance.

Jermaine Dusenbery 2018-12-13
img

The epic battle between Facebook and ZeniMax Media is finally at an end, it looks like.

Starting all the way back in 2014, the dispute centred around the Oculus Rift VR system.

ZeniMax says it used their trade secrets, because employees who worked at Id Software (owned by ZeniMax) brought research and code developed at Id with them to Oculus, which then became part of the Rift.

Facebook and Oculus unsurprisingly disagreed, and the battle has raged on for years.

It was the first time Zuckerberg had testified in court, although obviously here in 2018 we're considerably more used to him being asked to take the stand.

ZeniMax originally won $500m, then asked the court to halt Oculus sales completely, which Facebook appealed.