Oculus VR

‘Elite Dangerous’ will be a launch title for Oculus Rift

‘Elite Dangerous’ will be a launch title for Oculus Rift

In an announcement made via a Friday post on the official Oculus blog, Oculus and Frontier Developments said that 'Elite: Dangerous' sci-fi game will be a launch title for the Oculus Rift virtual reality (VR) headset, which is scheduled to hit the markets on March 28, 2016.

The announcement implies that the VR-ready version of Frontier Developments' deep space adventure exploration game 'Elite: Dangerous' will be available at the Oculus Store in coincidence with the March 28 launch of the $599-priced Oculus Rift VR headset.

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Oculus CEO: The heart of Oculus will always be in ‘gaming’

Oculus CEO: The heart of Oculus will always be in ‘gaming’

During the course of an address at the company's Game Industry International event last week, Oculus VR Chief Executive Officer Brendan Iribe said that the core focus of Oculus will always be on 'gaming.'

The statement by Iribe came in coincidence with the unveiling of Oculus' new Rift virtual reality (VR) headset dubbed 'Crescent Bay.' Iribe said that the Crescent Bay device is solely for gaming purposes and will continue to be so in the future as well.

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ZeniMax Media sues Oculus VR over misappropriation of intellectual property

ZeniMax Media sues Oculus VR over misappropriation of intellectual property

Video-game maker ZeniMax Media has recently filed a lawsuit against Oculus VR and its founder Palmer Luckey, accusing the virtual-reality goggles maker of misappropriation of intellectual property worth billions of dollars.

In its lawsuit filed in a federal court in Dallas, ZeniMax Media said that Oculus VR - which has been recently acquired by Facebook in a $2 billion deal - and its founder Luckey had wrongfully taken copyrighted computer code, as well as trade secrets and technical know-how, and exploited it.

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Facebook Grabs Oculus VR for $2 billion

Facebook Grabs Oculus VR for $2 billion

Social networking giant Facebook has announced acquisition of virtual reality glass maker Oculus VR for $2 billion. As the focus shifts on wearable tech, the latest deal announced by Facebook has been taken positively by stock traders. The Facebook stock ended on Nasdaq 1.2 percent higher at $64.89.

The virtual reality headset market Oculus VR is part of long term plan of Facebook, as the company management expects wearable technologies and virtual reality to find major roles in people’s life in near future.

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