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Oculus VR Founder Explains Why We Can Breathe A Sigh Of Relief About Facebook Deal
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Oculus VR Founder Explains Why We Can Breathe A Sigh Of Relief About Facebook Deal

Apr 13 2014, 2:27pm CDT | by

When Facebook unexpectedly acquired Oculus VR for $2 billion last month, the internet cried out in synchronized outrage. The fear was that the social network giant would trample Palmer Luckey ‘s...

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14 weeks ago

Oculus VR Founder Explains Why We Can Breathe A Sigh Of Relief About Facebook Deal

Apr 13 2014, 2:27pm CDT | by

When Facebook unexpectedly acquired Oculus VR for $2 billion last month, the internet cried out in synchronized outrage. The fear was that the social network giant would trample Palmer Luckey ‘s vision of a glorious virtual reality revolution and replace it with ad-infested versions of Farmville and a gaming platform powered by Facebook Connect. Yesterday, however, the null

Immediately following the acquisition announcement, Facebook hosted a public conference call to delve into detail. During the call, Facebook CEO Mark Zuckerberg  insisted that they’d allow the Oculus VR team to carry out their existing roadmap without interference. This vague promise didn’t seem strong enough to reassure the original Kickstarter backers of the Oculus Rift, nor their legions of devoted fans.

Go ahead and take that sigh of relief now. Following an on-camera interview with Maximum PC , Oculus VR founder Palmer Luckey confirmed several things: null , the acquisition won’t affect the open nature of their SDK (Software Development Kit), and there will be zero Facebook branding. The Oculus team will remain completely autonomous.

Remember that even if Facebook does retain a completely hands-off approach, there are ample revenue opportunities from potential licensing fees to promoting widespread adoption of the Oculus Rift outside the gaming space. Zuckerberg expects to profit not from the hardware, but from software and services tied into virtual reality.

Luckey also reaffirmed why VR enthusiasts will actually benefit from the Facebook deal. The company has been “relying a lot on the scraps of the mobile phone industry,” he told Maximum PC. (They’ve literally been assembling dev kits with mobile-centric displays, etc). Facebook will not only accelerate the Oculus Rift’s path to retail, but allow the team to develop custom hardware to maximize Oculus VR’s vision of low-latency, high-refresh rate virtual reality.

And with $11.45 billion in Facebook’s war chest, the resources aren’t lacking.

The visionaries and executives at Oculus VR have good heads on their shoulders, and I’m confident they want to continue unfettered in their dream to spread VR to the masses. In fact, Luckey has a fascinating prediction about the future of display tech: “There’s almost no way tradition displays will be around in a couple decades,” he insisted. His argument is that much like Nintendo's Wii commercialized and commoditized accelerometer tech, the same outcome is certain for VR.

“Why in the world would you buy a 60-inch TV — that even if it were dirt cheap — it’s still gonna cost a lot to ship it and make it from raw materials. A VR headset is going to be much better, much cheaper, and you can take it anywhere.” He also engages in some decidedly philosophical issues regarding VR versus the real world in the video interview .

So let’s take that collective sigh of relief and start believing in Oculus VR again, regardless of who their parent company is.

 
Update
10

6 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

Cambodia's Famous Battambang Circus
KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakya ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

6 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

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KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken i ...
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Update
8

6 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

Federal Aviation Administration Bans All US Flights To Israel
KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected b ...
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Update
7

6 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishammuddin Husse ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

6 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

INDIA-CHINA-DIPLOMACY-TRADE
PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the southern states la ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

6 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

Government Weekly Cabinet Meeting
KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2. ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

6 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Seri Mustapa Moha ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

6 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

Iskandar Johor Open - Previews
JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocation of R ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

6 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

EurAsia Cup presented by DRB-HICOM - Day One
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar Scheme ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Dama ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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