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

Apr 13 2014, 2:27pm CDT | by

Oculus VR Founder Explains Why We Can Breathe A Sigh Of Relief About Facebook Deal
Photo Credit: Forbes Business

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.

 
 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Germany unveils special jet to transport Ebola patients
Berlin, Nov 28 (IANS) The German government unveiled Thursday at Berlin's Tegel Airport a special medical evacuation plane, which is designed to transport patients infected with Ebola.
 
 
OPEC decides against oil production cut despite price slump
Viena, Nov 28 (IANS) The ministers of the Organization of Petroleum Exporting Countries(OPEC) decided here Thursday to maintain its output level despite crude oil price fell to a four-year low level.
 
 
18th Saarc Summit concludes with one pact, several understandings
Kathmandu, Nov 27 (IANS) The 18th South Asian Association for Regional Cooperation (Saarc) Summit concluded in Kathmandu Thursday with the adoption of a 36-point Kathmandu Declaration.
 
 
British supermarkets sold contaminated chicken
London, Nov 27 (IANS) Eight of the every 10 fresh chickens bought from British supermarkets this summer were contaminated with the potentially lethal food-poisoning bug campylobacter, the food watchdog has said.
 
 
 

Latest from the Network

OPEC decides against oil production cut despite price slump
Viena, Nov 28 (IANS) The ministers of the Organization of Petroleum Exporting Countries(OPEC) decided here Thursday to maintain its output level despite crude oil price fell to a four-year low level. The decision to...
Read more on Business Balla
 
12 killed in bus accident in Egypt
Cairo, Nov 28 (IANS) At least 12 people were killed and three others injured Thursday as a passenger bus overturned into a canal in Egypt's Beni Sweif province, around 120 km south of the capital Cairo, media reported...
Read more on Politics Balla
 
Explosions, gun fire rock Kabul diplomatic enclave
Kabul, Nov 27 (IANS) Two explosions followed by gunfire rocked the diplomatic enclave here Thursday night, a security officer said. The area of the blast is close to the Tajikistan embassy. The incident occurred in...
Read more on Politics Balla
 
Saarc leaders' wives ladies go sight-seeing at Bhaktapur
Kathmandu, Nov 27 (IANS) While the Saarc leaders conferred on regional matters at the tourist resort of Dhulikhel, their wives drove to the World Heritage Site of Bhaktapur to enjoy the sights of the ancient city. The...
Read more on Politics Balla
 
Maria Shriver 'disgusted' by Miley Cyrus's party
Patrick Schwarzenegger's mother was ''disgusted'' by Miley Cyrus's birthday celebrations. Maria Shriver - who, along with Arnold Schwarzenegger, are the parents of the 21-year-old actor - is reportedly ''very worried''...
Read more on Celebrity Balla
 
Kim Kardashian and Kanye West planning nude photoshoot together?
Kim Kardashian West and Kanye West want to do a nude photoshoot together. The couple are reportedly keen to pose naked alongside each other, after the 34-year-old 'Keeping Up With The Kardashians' star recently stripped...
Read more on Celebrity Balla