December 28, 2014 6:47 AM ET

Electronic Equipment, Instruments and Components

Company Overview of Oculus VR, Inc.

Company Overview

Oculus VR, Inc. offers virtual reality technology products. The company offers Oculus Rift, a virtual reality headset for 3D gaming; and DK2, a development kit for the Oculus Rift that allows developers to build games and experiences for the consumer Oculus Rift. Its products are used across various genres, such as action/adventure, casual, educational, exploration, fighting, and horror. The company was founded in 2012 and is based in Irvine, California. As of July 21, 2014, Oculus VR, Inc. operates as a subsidiary of Facebook, Inc.

19800 MacArthur Boulevard

Suite 200

Irvine, CA 92612

United States

Founded in 2012

Phone:

949-502-2070

Fax:

310-919-3538

Key Executives for Oculus VR, Inc.

Chief Executive Officer
Chief Operating Officer
Chief Software Architect
Head of Supply Chain
Compensation as of Fiscal Year 2014.

Oculus VR, Inc. Key Developments

Zenimax Media Inc. Adds Facebook, Inc. to the Suit Against Oculus VR

Zenimax Media Inc. announced that it has added Facebook Inc. to its 3-month-old intellectual property lawsuit against Oculus VR, expanding its allegations against the world's larger social network. Zenimax first filed suit against Oculus in May 2014, arguing that it contributed time, expertise and technology to the development of Oculus' virtual reality headset, without being compensated. Oculus, in a response, has called the litigation 'meritless'. Since the original filing, Facebook has closed on its $2 billion acquisition of Oculus, and - as could be expected - is now listed as a defendant in the lawsuit. In the amended filing, Zenimax argues that the social network plans to 'leverage and commercially exploit Oculus's virtual reality technology - which is built upon ZeniMax's unlawfully misappropriated intellectual property - for the financial benefit of Facebook's core business of online social networking and advertising'. It claims that Oculus, in its merger agreement with Facebook, misrepresented the state of its intellectual property ownership. The lawsuit centers on the early development of the Oculus Rift, a still-unreleased headset used for immersive 3D gaming. Zenimax says its subsidiary id Software LLC provided key support to Oculus founder Palmer Luckey that helped turn the rift into a commercially viable product. As the Rift gained buzz, Zenimax claims that 'Oculus and Luckey became increasingly evasive and uncooperative' in compensation talks, and that the two sides never reached a resolution.

ZeniMax Media Inc. and id Software LLC File Suit Against Oculus VR, Inc

ZeniMax Media Inc. and id Software LLC filed suit against Oculus VR, Inc. and its founder, Palmer Luckey, for illegally misappropriating ZeniMax trade secrets relating to virtual reality technology, and infringing ZeniMax copyrights and trademarks. ZeniMax is also asserting claims for breach of contract, unjust enrichment, and unfair competition against the defendants. The suit was filed in federal court in the U.S. District Court for the Northern District of Texas.

Aliso Viejo Company Sues Oculus VR for Trademark Infringement

Aliso Viejo company sues Irvine's Oculus VR for trademark infringement. When Facebook bought an Irvine-based virtual reality startup for $2 billion in March, entrepreneur John Cecil had to explain to friends and customers who called to congratulate him that none of those Zucker-bucks was coming his way. It wasn't Oculu, Cecil's Aliso Viejo-based online service for uploading and managing videos, that had drawn the interest of Facebook CEO Mark Zuckerberg. It was Oculus VR, the company headquartered just a few miles away, which Cecil's company had sued in February for trademark infringement over the difference of the 's' in their names.

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