Facebook must pay $500 million in damages in Oculus intellectual property case

Facebook is on the hook for $500 million in damages after losing an intellectual property lawsuit Wednesday to ZeniMax Media over its virtual reality headset, the Oculus Rift. ZeniMax, a video game publisher, sued the social network in 2014 in U.S. District Court in Dallas shortly after Facebook... Continue reading at 'Los Angeles Times'

[ Los Angeles Times | 2017-02-02 00:00:00 UTC ]

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Rockefeller Center nears $3.5B refinancing at a steep price

Rockefeller Center is close to refinancing its mortgage in a massive $3.5 billion transaction.The deal is expected to close Friday and would be a triumph for the owners of the 7 million square-foot office and retail complex, Tishman Speyer and Henry Crown & Co. It comes at a moment when... Continue reading at Crains New York

[ Crains New York | 2024-10-16 16:04:15 UTC ]
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'Get out!': Jerry Seinfeld is a billionaire

For a show famously about nothing, "Seinfeld" created a whole lot of something for its star.The enduring sitcom has helped propel comedian Jerry Seinfeld’s net worth to more than $1 billion, according to the Bloomberg Billionaires Index, which is valuing his wealth for the first time.His... Continue reading at Crains New York

[ Crains New York | 2024-03-22 15:12:16 UTC ]
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Fifth Circuit Hears Appeal of Texas Book Rating Law

At a 45-minute hearing on November 29, lawyers for a coalition of plaintiff booksellers and publishing industry groups urged the Fifth Circuit Court of Appeals in New Orleans to immediately lift an administrative stay that has allowed Texas's controversial book rating law to take effect despite... Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-11-29 05:00:00 UTC ]
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Booksellers, Publishers Urge Appeals Court to Uphold Block on Texas Book Rating Law

Attorneys for a group of booksellers and publishing industry associations argue that a district court in Texas correctly enjoined HB 900, and that the injunction should be allowed to stand. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-11-14 05:00:00 UTC ]
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Expedited Appeal in Texas Book Rating Case Delayed by Three Weeks

Meanwhile, an administrative stay blocking judge Alan D. Albright's injunction from taking effect remains in place, a move that has allowed the law to take effect despite being found unconstitutional by the district court. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-10-12 04:00:00 UTC ]
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Google gets sued by newspaper publisher Gannett

McLean newspaper publisher Gannett Co. Inc. (NYSE: GCI) said Tuesday it has sued Google LLC and parent company Alphabet Inc. (NASDAQ: GOOGL), alleging “monopolization of advertising technology markets and deceptive commercial practices.” Gannett says in its suit, which was filed in U.S.... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2023-06-21 14:18:58 UTC ]
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PW 2022 Notable: Florence Pan

In September, Florence Pan was confirmed as the newest judge on the U.S. District Court of Appeals for the District of Columbia Circuit. But before she could assume that new position, she became known in publishing circles as the judge who presided over the U.S. v. Bertelsmann SE & Co. KGAA... Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-12-16 05:00:00 UTC ]
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US judge blocks $2.2bn Penguin Random House merger

Justice department argued the melding of the publishing house with Simon & Schuster would harm competition and authors’ payA US judge has blocked the $2.2bn planned merger of Penguin Random House, the world’s largest book publisher, with rival Simon & Schuster.Judge Florence Pan of the... Continue reading at The Guardian

[ The Guardian | 2022-11-01 00:30:18 UTC ]
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Reed, Grijalva Introduce Bill to Support School Libraries

The Right to Read Act would authorize up to $500 million in Comprehensive Literacy State Development Grants as as well as investing in recruiting state-certified school librarians. And crucially, the legislation also reaffirms that "First Amendment rights apply to school libraries," a direct... Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-10-06 04:00:00 UTC ]
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Amazon.com and 'Big Five' publishers accused of ebook price-fixing

Class action lawsuit filed in US claims the houses have colluded with the online giant to keep prices artificially highAmazon.com and the “Big Five” publishers – Penguin Random House, Hachette, HarperCollins, Macmillan and Simon & Schuster – have been accused of colluding to fix ebook... Continue reading at The Guardian

[ The Guardian | 2021-01-15 13:04:33 UTC ]
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Informa Forecasts 31% Revenue Decline in 2020

London-based Informa plc will officially resume its in-person events business with a three-day beauty expo in China during the second week of July, but says its overall revenues will likely decline by about a third this year as the timeline for the return of large gatherings in North America,... Continue reading at Folio Magazine

[ Folio Magazine | 2020-06-12 17:17:56 UTC ]
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Firm Behind Apple E-books Case Now Suing Amazon for Price Fixing

On March 19, lawyers from Hagens Berman filed a class action suit on behalf of consumers in the U.S. District Court in Seattle, accusing Amazon of a massive horizontal price fixing scheme involving its two million third-party sellers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-23 04:00:00 UTC ]
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What's behind the exec exodus at Comscore

Comscore remains the best hope for a serious challenge to behemoth Nielsen in U.S. TV ratings or cross-media measurement. But that hope grows dimmer as the stock nears record lows amid two new C-suite departures that follow a senior-leadership shakeup just two months ago. Chief Operating... Continue reading at Advertising Age

[ Advertising Age | 2019-06-07 16:42:47 UTC ]
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Darren Sharper again seeks sentence reduction

Disgraced former NFL star Darren Sharper has renewed efforts to get a reduction in his 18-year federal sentence for drugging and raping women. Lawyers for Sharper, who lost an earlier appeal, filed a 50-page memorandum this week in U.S. District Court in New Orleans, arguing he was not adequately... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-08-03 00:00:00 UTC ]
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The Koch brothers may be backing a Time Inc. acquisition

It seems every few months a headline emerges about Time Inc. and whether or not acquisition talks have begun or stalled. Today the New York Times reports that the ailing media company is once again in talks with the magazine publisher Meredith about a potential purchase. What’s more, the... Continue reading at Fast Company

[ Fast Company | 2017-11-16 00:00:00 UTC ]
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Your next trip to the library could include an Oculus Rift

Public libraries aren't just for books anymore. These days, you can grab an ebook, movie or video game (not to mention learn how to code) at your local branch with nothing more than a free library card. Libraries are also the last bastion of interne... Continue reading at Engadget

[ Engadget | 2017-06-08 00:00:00 UTC ]
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Families of San Bernardino attack victims accuse Facebook, Google and Twitter of aiding terrorism in lawsuit

Relatives of the victims of the San Bernardino terrorist attack filed a federal lawsuit Wednesday against Twitter, Google and Facebook, accusing the tech giants of knowingly supporting Islamic State and its extremist agenda. The lawsuit filed in U.S. District Court for the Southern District of... Continue reading at Los Angeles Times

[ Los Angeles Times | 2017-05-04 00:00:00 UTC ]
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Facebook must pay $500 million in damages in Oculus intellectual property case

Facebook is on the hook for $500 million in damages after losing an intellectual property lawsuit Wednesday to ZeniMax Media over its virtual reality headset, the Oculus Rift. ZeniMax, a video game publisher, sued the social network in 2014 in U.S. District Court in Dallas shortly after Facebook... Continue reading at Los Angeles Times

[ Los Angeles Times | 2017-02-02 00:00:00 UTC ]
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Sony to Release PlayStation 4-Compatible VR Headset in October

Sony shares reversed declines in Tokyo trading after the company announced a release date for its virtual-reality headset and unveiled exclusive games for the PlayStation 4 console, including Batman and Spider-Man titles.The PlayStation VR will go on sale in the U.S. on Oct. 13 with 50 titles... Continue reading at Advertising Age

[ Advertising Age | 2016-06-15 00:00:00 UTC ]
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Playboy is Up for Sale, Sources Say

The 62-year-old men's magazine said to be hitting the auction block weeks after going nudity-free, could fetch over $500 million. The post Playboy is Up for Sale, Sources Say appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-03-25 00:00:00 UTC ]
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