
Well, they clearly take it one step at a time: They have mastered the "augmented" part, now they will tackle the "reality" part...
After months – no, years – of Magic Leap promising to revolutionize the gaming world with its augmented reality technology, this week the company finally launched… sort of. Magic Leap released its software developers kit (SDK) in the hope of persuading developers to create new games for its platform. Soon after, it announced …
Please, I think it's fairly obvious that Magic Leap have succeeded completely. Augmented Reality is about making people see things that aren't really there, and it certainly seems to be the case that their partners are seeing things that don't exist. Like their product.
Actually this is very likely yet another Magic Leap fraudulent boast: with about as much credence as an ICO search warrant.My understanding of the Epic game engine licensing is that there is no actual upfront costs involved but there is a requirement under the licensing agreement to pay Epic Games a 5% royalty based on gross revenue.
So it is very easy for anyone, especially Magic Leap, to make such claims without the need to substantiate the claims by putting their (conned investors') money where their mouth is.
More info: https://www.unrealengine.com/en-US/custom-licensing
Meanwhile the New Zealand media have been unquestioningly repeating Weta Digital's press releases about their "game-changing" partnership with Magic Leap because I think if they write anything critical of Weta they will be charged with treason.
I am sure it's Magic Leap paying Weta rather than the other way around, because if the guys at Weta Digital know anything, it's how to get paid.
I will never forget the $50 million taxpayers were extorted out of to keep the Hobbit movies here.
"I will never forget the $50 million taxpayers were extorted out of to keep the Hobbit movies here."
It's nothing new. The oil industry does it all the time: threaten to leave the country and take their tax revenues with them, leaving them with a choice: 10% of something (along with the jobs and payroll taxes) or 100% of nothing.
As I understand it, Delorean was actually in production and selling cars when it was put out of business by the owner being accused of drug dealing. By the time he was found not guilty all of the investors for the project had fled and the company went bankrupt having sold about ten thousand cars.
This is different, when the investors dry up it's unlikely to deliver any production hardware.