"As tensions between CoStar Group and Zillow continue to heat up, Zillow has claimed that CoStar did not renew its Matterport API agreement. CoStar closed its $1.6 billion acquisition of Matterport in March, meaning that it would be up to CoStar to decide if it wanted to renew the API agreement with Zillow. Matterport and CoStar first announced the deal in April 2024."
"In addition to not renewing the API agreement, Zillow also claims that the Matterport terms of service, which were updated at the end of September, now restrict the use of Matterport 3D virtual tours, preventing them from being displayed on third-party listing portal sites. CoStar Group Media may not be used or displayed on any third party platforms, websites, or listing services that compete with CoStar Group's products and services, the terms of service state."
CoStar closed its $1.6 billion acquisition of Matterport in March after announcing the deal in April 2024. Zillow says CoStar did not renew Matterport's API agreement with Zillow. Matterport updated its terms of service at the end of September to restrict use of Matterport 3D virtual tours on third-party listing portals. The terms state CoStar Group Media may not be used or displayed on platforms, websites, or listing services that compete with CoStar Group's products and services. Zillow removed all Matterport 3D virtual tours from listings on its website and said CoStar's restrictions are harmful. CoStar did not respond to requests for comment.
Read at www.housingwire.com
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