Jeez, talk about the ripples of trade war reaching the gaming industry. The US government has decided to probe Epic Games and Riot Games after banning WeChat and TikTok. Tencent eat your heart out! The US Treasury Department has sent official notifications to the companies linked with Tencent, a Chinese gaming conglomerate. The official letters…Read More
The courts are busy nowadays to sort things out between some of the big guns of the gaming industry, yes I am talking about Apple versus Epic and Google’s resorting to court. The trust in the gaming industry is hitting a new low especially between Epic Games and Apple as the trust between both of them is hitting a new rock bottom every passing day. The Unreal Engine firm has filed another preliminary injunction against Apple to stop them from retaliating.Read More
Epic Games, Apple and the fight continues, poor Fortnite!
We have just witnessed a big showdown between Apple and Epic Games on Monday to settle the round 1 of their lawsuit war. Epic filed a restraining order against Apple, Apple planned to pull out Unreal Engine from its platforms, terminating Epic’s developer account and removal of Fortnite from iOS Store. Epic was of the view that it would be “irreparably harmed” if Apple executes its aggressive designs.Read More
Epic Games is successfully placing the ongoing dispute in the limelight by using an in-game event for Fortnite. As our audience already knows that Apple has blocked Fortnite from its App Store, consequently, iOS users cannot get any new Fortnite updates, so now at the end of the ongoing season, Epic Games is closing off with the #FreeFortnite Cup. The FreeFortnite event will run across all platforms today, and it has to offer a lot of prizes based on the Epic VS Apple dispute, which also includes #FreeFortnite hats with a mockery of Apple’s logo.Read More
Epic Games is on a roll! Someone has decided to go “epic” and has said that enough is enough. In the last couple of days, Epic Games and Apple locked horns and now the courts are involved.
All hell broke loose when Epic Games introduced a new payment method in Fortnite which bypassed Apple and its 30% fee, and not just that Epic also offered discounts to players if they purchased directly from them.
But this step from Epic Games breached Apple’s App Store policies and in turn, Apple responded aggressively and went all out on Epic Games by completely removing it from their App store.Read More
Epic Games, Epic Funding And Epic Future!
Epic Games is now valued at $17.3 billion after concluding an epic funding deal of $1.78 billion. This investment came in the form of primary capital as well as secondary purchases. To put it simply, some investors bought new shares while others bought shares from existing shareholders. Epic Games disclosed that the investment also included a strategic investment of $250 million from Sony, which was announced last month.
The investors that bought into the company are; Fidelity, fund, and accounts managed by BlackRock, Baillie Gifford, Light Speed Venture Partners, the Ontario Teacher’s Pension Plan Board, and Hedge fund manager David Tepper among others. Some of the existing backers also increased their holdings.Read More
Apple is under fire and its claim of equal treatment to every developer is being tested by the US Congress.
This claim was seriously dented when the negotiations related to Amazon Prime Video between Amazon and Apple surfaced. To the chagrin of other developers, Apple agreed to take lower its revenue share to lure in Amazon Prime Video to iOS store, according to an email released by the US House Antitrust Subcommittee.Read More
Ladies and gentlemen, Epic Games has just pulled out an event, The Vault, which led to a massive 61 million monthly active users on its store, the Epic Games Store.Read More