All publications by tag «fortnite»
Microsoft sides with Epic amid dispute with Apple
Last week, Apple announced it would terminate all Epic’s developer accounts and block iOS and Mac development tools for the Fortnite company. Epic filed a motion for temporary restraning order on Apple’s actions. According to the documentation Epic submitted to the court, Apple’s decision does not simply target Fortnite on iOS and Mac devices. It’s also “a direct attack on the ongoing viability of the Unreal Engine” on those platforms.
Microsoft certaintly sees it that way.
Empire strikes back: Apple to terminate all Epic Games developer accounts severing Unreal support on iOS
Last week saw a major standoff between Apple and Epic Games. In response to a civil antitrust lawsuit filed by Epic against Apple, the latter decided to terminate all Epic’s developer accounts and block iOS and Mac development tools for the Fortnite company. The decision will come into force on August 28.
Epic Games to raise $750 million
Epic Games is about to raise a $750 million round of funding, which will value the company at about $17 billion. This is according to Bloomberg, which relies on sources familiar with the matter.
Existing investors including KKR & Co. will participate in the round, while some funding will come from new investors like T. Rowe Price Group Inc. and Baillie Gifford.
In 2018, the company behind Fortnite and Unreal Engine was valued at $15 billion.
Video games in and out of court (December 2019 — April 2020). Part One.
Our friends at law firm Semenov&Pevzner have put together an exhaustive overview of the most significant legal disputes that have impacted the video games industry since late 2019.
This overview covers both notable lawsuits and other impactful cases which have profoundly affected the industry without having made it to the courtroom.