All publications by tag «fortnite»

News

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. 

News

Epic launches Fortnite on Google Play citing pressure from Google

Fortnite has been available on Android for 18 months as a direct download from Epic Games’ website. The company has refused to launch the title on Google Play since Google requires all games on the store to use Google’s payment service for in-app purchase. And that means, of course, giving 30% of IAP revenue to Google, something that Epic has been able to avoid until now.

As of this week, Fortnite is available to download from Google Play.

News

Epic calls SuperData’s Fortnite revenue intel wildly inaccurate

Last week, SuperData released a report claiming that Fortnite’s revenue has “hit their lowest level since November 2017.”

Yesterday, Epic Games issued the following statement:

“SuperData does not and has not ever had access to Epic’s Fortnite revenue data, and SuperData’s reports do not accurately reflect Fortnite’s performance.

 

We are disappointed that SuperData has repeatedly published wildly inaccurate reports about Fortnite based on what we believe is questionable methodology.