Technology
Why did Fortnite maker Epic Games need to raise $1.3b? – The Australian Financial Review
We live in a time where a company selling fake clothes to real people in a fake world generates $6 million per day, but Epic’s $1.3 billion raise leaves questions…
Compare Fortnite with my favourite game Red Dead Redemption 2 (RDR2), a Triple-A from the $27 billion Nasdaq-listed company Take 2 Interactive. Two thousand people worked for seven years to develop RDR2 at a cost of perhaps $600 million. Launched with a single-player story and a price exceeding $100, it grossed almost $1 billion in its first weekend thats 25 per cent more than blockbuster movie Avengers: Infinity War.
Its numbers like these that drive valuations into the tens of billions.
Yet Fortnite…
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