Epic Games Overestimated Revenue expected from “Fortnite” In 2019

Epic games reportedly overestimated the amount of revenue the company expected to generate from Fortnite-related esports in 2019 by $154 million. This information comes from new documents recently submitted in the Apple-Epic Games antitrust lawsuit.

In July of 2019, Epic Games hosted the Fortnite World Cup in New York City. The tournament featured a prize pool of $30 million. Leading up to that competition, Epic games also ran a series of online qualifiers to help assemble the roster for the event.

2019 was an incredibly down year for Epic Games in general. Beyond the failures of Fortnite, the company revealed the Epic Games Store lost $181 million in 2019 as well.

In late March, Epic Games filed a complaint against Apple through a British regulator. The company reportedly filed a complaint with Britain’s competition regulator demanding an investigation into Apple’s “anti-competitive behavior.” The federal trial between Apple and Epic Games began on May 3rd, 2021.

(All information was provided by Dot Esports, DSOGEuroGamer, Apple InsiderTom’s GuideHindustan Times, and Yahoo! Finance)

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