4 ms·

Quite stunned that Fortnites 5bn per year isn't enough to keep them going. They've been pull about that much in per year since 2019 AFAIK. I really hope this

Quite stunned that Fortnites 5bn per year isn't enough to keep them going. They've been pull about that much in per year since 2019 AFAIK. I really hope this one have knock ons for Unreal Engine or lead to Unity like licensing. Their indie grants are also quite generous.

lentil_soup 7mo ago
I also don't understand, this is just a failure from Tim Sweeney being blamed on external factors. With that amount of money and the IPs they own he should have been able to keep the company going but didn't.
shimman 7mo ago
Of course it's enough, the problem is greed. They must perform ritual sacrifices to appease the market gods.
- leetharris 7mo ago
  They aren't publicly traded.
  - shimman 7mo ago
    You're right they don't have a board and definitely weren't punished by both the FTC/DOJ for anti-trust and manipulative business practices. Just a small mom and pop shop that somehow seems to elude themselves from the typical braindead MBA playbook of ruining lives to justify their shitty business decisions. Hopefully the beloved indie game studio can navigate these waters successfully! Lots of sharks out there that like to rat fuck the commons for personal gain, wouldn't want that to happen to the gaming company that helped normalize gambling to children.
    - dallen33 7mo ago
      Amen.
  - malux85 7mo ago
    Market in this context doesn't necessarily mean the publicly traded markets, it can mean the investor market (and their ability to raise), the financial market (their ability to get loans or other financial products), all of these things are dependent on their overall company performance, which can be manipulated in the short term by mass firing 1k employees so some executive can hit a KPI and get their bonus. Ya know, sociopathic stuff like that.
  - a_victorp 7mo ago
    Just a company with 40%+ of ownership from Tencent, Disney and Sony (all public traded companies). You could have googled this
- kotaKat 7mo ago
  They just hiked VBucks prices too... conveniently after they "won" their settlement with Google that includes a full on anti-disparagement clause against Google but fully allows them to keep on attacking Apple as much as they wish.
  - ericmay 7mo ago
    It's really strange too. I thought these settlements and 3rd party app stores would lower prices, but prices continue to go up! And now as prices are going up, Epic is also laying off workers? Hmmm.
- ryandrake 7mo ago
  To corporations, "enough" is not even a word. Line must go up and to the right, forever. There is not even the concept of "enough."
  - rockyj 7mo ago
    Line goes up is also not enough anymore. The slope of line going up is most important. You made 10bn last year, but only 9 bn this year - this means time for some layoffs to please "the market". I have no way to explain this world we live in.
    - mort96 7mo ago
      "The line" referenced by "line goes up" is typically understood to be revenue or profit, so if you made 10bn last year but only 9bn this year, "the line" actually went down even if you have more money at the end of this year than at the end of last year.
fleroviumna 7mo ago
[dead]
npinsker 7mo ago
Why would the company not doing well in one area lead to more generous terms in a different area that is doing well?
ux266478 7mo ago
One has to wonder what the annual bill of licensing costs looks like.
TiredOfLife 7mo ago
It was 5 billion in 2018 and only 4 2019.

lentil_soup 7mo ago

I also don't understand, this is just a failure from Tim Sweeney being blamed on external factors. With that amount of money and the IPs they own he should have been able to keep the company going but didn't.

shimman 7mo ago

Of course it's enough, the problem is greed. They must perform ritual sacrifices to appease the market gods.

leetharris 7mo ago
They aren't publicly traded.
- shimman 7mo ago
  You're right they don't have a board and definitely weren't punished by both the FTC/DOJ for anti-trust and manipulative business practices. Just a small mom and pop shop that somehow seems to elude themselves from the typical braindead MBA playbook of ruining lives to justify their shitty business decisions. Hopefully the beloved indie game studio can navigate these waters successfully! Lots of sharks out there that like to rat fuck the commons for personal gain, wouldn't want that to happen to the gaming company that helped normalize gambling to children.
  - dallen33 7mo ago
    Amen.
- malux85 7mo ago
  Market in this context doesn't necessarily mean the publicly traded markets, it can mean the investor market (and their ability to raise), the financial market (their ability to get loans or other financial products), all of these things are dependent on their overall company performance, which can be manipulated in the short term by mass firing 1k employees so some executive can hit a KPI and get their bonus. Ya know, sociopathic stuff like that.
- a_victorp 7mo ago
  Just a company with 40%+ of ownership from Tencent, Disney and Sony (all public traded companies). You could have googled this
kotaKat 7mo ago
They just hiked VBucks prices too... conveniently after they "won" their settlement with Google that includes a full on anti-disparagement clause against Google but fully allows them to keep on attacking Apple as much as they wish.
- ericmay 7mo ago
  It's really strange too. I thought these settlements and 3rd party app stores would lower prices, but prices continue to go up! And now as prices are going up, Epic is also laying off workers? Hmmm.
ryandrake 7mo ago
To corporations, "enough" is not even a word. Line must go up and to the right, forever. There is not even the concept of "enough."
- rockyj 7mo ago
  Line goes up is also not enough anymore. The slope of line going up is most important. You made 10bn last year, but only 9 bn this year - this means time for some layoffs to please "the market". I have no way to explain this world we live in.
  - mort96 7mo ago
    "The line" referenced by "line goes up" is typically understood to be revenue or profit, so if you made 10bn last year but only 9bn this year, "the line" actually went down even if you have more money at the end of this year than at the end of last year.

fleroviumna 7mo ago

[dead]

npinsker 7mo ago

Why would the company not doing well in one area lead to more generous terms in a different area that is doing well?

ux266478 7mo ago

One has to wonder what the annual bill of licensing costs looks like.

TiredOfLife 7mo ago

It was 5 billion in 2018 and only 4 2019.