Fortnite is ‘the hottest game’ in years — and it’s new business model could turn the video game industry upside down (TTWO, ATVI)
Epic Games
Fortnite, a Battle Royale-style game, is stealing attention away from games like Call of Duty and Grand Theft Auto Online. The game is 100% free on consoles, which presents a challenge to video game company rivals like Activision Blizzard and Take-Two Interactive Software. Activision Blizzard and Take-Two Interactive Software shares have fallen, but the dip in prices is a buying opportunity according to Jefferies. Watch Activision Blizzard and Take-Two Interactive trade in real time.
Epic Games’ Battle Royale-style game, Fortnite, is taking the gaming community by storm.
Fortnite is “undeniably the hottest game we’ve seen in years,” Jefferies analyst Timothy O’Shea wrote in a note. “The most notable aspect of Fortnite is its business model: the game is 100% free on consoles.” Because Fortnite has been a pre-existing game, Epic Games had an easier time offering the game for free on consoles, according to O’Shea. See the rest of the story at Business Insider
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