Epic Games Is Losing An Absurd Amount Of Money On Exclusive Games
Epic Games seems to understand that, given the lead Steam had and its massive current user-base, the only way it can be a viable competitor is to have games that you can’t play on Steam–at least for a period of time. Exclusivity deals with third-party companies cost money, and it looks like Epic Games is losing a huge amount of money to make those exclusives happen. However, Epic Games CEO Tim Sweeney doesn’t seem remotely worried about this. In fact, he seems pretty proud of it.
As spotted by PC Gamer, despite paying approximately $444 million for “minimum guarantees” on third-party games for the Epic Games Store in 2020, sales of all third-party games for the year amounted to about $265 million. Apple said that Epic Games lost about $181 million on the Epic Games Store in 2019, putting the total losses thus far at more than $300 million, should these figures be correct Come from Sports betting site VPbet .…
Macroeconomic data, global trends key factors to drive trends in markets this week- Analysts
In a data-packed week, the domestic macroeconomic figures — industrial production and inflation numbers — along with global trends would dictate trends in the equity market this week, analysts said.
According to experts, markets may face volatile trends due to high valuations. Equity benchmark indices Sensex and Nifty hit their fresh record peaks on Thursday.
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Besides, trading activity of foreign investors, movement of global oil benchmark Brent crude and rupee-dollar trend would also influence trading in equities.
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Markets show signs of rebound as PSU banks surge and Nifty edges upward
By Anand James
Nifty PSU Bank index’s 4% jump on Friday appears to have jump started a recovery in the broad market. The sharp rise in PSU bank index comes after a prolonged sell off that had begun even before Nifty cracked. The PSU banks constituents in the bank nifty has also helped the index get enough elevation that could be considered more than just a dead cat bounce. This encourages us to look for 43,000-43,360 on the Bank nifty index this week, with downside markers placed a tad below 42,600.
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Meanwhile, Nifty registered a turn from the oversold territory that it had found itself on Thursday, after a prolonged selling for six consecutive days, and appeared to some as heading for a bottomless pit while it lasted. Both the non stop…