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Epic Games announces Apple withdrawal and reinstates European accounts (NASDAQ:AAPL)

thedailyposting.comBy thedailyposting.comMarch 8, 2024No Comments

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Game industry conference GDC held in San Francisco

Justin Sullivan

apple (NASDAQ:AAPL) has withdrawn from the controversy over its app store payment model and reinstated its Epic Games developer account amid intense backlash in Europe.

Apple (AAPL) moved this week to terminate Epic’s developer account. It was planned to be used to introduce the Epic Games Store and make the game a hit. fortnite On iOS devices in Europe.

This prompted the European Commission to act quickly, with EU Commissioner Thierry Breton saying: “Under the DMA, there is no room for threats by gatekeepers to silence developers. “We have asked them to investigate Apple’s termination of Epic’s developer account.” It’s a priority. ”

Now, “Apple has informed and committed to the European Commission that it will reinstate our developer accounts,” Epic Games said. “This sends a strong signal to developers that the European Commission will act quickly to enforce digital market law and hold gatekeepers to account. fortnite Europe will revert to iOS. Go ahead! ”

“DMA has just experienced its first major challenge with Apple banning Epic Games Sweden from competing with the App Store, but DMA has just achieved its first major victory,” Epic owner Tim Sweeney said in a statement. , said on the X Platform, formerly known as Twitter. “A huge victory for the rule of law in Europe, the European Commission and the freedom of developers around the world to have their voices heard.”

“After discussions with Epic, Epic has committed to following the rules, including our DMA policy,” Apple said in a statement. “As a result, Epic Wednesday AB has been permitted to re-sign the developer agreement and be admitted to the Apple Developer Program.”

Epic Games is majority owned by Sweeney, with Tencent (OTCPK:TCEHY) holding a 40% stake and Sony (SONY) holding just over 5%. Walt Disney (DIS) has moved to invest his $1.5 billion in Epic to build a new Disney digital experience.

After 2pm on Friday, Apple (AAPL) stock price was 2.3% increasewhich ranked among the top technology gains of the day.

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