Oliver joined Breakingviews in 2019 as a research assistant. He previously worked in market research and in academia. Oliver studied modern languages at the University of Bristol and philology at the University of Salamanca in Spain.
That’s the price tag implied by Epic Games’ $1.8 bln fundraising. The maker of the cult shoot-‘em-up game is now valued in line with bigger rivals Activision and Electronic Arts. Software and a nascent online store may diversify revenue, but survival depends on finding new fans.
“Coffeeland” recounts Englishman James Hill’s rise from travelling salesman to king of El Salvador’s coffee industry. Though his farms brought wealth to some, they made the country less equal and heavily reliant on one resource. Many African nations face a similar dilemma today.
New Microsoft and Sony consoles come out in 2020. Apple and Google want to be the Netflix of online play, and game makers like Activision Blizzard, Epic and EA hold a strong hand. But tighter scrutiny of gambling-style digital prizes will temper the $130 bln industry’s growth.