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Epic Games CEO Says Court Ruling Means ‘Apple Tax Is Dead'
PYMNTS.com· 2025-12-14 21:58
Core Viewpoint - The recent federal appeals court decision in the legal battle between Epic Games and Apple signifies the start of "true, untaxed competition in payments worldwide on iOS" according to Epic Games CEO Tim Sweeney [1][4]. Group 1: Legal Rulings - The appeals court upheld a previous ruling that Apple had engaged in anticompetitive conduct by ignoring a judge's order to allow developers to direct consumers to alternative payment options outside the App Store [2][5]. - The appeals court also indicated that a district court judge must consider allowing Apple to collect a commission on transactions made outside its App Store, although not at the previous rate of 27% [3]. Group 2: Implications for Competition - Sweeney emphasized that the ruling confirms the end of the "Apple Tax" in the USA, allowing for side-by-side placement of Apple payments and developer payments [3][4]. - The ruling is expected to foster competition by enabling developers to utilize third-party payment options, which could lead to lower costs for consumers [4][5].
Appeals Court Says Judge Must Consider Allowing Apple to Collect Commission
PYMNTS.com· 2025-12-12 00:29
Core Viewpoint - A federal appeals court ruling presents both a victory and a setback for Apple in its ongoing legal dispute with Epic Games, particularly regarding commission structures and antitrust allegations [1]. Group 1: Court Rulings - The appeals court ruled that a district court must reconsider allowing Apple to collect a commission on transactions made outside its App Store, although not the previous 27% commission [2]. - The appeals court rejected Apple's challenge to a prior ruling that found the company engaged in anticompetitive conduct, stating that Apple had ignored an order to allow developers to direct consumers to alternative payment options [3]. - An April ruling mandated that Apple must permit third-party payment options within its App Store, indicating that Apple had circumvented this order [4]. Group 2: Epic Games Response - Epic Games CEO Tim Sweeney announced that Fortnite would return to the U.S. iOS App Store, highlighting its success as the 2 most downloaded iOS game in 2025 [5]. - Sweeney also confirmed that Fortnite is available on Android through Google Play and the Epic Games Store, emphasizing a new era of open mobile gaming [6].
Johnson Fistel Begins Investigation on Behalf of Live Nation Entertainment, Inc. Shareholders
GlobeNewswire News Room· 2025-07-31 16:09
Core Viewpoint - Johnson Fistel, PLLP has initiated an investigation into Live Nation Entertainment, Inc. for potential breaches of fiduciary duties and violations of federal securities laws [1] Investigation Details - The investigation follows a class action complaint alleging that Live Nation made materially false and misleading statements and failed to disclose adverse facts about its business and operations [2] - Specific allegations include: 1. Live Nation engaged in anticompetitive conduct, such as charging high fees and retaliating against venues [2] 2. The company is likely to face regulatory scrutiny, fines, penalties, and reputational harm as a result of its actions [2] 3. Positive statements made by the Defendants regarding the company's business were materially misleading and lacked a reasonable basis [2] Shareholder Information - Current stockholders who held Live Nation stock before February 23, 2022, are encouraged to contact Johnson Fistel to discuss their legal rights [3]