Market News

Ubisoft Sues Google, Apple For Game Copyright Infringement

Video game company Ubisoft is said to have filed a lawsuit against Alphabet Inc.’s Google (GOOGL) and Apple Inc. (AAPL) alleging that the two tech giants are selling a game that’s a “near carbon copy” of its popular game “Tom Clancy’s Rainbow Six: Siege”.

Ubisoft accuses the companies of infringing on its copyrights by selling the game in the App Store and Play Store, Bloomberg reported. The game under dispute, also known Area F2, is developed by Alibaba’s (BABA) digital entertainment company Ejoy. Last month it was released for iPhone, iPad, and Android devices.

“Area F2 is a “near carbon copy” of Rainbow Six: Siege, and that can’t be “seriously be disputed,” Ubisoft said in a complaint filed Friday in a federal court in Los Angeles. “R6S is among the most popular competitive multiplayer games in the world, and is among Ubisoft’s most valuable intellectual properties.”

Rainbow Six: Siege has 55 million registered players around the world, with more than 3 million players everyday, according to the lawsuit.

“Ubisoft’s competitors are constantly looking for ways to piggyback on R6S’s popularity and to capture the attention, and money, of R6S players,” Ubisoft said in the lawsuit. “Virtually every aspect of AF2 is copied from R6S, from the operator selection screen to the final scoring screen, and everything in between.”

Ubisoft said that Apple and Google have “refused” to take the game off their respective online stores even after being notified about the infringement.

In the past two months, shares in Google and Apple have seen a steady recovery from the coronavirus headwinds driven by increased demand for their remote products and services at a time when more and more people were ordered to stay at home.

Looking at the digital giants’ ratings, TipRanks data shows that the consensus of Wall Street analysts rates both Google and Apple as a Strong Buy. Google’s $1,488.09 average price target implies 8.4% upside potential in the coming year, while Apple’s $320.39 average price target means shares are projected to advance 4.1% in the next 12 months. (See Apple stock analysis on TipRanks).

Related News:
President Trump Takes Aim at Digital Tech Giants From Google to Twitter
Amazon Urges Congress to Establish a Law Against Price Gouging
Apple is Said to Snap Up Startup NextVR For Virtual Reality Content; Top Analyst Sees Buying Opportunity

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More