Exciting Events Goes Into Liquidation Following Lawsuit by Epic Games
Exciting Events, the company responsible for the failed Norwich Fortnite Live festival, has now gone into liquidation after a lawsuit was filed against it by Epic Games in London’s high court. Epic Games took legal action due to Exciting Events hosting a Fortnite-inspired event without the necessary authorization, and also using Epic’s trademarks and intellectual properties. The case was taken to court yesterday.
The festival itself was met with chaos, as reported by attendees. Despite there being around 2,800 people at the event, there were very limited spaces and activities available for the children to play simultaneously. For example, there was an archery stand that could only accommodate four children at a time. This resulted in numerous parents demanding refunds, as they felt that the event did not meet the advertised infrastructure.
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In response to the situation, Exciting Events’ director, Shaun Lord, stated in an email to ticket holders that the legal proceedings initiated by Epic Games have had a devastating impact on the company’s ability to continue trading. As a result, Exciting Events Limited is now ceasing all trading activities immediately. Shaun Lord also expressed his intention to minimize the losses incurred by third parties as much as possible.
Exciting Events has announced that its assets will be sold to generate cash, which will then be distributed among the company’s creditors. This includes HMRC as the primary creditor. Any remaining funds will be divided equally among other creditors.
It is important to note that all Fortnite Live Spalding and Newark ticket holders will automatically be included on the creditor list. No exceptions will be made to this rule.
This liquidation also has the consequence of ending any future Fortnite Live events organized by Exciting Events.
