After the success of the Fortnite World Cup Finals in New York over the weekend, D.A. Davidson said the battle royale game franchise is "alive and well.
The event is a positive data point for the emergence of esports, analyst Tom Forte said in a Monday note.
The Fortnite World Cup solidifies the view that esports represents a secular shift and is a global phenomenon, not a fad, Forte said.
The "Fortnite" franchise is durable and has secured a place in a growing esports universe, he said.
Kyle "Bugha" Giersdorf took home the singles division championship and the $3-million prize at the tournament.
Overall, Epic Games offered $30 million in prize money at the Fortnite World Cup Finals.
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