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method114 said:
I didn't think they would allow PUBG on PS4 since it would directly compete with H1Z1.

Sony sold H1Z1-developer, Sony Online Entertainment (now Daybreak Games), long before PUBG was even a thing (February 2015 vs March 2017).

It has nothing to do with H1Z1. Microsoft brought PUBG to XB1 with 1 year timed exclusivity.