Epic Games (or Potomac Computer Systems, as it was then known) was formed back in 1991. It started as an IT consultancy company for the founder, Tim Sweeney, in Maryland before Sweeney switched to game development with the release ofZZT, a puzzle game for MS-DOS. Sweeney’s unexpected su...
Epic Games owns Fortnite; Tim Sweeney, co-founder and CEO, is the major shareholder, with more than 50% of the company. And Tencent with a stake of over 40% of the company. Epic Games develops, publishes, and distributes games. It comprises the Unreal Engine, making money through licens...
Flash forward to the present day. We find ourselves in the opening shots of what will probably come to be known as “the Game Store Portal Wars.” They are currently between the companies Valve and Epic Games. Valve owns the industry-leading behemoth online portal Steam, a clearinghouse and ...
Late Thursday night, President Donald Trump signed an executive order targeted at social media video platform TikTok and Tencent, a Chinese company that owns the studios behind major video games like League of Legends, Valorant, or Fortnite. If enforced, what does President Trump's executive order...
Since Nintendo owns some of the most popular game franchises of all time, the company has never felt much pressure to attract multi-platform developers. Yet with the Switch being so popular, developers have been stepping up anyway, at least when their games aren’t too graphically demanding. ...
5. ONLINE-ONLY GAME ADD-ONS Take-Two Interactive, which owns Rockstar Games, has used this model to great success by spinning offGrand Theft Auto OnlineandRed Dead OnlinefromGrand Theft Auto VandRed Dead Redemption 2, respectively. These are online-only titles you can purchase se...
The Shenzhen-based company owns Epic Games, which turned the industry on its head with "Fortnite" in 2017. Unlike other games, like "Call of Duty," that gamers pay $60 for, "Fortnite" is free. Epic makes money by selling virtual enhancements to gamers like special weapons, costumes and...
Google recognized that Epic might not accept its offer [for a better revenue split on in-app purchases]. “As a potential alternative”, a senior Google executive proposed thatGoogle “consider approaching Tencent”, a company that owns a minority stake in Epic, “to either (a) buy Epic sha...
Also, one of the key differences between e-sports and traditional sports is the fact that a company owns the intellectual property of the game. The NFL doesn’t own football, butActivision Blizzarddoes own the gameOverwatch. And the companies that own the IP behind the games like to take ...
(Although Apple alleges that Epic tried to negotiate a side deal just for itself before suing, suggesting that the company is more self-serving than it claims.) Epic has certainly shown that it can light fires with the help of its new Fortnite riches. After it loudly declared that Valve'...