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The Epic Games Store Has Not Turned A Profit Yet According To Tim Sweeney Despite the success of Fortnite, the Epic Games Store itself has cost Epic Games millions of dollars. Unlike Fortnite, the Epic Games Store seems to be losing money for its operator. According to Epic Games CEO Tim Sweeney, the digital storefront is hundreds of millions of dollars short of being profitable. According to Sweeney s testimony from the Epic Games Vs. Apple trial, the company s digital platform will be in the green within three or four years. Additionally, the Washington Post reported that a document entered into evidence for the trial showed that the Epic Games Store required a $359 million investment from Epic Games from the year following its launch. According to another document given to the court on April 8, Epic expects the Epic Games Store to begin turning a profit for the company in 2023. ....
Follow CNN Business Tim Sweeney, chief executive and founder of the video game maker Epic Games, at the company s headquarters in Cary, N.C., on July 17, 2020. Sweeney has written that he is fighting for open platforms and policy changes equally benefiting all developers. The man behind Fortnite is making the riskiest bet of his career. The payoff could be huge Updated 8:24 AM ET, Wed February 10, 2021 (CNN Business)Over the course of his career Tim Sweeney has been unafraid to take on tech industry giants. The CEO and founder of Epic Games has had a knack for picking the right battles while also shoring up his company s independence. Fortnite, the company s blockbuster battle royale game, recently topped more than 15 million concurrent players and has spawned a universe of fandom. Epic challenged ....
Eric Abent - Dec 23, 2020, 2:09pm CST The free Epic Games Store title has rotated once again, and those who are familiar with the leaks likely already know what today’s new game is. Fans of city building and management games will definitely want to check this one out, as the game up for grabs now is Tropico 5. It’ll be available for the next day, rotating out for yet another free game tomorrow at 11 AM EST. As a reminder, this is a promotion that Epic Games is running as part of its holiday sale. While the Epic Games Store typically offers a new free game every week, it’ll be offering a new free game every day until December 31st. ....