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Epic only realized it had a ‘financial problem’ that led to layoffs 10 weeks ago
4K View2023-10-08During Unreal Fest 2023, Epic’s CEO Tim Sweeney announced: “We realized we were running into a financial problem that we had to solve quickly about 10 weeks ago”.
Sweeney also announced that Epic would be introducing a new pricing structure for Unreal Engine, making it more expensive to use — but not for game developers. He also restated Epic’s commitment to the Epic Games Store, its crusade against platform “overlords” like Apple and Google, and its mission to “build the metaverse.”
In his email to staff explaining the layoffs, Sweeney had confessed that Epic had been “spending way more money than we earn, investing in the next evolution of Epic and growing Fortnite as a metaverse-inspired ecosystem for creators. I had long been optimistic that we could power through this transition without layoffs, but in retrospect, I see that this was unrealistic.”
And he made a couple of references to how the company had been funded “heavily” by Fortnite revenue in recent years, a setup that appeared no longer to be sustainable.
Following the pricing controversy in Unity, more and more developers are becoming acutely aware of the high maintenance costs associated with game engines. Striking a balance between these increasing expenses and pricing will be a key determinant of whether the next generation of engines can garner greater favor among developers.
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Unity's oops moment: from 'show us the money' to 'sorry, our bad!'
How to make developers you dislike lose money and go bankrupt? In mid-September, the game engine company Unity came up with a method: download their games, download them repeatedly.
Sounds absurd, right? The more installations and downloads you get, it should typically mean more players liking your game. But Unity, the leading game engine company, has turned this joyful occurrence into a potentially terrifying bill.
TapTap Editor24K2023-09-26
Disney joins Epic in $1.5 billion deal to make a “games and entertainment universe” inside Fortnite
Disney announced that it has acquired a $1.5 billion stake in Fortnite developer Epic Games with an eye toward collaborating on “an all-new games and entertainment universe that will further expand the reach of beloved Disney stories and experiences.” This collaboration will include Disney-owned franchises including Pixar, Marvel, Star Wars, Avatar, and more.
Disney says the plan is for this to be a “world-class games experience” that has interoperability with Fortnite, but will also be a “new persistent universe” of its own powered by the Unreal Engine.
TapTap News14K2024-02-08
Disney X Epic Games
Disney and Epic Games to Create an Expansive, Open Universe of Games and Entertainment Connected to Fortnite: Disney and Epic Games will collaborate on a new universe of games and entertainment that will expand the reach of Disney stories and experiences. Disney will also invest $1.5 billion to acquire a stake in Epic Games alongside the multi-year project. The new persistent universe will offer several opportunities for consumers:
Celo Zaga782024-02-08
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