Yeah, it’s one thing to be solvent, successful, and secure. It’s another thing entirely to throw around millions to snatch up exclusive deals and build out an entirely new business strategy.
Your friend of a friend lied, Epic’s financial information isn’t (and has never been) disclosed in such a manner.
KevinC
5051
It’s a smart business move. They’re flush with Fortnite cash on top of an already successful business, but the Fortnite gravy train won’t run forever. They need to capitalize on having such a great revenue stream and having a bunch of eyeballs on their launcher/store.
I just wish they’d spend a little less on exclusives and a lot more on bringing their store up to par. I want to want to shop there and Valve could really use competition.
I’m curious how you can speak to the Unreal Engine’s finances?
Enidigm
5053
S!
This thread is hilarious. People need to take this energy into politics instead of buying PC games.
They are a publicly traded company, anyone can look at how they started raking money in hand-over-fist when Fortnite was released.
Bluddy
5055
Or perhaps the opposite is true? Perhaps it’s better not to bring this energy into politics?
Wrong. Epic is privately held.
Enidigm
5057
No, we need political reform (as an aside) and shooting your proverbial bolt over which store to buy your PC games from really is
stusser
5059
So your position is that Fortnite Battle Royale was not a huge influx of money when compared to engine licensing, and Epic would have financed the Epic Store complete with subsidized exclusives anyway?
@KevinC: Mythical man month there. Throwing money at a problem doesn’t necessarily fix it faster.
You are correct, thank you for pointing that out. However, they still report their earnings, because becoming a self-made billionaire, skyrocketing the valuation of your company, and large conservation efforts that you have personally undertaken are all things Tim Sweeney likes to talk about.
Bloomberg articles have a nasty habit of throwing up paywalls randomly, let me know if I need to screenshot the relevant paragraphs.
My position is that I’m questioning how anyone outside of Epic Games can speak to UE’s financial information.
LockerK
5062
It’s weird that someone who’s tried to present themselves as an impartial third party who just really wants to see competition in the marketplace would have such intimate knowled-
Oh.
stusser
5064
I didn’t say or imply I had insider knowledge, it’s widely reported in the media as Zalmoxis posted.
The monitor thing was either the craziest thing I’ve heard in at least the past 70 minutes or BS. I would have bet on BS.
To be fair. I think @Lunarstorm is basically right on the subject of what’s publicly known about Epic’s financials. They’re not a publicly traded company, so none of their books are open.
That said, I stick to what I wrote. There’s a clear dividing line on Epic’s business strategy that begins when Fortnite went nuclear.
jsnell
5067
As far as I can see, that article doesn’t have any quotes from Epic about their revenue. It’s just informed guesses by a third-party analyst.
That’s fine, money isn’t real.
jsnell
5069
Sorry, I don’t speak Darmok. Is that you admitting you were wrong about Epic doesn’t report their revenues publicly?
