![]() ![]() Who Owns Epic Games?Įpic Games creator and CEO, Tom Sweeney, holds more than half of the company’s equity. The company value is US$28.7 billion in equity as of April 2022. Thus, allowing it to extend its Unreal Engine products, create export events centered on Fortnite, and launch the Epic Games Store. The company received further funding following the popular Fortnite Battle Royale’s release in 2017. It was part of a deal to transition Epic to a games-as-a-service model. While Sweeney remains the company’s principal shareholder, Tencent purchased a 48.4% outstanding position in the company in 2012, corresponding to 40% of total Epic. The studio’s name was shortened to Epic Games once they relocated to Cary in 1999.Įpic Games owns and manages sub-studios in England, Seattle, Yokohama, Berlin, and Seoul video game companies Chair Entertainment, Psyonix, Mediatonic, and Harmonix, and cloud-based software company Cloudgine. In early 1992, they hired Mark Rein, currently the company’s vice president. after launching its first commercial video game, ZZT (1991). The company was renamed Epic MegaGames, Inc. It was initially set up in his parents’ house in Potomac, Maryland. History of Epic GamesĮpic Games was set up in 1991 by Tim Sweeney as Potomac Computer Systems. However, Epic Games is not now available for purchase on the stock market because it is a private corporation that is not tradable. Parents are keen to buy Epic Games stock since they see how much money their children spend on Fortnite.Īlthough Fortnite is free to play, Epic Games makes money by selling an $11.99 per month Fortnite Crew Experience membership that grants users access to more weapons and benefits. This is What You Need to Know About Epic Games Stock Epic Games reported that Fortnite has more than 350 million registered gamers.įor those looking to acquire Epic Games stock and options, this makes it an interesting investment. Many players and investors want a share of Epic Games (MMOGs). Sadly for investors, investing in Epic Games stock is no different – the stock isn’t publicly listed but there are alternatives, and this post explains what they are.įounded in 1991, Epic Games is an American MNC with headquarters in Cary, North Carolina, and more than 40 offices worldwide. Epic is now a renowned interactive entertainment company and 3D engine technology provider.Įpic Games creates and markets Hitman and Fortnite, one of the world’s most popular and fastest-growing massive multiplayer online (MMO) games. In each post, I explain how, while investors can’t invest directly in the company, there are alternative investment vehicles available. In the series, I’ve covered Hulu, SpaceX, Instagram, Subway, and Popeyes. This post is part of a series on popular but unlisted companies.
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