Sunday, 29 March 2020

Epic Games


Epic Games, Inc. is an American video game and software development company based in Cary, North Carolina. The company was founded by Tim Sweeney as Potomac Computer Systems in 1991, initially located at his parents' home in Potomac, Maryland. After the release of its first commercial video game, ZZT (1991), the company became Epic MegaGames, Inc. in early 1992 and brought in Mark Rein, who is the company's vice president to date. Moving their headquarters to Cary in 1999, the name of the studio was simplified to Epic Games.
Epic Games
Epic Games
(www.epicgames.com)
Epic Games developed Unreal Engine, a commercially available game engine that also strengthens internally developed video games, such as Fortnite and Unreal, Gears of War, and the Infinity Blade series. In 2014, Unreal Engine was named the "most successful videogame engine" by Guinness World Records.
Epic Games has video game developers, Chair Entertainment and Psyonix, and cloud-based software developer Cloudgine, and operates eponymous sub-studios in Seattle, England, Berlin, Yokohama, and Seoul. While Sweeney remains the majority shareholder, Tencent acquired 48.4% of the outstanding shares, equivalent to 40% of Epic's total, in the company in 2012, as part of an agreement aimed at moving Epic towards play as a service model. After releasing the popular Fortnite Battle Royale in 2017, the company obtained additional investment that allowed it to expand the Unreal Engine offering, build export events around Fortnite, and launch the Epic Games Store. In 2018, the company has an estimated US $ 15 billion valuation.

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