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& # 39; # 39 & Fortnite; Maker Epic Games brings $ 1.25 billion in new funding



<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Epic games, the producer of top-selling videogame Fortnite has received $ 1.25 billion in new funding from investors such as KKR, Iconiq Capital, and Smash Ventures. "data-reactid =" 18 "> Epic Games, the # 1 Video Game Maker Fortnite has raised $ 1.25 billion in new funds from investors such as KKR, Iconiq Capital and Smash Ventures

Disney and Endeavor are among those with small stakes in Epic. Chinese conglomerate Tencent owns 40% of the company, which was rated $ 5 billion to $ 8 billion by Bloomberg in the summer.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – -sm Mt (0.8em) – sm" type = "text" content = " Fortnite A breakthrough for the gaming sector by pulling tens of millions of players through a subscription model rather than a single one Activision and Electronic Arts are reportedly working on rivals for the final player Fortnite whose popular series is "Battle Royale "Dozens of players settle on an island where they must fight survival." data-reactid = "20"> Fortnite was a breakthrough for the gaming sector and attracted tens of millions of players through a subscription model held by the one-time sale of gaming units. Activision and Electronic Arts are reportedly working on rivals for the final player Fortnite whose popular series "Battle Royale" is setting dozens of players on an island where they will struggle to survive.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Another dimension of Fortnite, which can be found in the While many technology companies have been promoting social tools for years, Fortnite has proven to be a potent meeting place, holding games for hours in its environment and offering Epic extensive revenue-generating opportunities . "data-reactid =" 21 "> Another dimension of Fortnite's head of technology and media is the social element. While many technology companies have been promoting social tools for years, Fortnite has proven to be a potent gathering place, holding games for hours in its environment and providing Epic with rich revenue generation opportunities.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Sales of Fortnite are expected to reach $ 2 billion by the end of 2018. "data-reactid =" 22 "> Sales of Fortnite is expected to reach $ 2 billion by the end of 2018.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tim Sweeney, the epic of 1991 at the age of Founded 21 years ago and continues to be majority shareholder, early on brought a game developer platform called Unreal Engine, which grew along with Fortnite has enabled Epic 's indie ethos to make bold decisions like those announced in August instead of bypassing Fortnite The Google Play Store was instead only made available through the company's own website, a highly unusual step that has been criticized by industry insiders who believe users are vulnerable for malware. "data-reactid =" 23 "> Tim Sweeney, who founded Epic at the age of 21 in 1991 and remains its majority shareholder, launched a game development platform called the Unreal Engine early on e has grown along with Fortnite ]. Epic's Indie Ethos has made bold choices, as announced in August. It announced that the Android version of Fortnite will bypass the Google Play Store and will instead only be available through the company's own website. This highly unusual step has been criticized by industry insiders who believe users may become vulnerable to malware.

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<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " More from Deadline.com : Follow us on Twitter Facebook Newsletter "reactid =" 28 "> Get More from Deadline.com : Follow us on Twitter Facebook Newsletter


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