It has been an excellent year for the most famous gaming company Fortnite. With a great deal in the gaming business – Fortnite has already received their new year’s present.
Now for people who don’t know what Fortnite is, let us tell it to you in short – this is a game which can be played free of cost and anyone can play it. Now the next question that comes in your mind is about how is the company raising money when it’s a free game – so what they do is, they sell its digital items which have been the standout title for the U.S.-based game publisher.
According to the Wall Street Journal, in the last fall of September, Epic had commanded a valuation of nearly $15 billion. As marquee investors like KKR, Kleiner Perkins and Lightspeed have piled on in a $1.25 billion over the rusting of the red-hot development firm.
The most famous maker of the most blockbuster chat app named WeChat and a prolific games firm in its own right. This made them the first outside investor in the history of Epic’s business back in the year 2012. This deal had been done by $330 million in exchange and gave a 40 percent stake in the company.
Epic was best known for their Unreal Engine in the back days. A third-party development platform still operates that game today and is also on the top-selling titles like the Gears of War.
Epic is a private company, so they keep all their financials closely guarded. Fortnite is a cross-platform title which supports devices like PlayStation, Xbox, Switch, PC, Mac, Android, and iOS.
So as Epic Games has already grossed over a $3 billion profit for this year with the continued success of the game Fortnite. This profit earns an opening to a New Window.