As of April 2022, the company has a US$32 billion equity valuation. Following the release of the popular Fortnite Battle Royale in 2017, the company gained additional investments that enabled to expand its Unreal Engine offerings, establish esport events around Fortnite, and launch the Epic Games Store. While Sweeney remains the controlling shareholder, Tencent acquired a 48.4% outstanding stake, equating to 40% of total Epic, in the company in 2012, as part of an agreement aimed at moving Epic towards a games as a service model.
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Įpic Games owns the game developers Chair Entertainment, Psyonix, Mediatonic and Harmonix, as well as cloud-based software developer Cloudgine, and operates studios in Seattle, England, Berlin, Yokohama and Seoul.
In 2014, Unreal Engine was named the "most successful videogame engine" by Guinness World Records. Moving their headquarters to Cary in 1999, the studio's name was simplified to Epic Games.Įpic Games develops Unreal Engine, a commercially available game engine which also powers their internally developed video games, such as Fortnite and the Unreal, Gears of War and Infinity Blade series. in early 1992 and brought on Mark Rein, who has been its vice president since. Following his first commercial video game release, ZZT (1991), the company became Epic MegaGames, Inc.
The company was founded by Tim Sweeney as Potomac Computer Systems in 1991, originally located in his parents' house in Potomac, Maryland. is an American video game and software developer and publisher based in Cary, North Carolina.
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