Another shocking news comes from Epic Game CEO, who announced that they will put Fortnite on any store including Steam without a 30% fee. After this announcement, the internet was stormed with numerous articles and rumors of the upcoming consequences of the announcement.
Previously, the company made such a shocking announcement that no one saw it coming. Excited to know more about it? Well, that’s why we are here, so without any delays, let’s dive in.
Epic Game CEO Announcement
Earlier, Epic Game CEO announced lay off for a whopping percentage of 16% of the employees. In numbers that accounted for approximately 830 employees.
This news by Tim Sweeney was way too shocking and not a single soul saw this coming. Well, the reasons for so are pretty obvious.
Recently the Epic Game has been enjoying good revenue generated by Fortnite and Unreal Engine licensing program. This is one more successful venture by the Epic Game which literally paid it off.
The reason for this layoff was explained by the Epic Game CEO in a simple and short note. Tim said, “Some parts of the company had become disconnected from their own revenue sources, and when the proverbial golden goose couldn’t quite cover for them anymore, there was no recourse but to reduce the personnel”.
We can assume the other reason is the heavy investment made by the company for the Epic Game Store. This is to leverage game developers as well as users. Moreover, the funding of Epic Game for the legal fights against tech giants like Google and Apple are burdensome.
Regardless of this setback, the Epic Game CEO again doubled the company’s core initiatives. This indicates Tim’s strong determination for his vision.
In this situation, the morale booster for the Epic Game CEO is the feats that the company is achieving. Firstly, Fortnite is becoming very famous all over the world, and recently it broke the new player count records.
This is all because of its new OG season, and now the player has reached 100 million players in November. However, that’s just the beginning and there is more to count.
Another victory for the company is the increasing popularity of Chapter 5 Season 1, Lego Fortnite, Rocket Racing and the recently launched Fortnite Festival. In the middle of all these feats, the biggest one is the recent ruling by the US Federal Court of the Northern District of California.
As you may already know the Epic Game CEO has been fighting against Google and Apple. The fight is for their monopolistic control of the iOS and Android environments, and the hefty sum (30%) they charge for all purchases made in their stores.
The recent verdict unanimously ruled against Google’s monopolistic practices. Now according to Tim, next turn is of Apple.
