Epic’s Tim Sweeney Defends Epic Games Store and Himself, Says Exclusives Are a Legitimate Way to Compete
https://wccftech.com/tim-sweeney-defends-epic-games-store/
Tim Sweeney is somewhat of a legend among game programmers, being the founder of Epic Games and creator of the Unreal Engine. As the controlling shareholder of Epic Games, his net worth dramatically increased thanks to the global success of Fortnite and is now estimated by Bloomberg to be around $7.18 billion, while the company itself is estimated to be worth $15 billion.
Tim Sweeney and Epic Games as a whole haven’t been idle with all this cash lying around. They’re doubling down the investments on their ever-so-popular Unreal Engine, of course, but they’ve also ambitiously launched the gauntlet to Valve and its dominant Steam platform with the brand new Epic Games Store. The big promise made to game developers is that 88% of the proceeds will go into their pockets, compared to 70% on Steam due to Valve’s 30% cut that many developers feel to be just too high in 2019.