Cliff Bleszinski stops by the GT stage and gives us a rundown of Beast Mode, as well as the new enemies and weapons.
The court docs from the Epic vs. Google court case have revealed that Google once thought about teaming up with Tencent to buy Epic Games.
Last thing we need is Tencent having that big of a presents globally in gaming, especially with Google.
Epic Games is back in court as their antitrust trial against Google commences today, with Epic hoping to force Google to change policies.
Yeah but I’m sure they will see a big boost again with the ER DLC coming out and hopefully announced next month at The Game Awards. No worries here.
didnt they lose on most of their claims against apple ?
not sure going after google is the best of ideas ha.
Earlier today Tim Sweeney sent the following email to Epic employees:
Hi everyone,
As we shared earlier, we are laying off around 16% of Epic employees. We're divesting Bandcamp and spinning off most of SuperAwesome.
"We are laying off around 830 employees, or 16% of jobs. About two-thirds of the layoffs were in teams outside of core development. Around 250 people are leaving Epic through our divestitures from Bandcamp and SuperAwesome."
Super sad. I hope they will find another job soon.
It really is sad.
Epic Games Profit:
2018: $3.7 billion
2019: $1.83 billion
2020: $1.67 billion
2021: $1.19 billion
You can see how they just couldn't afford them.
lol.
If they are not core teams, then they are not needed.
Developers always get new jobs because it's an art what a dev does imo.
"For a while now, we've been spending way more money than we earn"
That's a joke right? The amount they get off Fornite enough is insane.
You'd think that sure, but their profit has been dropping year on year. 2018-2021 they dropped over 60% for example.
These companies arent printing money in the ways we like to think, their overheads are massive.
Exactly. Not to mention the amount of money they've spent over the years to keep games off of Steam.
Some of that loss of money is their fault though...like the lawsuit vs apple. Fortnight still isn't back on apple stores and that game made more than a 1 billion on the apple store.
@VersusDMC
Exactly. Tim Sweeney's ego got him involved in the Apple lawsuit. He took a great risk, gambled and lost. Now the company, namely people, are suffering from it. That Fortnite one billion USD would have kept the engine going (no pun intended).
This goes to show you cooperate and work together with large companies instead of take them on legally. This is a good morality and reality check to Tim and his leadership team, and hopefully he makes decisions in the future that won't affect the people in the company. He needs to feel the pain of laying off staff (leaders say it is the single most painful experience in their careers) and take the public humiliation. Only then he can regroup and refocus.
I would say that as a leader it is okay to make mistakes and sometimes they cost dearly. We are all people after all.
Fortnite generates tons of revenue but probably not as much profit. At least I imagine that those collabs that have been pushing the game for the last couple of years are not cheap.
Then we have all the other fronts where they spend money willy-nilly. They made a bunch of acquisitions, paid millions for PC exclusivity of some games, paid for those free EGS games, lost revenue on EGS coupons, lost money on lawsuits and offered a bunch of grants as well.
You also forget that they also give free games every 2 weeks or so. I have 357 free games from them and I only bought 2 with discount coupons.
About 9000 employees. Assume an average of about $100,000/year per employee in salary and benefits. That’s at least $1B/year in labor costs. That’s a lot of micro-transactions to buy.
They just lost a massive class action lawsuit because of Fortnite. Regardless of what anyone says, this probably has a LOT to do with the sudden layoffs.
The fact that these evil dinguses acquired Harmonix to make Fort skins makes me absolutely depressed af
2 words... BEAST MODE!
You gotta check out this video, he mentions how you can play as virtually any locust including tickers & Boomers. Can't wait.