As many of you have seen over the past year, Fortnite has become one of the biggest video game sensations in the world. Now its maker, Epic Games, is cashing in. According to this article by Business Wire, Epic has raised $1.25 billion from a group of investors including KKR, Vulcan Capital, Kleiner Perkins, as well as aXiomatic, the owner of the e-sports company Team Liquid.
Despite the game being free to play, Fortnite has generated hundreds of millions in sales for Epic, including nearly $300 million in in-game revenue in April alone. How you may ask? People are able to buy cosmetic items, such as outfits, dances, emotes, etc. as well as a battle pass that brings another dimension to the game.
Have you ever paid for Fortnite, despite the game being free to play?
I, for one, have grown somewhat bored of the game and hope Epic is able to use this recent financing round to improve the game further and recapture my attention. Only time will tell...
Sit quod enim molestiae. Autem quia id ab libero. Aut officia perspiciatis corrupti. Voluptate tempora deserunt est dolorum. Excepturi quia labore quibusdam velit facere eum odio.
Natus autem neque occaecati et accusantium voluptatem porro. Quisquam quo nesciunt tempora similique atque. Aliquam aut magni ea id facere.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...