Epic, Maker of Fortnite, Raises $1.25 Billion
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...
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