Epic Games Unveils Strategic Plans for the Next Decade
Epic Games' Financial Turnaround
Just over a year ago, Epic Games made headlines by laying off around 16 percent of its workforce due to overspending on ambitious projects. CEO Tim Sweeney disclosed in an internal email that financial sustainability was a growing concern as they had been spending far more than they were earning.
Unreal Fest Keynote Highlights
During a packed keynote session at the Unreal Fest conference in Seattle, Sweeney announced that Epic is now financially sound and ready to invest in the future. He shared updates on:
- Unreal Engine 5: Major enhancements are on the horizon.
- Unreal Editor for Fortnite: New tools and features are in the works.
- Epic Games Store: Upcoming changes that will benefit developers and gamers alike.
Strategic Shifts in Spending
In an interview with The Verge, Sweeney highlighted the financial strategy that led to this turnaround. “Last year, we were spending about a billion dollars more than we were making. Now, we’re spending just a bit more than we’re making,” he noted. This shift will allow Epic to pursue innovative projects without jeopardizing their financial health.
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