Epic Games Announces $1 Billion Funding Round
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kakiharaFRS
companies are really investing billions in a company that loses 100+million per year ?
and that only exist because it was heavily funded by a chinese company aka "at a loss" by the ccp ? (tencent owns 48% of the company, ask Jack Ma who was "disappeared" for 3 months if a chinese company has "free will")
looks like a Ponzi scheme to me
RealNC
That's what AMD was doing for like, decades? :P
nicugoalkeper
Sony is investing in Unreal Engine so yes they need to invest...
gx-x
and you think Epic is going to put all that money into paying devs working on Unreal Engine, and no just waste it on their store to buy games and loose more money.
We shall see.
RealNC
They are already getting paid. Nobody works for free at Epic or any other corporation.
fantaskarsef
Store burns money.
Unreal engine earns money.
Company was valued at 1/3 less than a year ago, where did the 10 billion jump come from (valued at less than 20b in June)?
Honestly, I think companies going in now just wait for the public IPO (aimed at by Epic in 2022), so that poor small cap investors see that the invested 1 billion rise in share price to probably 1.2 or something via stock prices like that.
And that's actually a tough gamble, since those companies will want their money's worth returned with a profit eventually.
vestibule
So what is the main reason Unreal is losing 100M+ per year and Why?
Venix
Is not unreal but the epicstore with the free games and exclusivity deals that bleeds money.
vestibule
TY Buddylicious. 😱
XP-200
I give Epic until 2023 and then Valve will swoop in and buy them up hook line and sinker for a song, as they hemorrhage money for the last time and no one wants them. lol
fantaskarsef
While that idea is amusing, I'm seriously asking myself, with an inflow of $1 billion, they sure want something in return for their money. When's the deadline? And how harsh is it? This would be what I'd like to know. Since then you'd know how and when the sharks will smell any blood, if there is any 😀
tsunami231
EpicFail.
Only thing that keeps epic afloat is unreal engine, if it was not for that they would not even be able to do the things they in there store.
The whole exclusive BS they pulling games exlusive to there store is enough for me to not like them.
PC game should be available to ALL on ALL STORE platforms
fantaskarsef
Watched this video and it's quite easy:
Fortnite still keeps Epic afloat. Interesting.
