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To compete against Steam, Epic Games has frequently arranged for time-exclusive releases of games on the Epic Games Store before other storefronts, typically for either six months or a year. [64] Sweeney stated that this strategy was the only way to challenge Steam's dominant position, [ 65 ] and would stop seeking exclusivity should Valve ...
Epic launched the Epic Games Store digital storefront to compete with services like Steam and GOG.com, not only taking a 12% cut of revenue compared to the industry standard of 30%, but also eliminated the 5% cut for games using the Unreal engine sold via the storefront. [67]
In 2017, Steam development team member Alden Kroll said that Valve knows Steam is in a near-monopoly for game sales on personal computers, and the company does not want to be in a position to determine what gets sold, and thus had tried to find ways to make the process of adding games to Steam outside of their control. [223]
Epic Games, the prominent private video game maker in Cary, hasn’t always kept its valuation a secret. When the company raised $1.78 billion in the summer of 2020, it publicized its new $17.3 ...
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[32] [34] Epic Games' Tim Sweeney, prior to launching the Epic Games Store, had estimated that the current costs for delivering game content to buyers required as low as an 8% cut on sales revenue, and launched the EGS with its 12% cut to demonstrate this. [35]
The following is a list of the most expensive video games ever developed, with a minimum total cost of US$50 million and sorted by the total cost adjusted for inflation. Most game budgets are not disclosed, so this list is not indicative of industry trends.
Epic Games will now have a chance to submit a court filing on how it wants Google's Play Store to be fixed -- potentially putting at risk what Wells Fargo estimates is $10 billion in annual ...