Epic Games is best known as the developer of the Unreal Engine, a video game programming engine and special effects graphics, and many hit games like Fortnite, Gears of War and Infinity Blade. The company also owns the game developers Chair Entertainment, Psyonix, Mediatonic and Harmonix, as well as cloud-based software developer Cloudgine.
As of April 2022, the company has a US$32 billion equity valuation.
The company’s milestones:
- In 1992: Tim Sweeney renames the company Epic MegaGames and begins releasing shareware games including Epic Pinball, Jill of the Jungle and Ken's Labyrinth.
- In 1994: Jazz Jackrabbit was released, becoming one of the first side-scrolling platformers to come to both Mac and Microsoft Windows.
- In 1996: E Epic MegaGames produced a shareware isometric shooter called Fire Fight.
- In 1998: Epic MegaGames releases 3D first-person shooter Unreal, which is co-developed with Digital Extremes and published by GT Interactive. The company also starts licensing the Unreal Engine to other developers.
- In 1999: The company changes its name to Epic Games and moves to Cary, North Carolina. Unreal Tournament was also released this year, and shipped to critical acclaim, marking the series' transition to to focus more on multiplayer gaming.
- In 2006: Epic released the first Xbox 360 shooter Gears of War, which became a commercial success for the company, grossing about $100 million.
- In 2008: Epic Games acquired Chair Entertainment based in Utah, USA and released Gears of War 2.
- In 2010: Infinity Blade released.
- In 2011: Epic Games announced their new game Fortnite at the Spike Video Game Awards.
- In 2012: China's Tencent Holdings buys 48.4 percent of Epic for $330 million.
- In 2014: Microsoft acquires the Gears of War. In the same year, Unreal Tournament, built on Unreal Engine 4 and developed live with the help of early gamer feedback and Twitch livestreams, is announced.
- In 2015: Epic announces that the Unreal Engine is now free to everyone, along with future updates.
- In 2017: Fortnite and Fortnite Battle Royale were launched, quickly attracting a large community of players.
- July 2018: Epic launched the Epic Games Store digital storefront to compete with services like Steam and GOG.com.
- May 2020: Unreal Engine 5 was announced.
According to en.wikipedia.org, apps.voxmedia.com.