Tim Sweeney
Courtesy of Epic Games
United States
2019

Epic Games

Tim
Sweeney

Founder / CEO

The man behind global phenomenon “Fortnite” must feel accomplished, as the free-to-play battle royale shooter has defined an entire generation of gamers, earning $2.4 billion in 2018. Even as the company has gotten shier about releasing statistics on their monthly players, corporate interest in Epic Games is higher than ever, with Disney recently using Fortnite’s virtual paradise to screen a clip from “Star Wars: The Rise of Skywalker,” presented by an animated J.J. Abrams. But Sweeney’s influence doesn’t stop there. The kicker came late that year with the launch of the Epic Games Store, a digital storefront and competitor to Valve’s Steam marketplace, as it boasts enormous incentives: sellers earn 88% of the profits (as opposed to 70% with Steam) and have the 5% store fee waived for any game built on Epic’s Unreal Engine. This has led a flurry of publishers to pick Epic over Steam for their initial online release windows in 2019, starting with Deep Silver’s “Metro Exodus” and more recently “Borderlands 3″ from 2K Games.

Career

  • Fortnite
  • UNREAL Engine
  • Epic Games Store

Education

  • University of Maryland (Maryland, USA)

Variety Honors

  • 2018 Variety500 Honoree
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News from Variety

Epic Games' Tim Sweeney Explains Epic Games Store 12% Cut

Epic Games' Tim Sweeney Explains Epic Games Store 12% Cut

Epic Games founder and CEO Tim Sweeney took to Twitter to explain why the Epic Games Store takes just 12% of revenue from its clients."Why 12%? We chose this number to provide a super-competitive deal for partners while building an enduring and profitable store business for Epic," wrote Sweeney. "From that 12%, we net around 5% after direct costs and that could grow to 6-7% with greater economies of scale."https://twitter.com/TimSweeneyEpic/status/1120441795010338816The Epic Games Store takes a 12 percent cut of revenue...

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