He frequently visited his parents, who lived in nearby Potomac, Maryland, where his personal computer, used for both work and leisure, was situated. At the time, Sweeney was studying mechanical engineering and living in a dorm at the University of Maryland. Potomac Computer Systems was founded by Tim Sweeney in 1991. History Potomac Computer Systems (1991–1992)

Both Apple and Google immediately delisted the game for violating the storefronts' terms of service by including their own storefront, which led Epic to file lawsuits against both companies the same day, accusing them of antitrust behavior in how they operate their app stores. On August 13, 2020, Epic released a version of Fortnite that included a permanent discount on V-bucks across all platforms (except iOS and Android devices) if they purchased directly through Epic, bypassing Apple and Google's storefronts. As of April 2022, the company has a US$32 billion equity valuation. Following the release of the popular Fortnite Battle Royale in 2017, the company gained additional investments that enabled it to expand its Unreal Engine offerings, establish esports events around Fortnite, and launch the Epic Games Store. While Sweeney remains the controlling shareholder, Tencent acquired a 48.4% outstanding stake, equating to 40% of total Epic, in the company in 2012, as part of an agreement aimed at moving Epic towards a games as a service model. Įpic Games owns the game developers Chair Entertainment, Psyonix, Mediatonic, and Harmonix, as well as cloud-based software developer Cloudgine, and operates studios in Seattle, England, Berlin, Yokohama and Seoul. In 2014, Unreal Engine was named the 'most successful videogame engine' by Guinness World Records. After moving the headquarters to Cary in 1999, the studio changed its name to Epic Games.Įpic Games developed Unreal Engine, a commercially available game engine which also powers its internally developed video games like Fortnite and the Unreal, Gears of War, and Infinity Blade series. in early 1992 and brought on Mark Rein, who has been its vice president since. Following its first commercial video game release, ZZT (1991), the company became Epic MegaGames, Inc. The company was founded by Tim Sweeney as Potomac Computer Systems in 1991, originally located in his parents' house in Potomac, Maryland. is an American video game and software developer and publisher based in Cary, North Carolina.

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