Gamingtech Business News

Epic Games Revamps Unreal Engine Pricing and Cuts Jobs in Restructuring

Epic Games CEO Tim Sweeney announced that the pricing for using Unreal Engine will be increased for developers outside of the game development community, such as those in film, TV, automotive, and other industries. Sweeney stated that the pricing model will be similar to subscription services like Maya or Photoshop. He also revealed that Epic Games faced financial problems in the past few months, with declining revenue from Fortnite impacting other parts of the company. Sweeney assured developers that the Epic Games Store will continue to be supported and emphasized the company's commitment to building an interconnected online world. However, the recent layoffs at Epic Games have raised concerns about the company's approach to its workforce.