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State of the Screens

Fortnite Creator Epic Games Valued at Nearly $15 Billion

By November 6, 2018No Comments

How much? Epic Games, maker of Fortnite, just raised $1.25B and is now valued at $15B!

Epic Games valuation by year:
1)
JUN-12 — $825M
2) MAY-18 — $4.5B
3)
NOV-18 — $15B

Flashback: Fortnite is generating more revenue than any other free game ever

A single video game (Fortnite: Battle Royale) brought in $318M in revenue during May!

This is the highest monthly revenue total ever for a video game.

Watch #1: Jon Erlichman breaks down the deal.

Watch #2: Brad Twohig, one of the venture capitalists in the deal, walks through how they value the company.

More #1: Michael Jordan Makes His Foray Into Esports With Startup Investment

More #2: Microsoft’s gaming revenue surges 44% in Q1 2019

Michael Beach

Michael Beach

Michael Beach is the Chief Executive Officer of Cross Screen Media, a media analytics and software company that enables marketers to plan, activate, and measure CTV and linear TV at the local level. Michael is also the founder and editor of State of the Screens, a weekly newsletter focused on video advertising that is a must-read for thought leaders in the advertising industry. He has appeared in such publications as PBS Frontline, The Wall Street Journal, The New York Times, Axios, CNBC and Bloomberg, and on NPR’s Planet Money podcast.

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