Epic Games, the studio responsible for Fortnite, has announced that it will take on the role of publisher for a number of new studios. The well-known US-based video game studio has signed itself as a publisher for three big names of the gaming industry. Upcoming titles from Playdead, Remedy, and genDesign will all be published by Epic Games.
“We’re building the publishing model we always wanted for ourselves when we worked with publishers,” says Epic CEO Tim Sweeney.
All three studios are known for their excellent games such as Control, Limbo, and The Last Guardian. Over the past year or so, Epic Games has acquired a massive foothold within the gaming industry thanks to the release of the Epic Games Store in late 2018. Due to the booming success of Fortnite, the studio was able to challenge Steam and establish a monopoly on the digital game storefront by signing exclusivity deals with lots of popular game developers. Now, it seems that Epic Games is expanding its reach by acquiring publishing rights for other studios.
The terms of the partnership between Epic Games and the respective studios are as follows:
- Full creative freedom and ownership. Developers retain 100% of all intellectual property and full creative control of their work.
- Fully-funded projects. Epic Games Publishing will cover up to 100% of development costs, from developer salaries to go-to-market expenses such as QA, localization, marketing, and all publishing costs.
- 50/50 profit sharing. Developers earn a fair share for their work — once costs are recouped, developers earn at least 50% of all profits.
While Remedy has worked with Epic Games in the past, the deal is completely new ground for the other two developers. The critically-acclaimed action adventure game Control was released as an Epic Store exclusive title and will be unavailable on other storefronts until August.
Epic Games is already a big name in video game development, and it seems that their next challenge is to take on publishing. We’ll have to wait and see how this move pans out in the long run.