Gameplay from Mediatonics successful battle royale game Fall Guys.
LONDON – Fortnite developer Epic Games has agreed to take over Tonic Games Group, the British company behind the hit video game Fall Guys.
Fall Guys was an instant hit when it launched last summer and attracted millions of players within a month of its release. The game features up to 60 players as gummy bears who compete over a series of candy-colored obstacle courses to win crowns, a game currency that players use to purchase cosmetics.
It was aided in large part by a wave of video game demand during the coronavirus pandemic. The deal with Epic comes amid a series of acquisitions in the gaming industry. Last year, Microsoft agreed to buy legendary gaming group Bethesda for $ 7.5 billion, while EA recently completed the acquisition of British racing game maker Codemasters, valued at $ 1.2 billion.
“It’s no secret that Epic is invested in building the Metaverse and Tonic Games shares that goal,” said Tim Sweeney, Epic founder and CEO, in a statement. “As Epic works to build this virtual future, we need great creative talent who know how to create high-performing games, content and experiences.”
Financial details of the transaction were not disclosed.
Fortnite and Fall Guys are similar in the sense that they both fall into the popular battle royale genre, made popular even by the massive success of Fortnite. Since its release in 2017, Fortnite has amassed more than 350 million players. This has caught the attention of notable investors like Sony, who invested $ 250 million in Epic over the past year. The company was last valued at $ 17.3 billion.
At the same time, Epic was embroiled in a tense legal battle with Apple over the iPhone manufacturer’s App Store guidelines. Epic released a version of Fortnite on the Apple App Store last year that included a method that allowed users to make in-app purchases without giving Apple the usual 30% cut. Apple then delisted the Fortnite app and Epic sued Apple later in the day.