Furthermore, Epic Games announced its decision to divest Bandcamp, an online music platform acquired in mid-2022, to Songtradr, a music licensing platform. Another subsidiary, SuperAwesome, a developer specializing in kid-friendly content acquired in 2020, is undergoing restructuring. Its advertising business will become an independent entity, while the Kids Web Services segment and the parent verification and consent management tools will remain part of Epic.
Despite these measures to curtail spending, Epic Games continues to grapple with challenges such as Fortnite’s absence from Apple’s App Store and Google’s Play Store, impacting its revenue. The company also faces a substantial $520 million penalty imposed by the FTC, along with ongoing efforts to overturn a Supreme Court ruling that cleared it of antitrust violations.
