00:00After claiming Steam's fees cost Valve some of the biggest games around, Epic Games CEO
00:04Tim Sweeney doubled down, insisting that lower fees and more openness might increase Steam
00:09profit. Sweeney pointed to companies like Epic, Riot and MiHoYo as notable Steam skippers,
00:14and was swiftly reminded that Genshin impact maker MiHoYo, now more commonly known by its
00:18HoYoverse or Cognosphere arms, has a growing presence on Steam. A recent ex-post from Sweeney
00:24wades into discussion of his comments regarding Steam. He responded to a user who sarcastically
00:28said, it is Steam's fault that Epic won't put their game on there apparently. In full, Sweeney replied,
00:33here's what's happening economically. Steam charges such high fees that developers with strong brands
00:38and big enough audiences, like Epic, Riot and MiHoYo, find it more profitable to go it alone.
00:43Ironically, lower fees and more openness might increase Steam profit.
00:47This quickly earned Sweeney a community note which clarifies that MiHoYo has had games on Steam since
00:51the 2021 relaunch of Hunkai Impact 3rd, and just weeks ago, released its action RPG,
00:56Endless Zone Zero on Steam to great success and reviews. As to why the boss of one of Steam's
01:01competitors would say such things, I'll leave that up to you.
