I am a professional 3D Animator. I would like to use the unreal engine for animated feature film over 1 Hour long. Do I have to pay royalties for this?

As far as i know(and FAQ states) you dont pay any royalties for movies made with UE4.

Are any revenue sources royalty-free?

Yes! The following revenue sources are royalty-free:

Ancillary products, including t-shirts, CDs, plushies, action figures and books. The exception is items with embedded data or information, such as QR codes, that affect the operation of the product.

Consulting and work-for-hire services using the engine. This applies to architects using the engine to create visualizations as well as consultants receiving a development fee.

Non-interactive linear media, including movies, animated films and cartoons distributed as video.

Amusement park rides and live installations.

Truly free games and apps (with no associated revenue).