PlayStation

Sony Invest $250 Million In Epic Games

Today, Sony Corporation and Epic Games have furthered their relationship with a huge investment. Sony has agreed to make a strategic investment of $250 million to acquire a minority stake in Fortnite creator Epic Games. The investment involves a shared mission to advance the state of the art in technology, entertainment, and socially-connected online services.

The investment will allow Sony and Epic to “broaden their collaboration across Sony’s portfolio, assets and Epic’s social platform and digital ecosystem to create unique experiences for consumers and creators”.

“Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations. There’s no better example of this than the revolutionary entertainment experience, Fortnite. Through our investment, we will explore opportunities for further collaboration with Epic to delight and bring value to consumers and the industry at large, not only in games, but also across the rapidly evolving digital entertainment landscape,” said Kenichiro Yoshida, Chairman, President and CEO, Sony Corporation.

“Sony and Epic have both built businesses at the intersection of creativity and technology, and we share a vision of real-time 3D social experiences leading to a convergence of gaming, film, and music. Together we strive to build an even more open and accessible digital ecosystem for all consumers and content creators alike,” said Tim Sweeney, Founder and CEO of Epic.

Leave a Reply

Your email address will not be published. Required fields are marked *