Sony is investing $1 billion into Epic Games, the publisher behind Fortnite.
On Monday, Epic Games announced it has received $2 billion in investments from Sony and Lego’s parent company KIRKBI to help build the metaverse. Both corporations invested $1 billion in Epic Games, respectively.
“As a creative entertainment company, we are thrilled to invest in Epic to deepen our relationship in the metaverse field, a space where creators and users share their time.” Kenichiro Yoshida, CEO of Sony, said in a press release. “We are also confident that Epic’s expertise, including their powerful game engine, combined with Sony’s technologies, will accelerate our various efforts such as the development of new digital fan experiences in sports and our virtual production initiatives.”
We’re teaming up with @LEGO_Group to build a fun place for kids to play in the metaverse!
Learn more here: https://t.co/rtrckV9UJm pic.twitter.com/rsDDjgXEq7
— Epic Games Newsroom (@EpicNewsroom) April 7, 2022
Sony had already invested $450 million into Epic Games over the past two years. Epic Games CEO Tim Sweeney stated that this partnership is excellent for all involved parties.
“As we reimagine the future of entertainment and play we need partners who share our vision. We have found this in our partnership with Sony and KIRKBI,” Sweeney said in the same press release. “This investment will accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive.”
This announcement comes only a week after Epic Games revealed Unreal Engine 5.
Written by Kyle Campbell on behalf of GLHF.
