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Sony Invests $250 Million In Epic Games

Category: Games, Date: 10/Jul/2020

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Sony/Epic Games

Sony has invested $250 million in Epic Games, the company that created the popular Battle Royal game Fortnite.

The announcement was made on Thursday, according to VentureBeat, the deal will grant Sony a 1.4 percent interest in the game development studio and publisher, valued at $17.86 billion.

The deal between both companies means the desire for closer cooperation in the future, especially with Sony’s “console war” with its top competitor, Microsoft. The press release mentions a shared goal by both companies to “advance the state of the art in technology, entertainment, and socially-connected online services.”

“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.