Sony Have Invested $250 Million In Epic Games For A Minority Stake

That's a lot of money.

Epic Games

Sony and Epic Games have come together to announce that Sony have purchased a $250 million minority stake in the company, which will allow the Japanese business to “broaden their collaboration” with the Fortnite creator. The investment will also reinforce their “shared mission to advance the state of the art in technology, entertainment, and socially-connected online services.”

Kenichiro Yoshida, CEO, chairman and President of Sony Corporation, said the following in a statement: “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.”

“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,”  Epic’s founder and CEO Tim Sweeney added. “Together we strive to build an even more open and accessible digital ecosystem for all consumers and content creators alike.”

Source: VG24/7

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