Sony Announces Investment in Fortnite Developer Epic Games

In recent years, Epic Games has become a heavyweight company in the game industry. After developing the original Gears of War trilogy, the company continued to create the game that would change the industry, fornite. Shortly after, the company created the digital showcase, Epic Games Store, who rivals with the king of digital games, Steam. So with all this success, it seems that Sony is more than not very interested in investing in the thriving business.

After the exit of Fortnite and Epic Games Store, the company is estimated at about $ 8 billion. Although the case, Epic Games and Sony announced that the Japanese electronic company has invested a large amount of money in Epic Games to become a minority shareholder. It is still uncertain for the moment what percentage of Sony shares currently holds, however, the amount invested is $ 250 million.

Although it may seem out of nowhere, the two companies had a close relationship. Recently, the two companies have joined to reveal a demonstration of the capacity of the Playstation 5 and Unreal Engine 5. In addition, Epic Games has sold actions of their business in the past. In 2012, the developer of the game made a similar movement with an investor, Tencent, for a 40% interest in the company, for $ 330 million. Since Epic Games has become a much larger business in the game industry, it is assumed that Sony’s investment has saved a lot less than a percentage.

Epic Games raises $1 billion in funding, includes investment from Sony
So far, there is no concrete details about what this will mean for EPIC Games and PlayStation collaborations in the future. In a recent press release, however, the CEO of Epic, Tim Sweeney, said: “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 games, movies and music. “Epic has already declared that the Unreal Engine would support the main competitor of the PS5, the Xbox Series X.

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