Sony Group and KIRKBI have invested $1 billion each in Epic Games for the Metaverse

Sony Group and KIRKBI each invested $1 billion in Epic Games. These investments are designed to help build Metaverse and subsequently support its continued growth. The LEGO Group also announced last week that it also invested $1 billion. Epic said its post-money equity valuation is $31.5 billion.

“As a creative entertainment company, we are excited to invest in Epic to deepen our relationship in Metaverse, a space where creators and users share time. We also believe that Epic’s expertise, including its powerful game engine , combined with Sony’s technology, will accelerate our various efforts, such as developing new digital fan experiences in sports and our virtual production programs.”

Kenichiro Yoshida, Chairman, President and CEO of Sony Corporation. “

“Epic Games is known for creating fun and creative experiences and empowering creators large and small. A portion of our investment is focused on trends we believe will impact the future world we and our children will live in. This investment will Accelerating our engagement with the digital gaming world, we are excited to invest in Epic Games to support their continued growth journey with a long-term focus on the future metaverse.”

Søren Thorup Sørensen, CEO of KIRKBI.

“As we reimagine the future of entertainment and entertainment, we need partners who share our vision. We discovered this in our work with Sony and KIRKBI. This investment will accelerate our work to build the metaverse, and Creating spaces where players can have fun with friends, brands can create creative and immersive experiences, and creators can build communities and thrive.”

Tim Sweeney, CEO and Founder, Epic Games