Sony is investing $1 billion in Epic Games to further advance virtual worlds
epic game Announced $2 billion in funding from both parties sony and Kirkbyholding and investment company LEGO Group.
published on Epic Games Blogthis Fortnite Unreal Engine developers revealed that Sony and Kirkby will each invest $1 billion in the company. In the post, Epic Games wrote that the three companies “aimed at creating new social entertainment that explores the connections between the digital and physical worlds.”
Beyond that, Sony CEO Kenichiro Yoshida said: “As a creative entertainment company, we are excited to invest in Epic to deepen our relationship in the 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 plans.”
Kirkbi’s CEO Søren Thorup Sørensen also released a statement, saying: “Part of our investment is focused on trends that we believe will affect the future world we and our children will live in. This investment will accelerate our participation The world of digital games, and we are excited to invest in Epic Games to support their continued growth journey and long-term focus on the future metaverse.”
As Epic Games noted, the investment has yet to take place because it is “subject to customary closing conditions, including regulatory approvals.”
This follows recent announcements by Epic Games and Lego form a partnership In it they plan to “shape the future of the metaverse”. Considering that this was the main focus of the LEGO collaboration announcement, and this investment from Sony and Kirkby, Epic really seems to have a metaverse in the brain.
Although not a full acquisition, this is Sony’s recent acquisition havenin a year full of big corporate moves.