Sony Corporation invests $250 million in Epic Games to acquire minority interestStrategic investment cements an already close relationship.
Sony Corporation has made a “strategic investment” of $250 million to acquire a minority interest in Epic Games through a wholly-owned subsidiary of Sony, the companies announced.
The investment cements an already close relationship between Sony Corporation and Epic Games, and reinforces their shared mission to advance “state of the art in technology, entertainment, and socially-connected online services.”
The investment also allows Sony Corporation and Epic Games to broaden their collaboration across Sony’s portfolio of entertainment assets and technology, and Epic Games’ social entertainment platform and digital ecosystem “to create unique experiences for consumers and creators.”
“Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations,” Sony Corporation president and CEO Kenichiro Yoshida said in a press release. “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.”
Epic Games founder and CEO Tim Sweeny added, “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.”