Sony is making a $250 million investment in Fortnite and Unreal Engine developer Epic Games, acquiring a minority interest in the studio, both companies announced Thursday.
According to a joint news release, the investment will allow Sony and Epic to broaden their collaboration across Sonys leading portfolio of entertainment assets and technology, and Epics social entertainment platform and digital ecosystem to create unique experiences for consumers and creators.
Epics powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations, said Kenichiro Yoshida, president and CEO of Sony Corporation. Theres 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, said Tim Sweeney, founder and CEO of Epic. Together we strive to build an even more open and accessible digital ecosystem for all consumers and content creators alike.
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Home>>Festivals>>Sony has acquired a minority stake in Epic Games as part of a $250 million investment in the Fortnite and Unreal Engine developer.
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