Sony Corporation has invested $250m in Epic Games, the company behind video game Fortnite. The deal, which follows a $1.3bn funding round earlier this year, gives Sony a minority stake in Epic Games. The investment will help the company expand into gaming, film and music. Fortnite has over 350 million registered players and has been a major success, generating billions of dollars in revenue. Sony’s investment is likely to lead to new features, server performance improvements and more content. The deal is a significant development for Epic Games and demonstrates the company’s continued growth and success in the gaming industry.
Epic Games receives major investment from Sony
Introduction
Epic Games, the company behind the popular video game Fortnite, has received a major investment from Sony Corporation. The investment, worth $250 million, will give Sony a minority stake in Epic Games.
Details of the Investment
The investment follows a $1.3 billion funding round earlier this year, which included contributions from a range of investors including KKR, Blackstone, and Smash Ventures. According to a press release from Epic Games, the investment will help the company to expand its business and accelerate its work in areas such as gaming, film, and music.
The Impact on Fortnite
Fortnite, which has over 350 million registered players, has been a major success for Epic Games, generating billions of dollars in revenue. The investment from Sony is likely to have a significant impact on the game, potentially leading to new features, better server performance, and more content being added on a regular basis.
What the Companies are Saying
John Kodera, President and CEO of Sony Interactive Entertainment, said in a statement, “Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations.” Furthermore, he added, “There’s no better example of this than the revolutionary entertainment experience, Fortnite.” Meanwhile, Tim Sweeney, CEO of Epic Games, said, “We are excited to strengthen our relationship with Sony and look forward to working together to create even more amazing experiences for gamers and entertainment fans around the world.”
Conclusion
The investment from Sony is a significant development for Epic Games and demonstrates the company’s continued growth and success in the gaming industry. With the additional funding, Epic Games will have the resources to expand its business and create more innovative games and entertainment experiences for players around the world.