Sony Returns $200 Million Investment in Epic Games
Recently, Epic Games received a $200 million investment from Sony. In total, Epic Games raised a total of $1 billion with 20% of the funding coming from Japanese company Sony.
Furthermore, Sony has its own reasons why they inject this sizeable fund. What’s that? Let’s read the following article to the end so you don’t miss important information.
Sony Investment Aims to Develop Epic Games Opportunity
Based on the available information, Sony’s investment in the company owned by Tim Sweeney has its own reasons. According to Sony, the fund is a form of their cooperation for the past few years. In addition, this investment allows Epic Games to expand their opportunities in the future.
Previously, Sony has injected funds worth $ 250 million some time ago. Interestingly, this investment carries the name Unreal Engine which Epic Games as the owner can develop even better.
Epic’s strong technology in areas such as graphics puts them at the forefront of game engine development with the Unreal Engine and other innovations.
Kenichiro Yoshida, CEO of Sony
There’s no better example of this than the revolutionary entertainment experience, Fortnite. Through this investment, we will explore further collaboration opportunities with Epic Games to bring value to consumers and the industry at large, not only in gaming, but across the rapidly evolving digital entertainment landscape.
Said Yoshida a while ago
Sweeney Team Will Build a More Open Digital Ecosystem
When Sony put their investment into Epic Games, Tim Sweeney promised to build a digital ecosystem that was more open to its users.
Sony and Epic Games have built businesses in the areas of creativity and technology. For that, we share a vision of a real-time 3D experience that leads to the convergence of games, movies, to music. Together with Sony, we will build a Digital Ecosystem that is more open and accessible to all consumers and content creator.
Tim Sweeney, CEO of Epic Games
Besides being famous for Fortnite and the Epic Games Store, Epic Games is also the developer of the Unreal Engine which is one of the best engines today. In addition, Epic Games has shown a demo of the Unreal Engine 5 technology that could run on the PlayStation 5 earlier this year.
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