Sony becomes minority shareholder of Epic Games, as Sony wants to strengthen its relationship with the authors of Fortnite.

Epic Games is one of the leading companies in the video game industry, having in its portfolio from one of the most popular games in the world, to technology that has transcended the world of cinema. The company values ​​behind Fortnite have sparked the interest of Sony Corporation, so the Japanese company has announced that it will invest 250 million dollars in the company.

 

 

In a press release announcing this investment, it is clear that this strategic move by Sony seeks to consolidate the relationship between the two companies and reinforce its mission of seeking technological advances that favor online entertainment and services.

 

 

„Together, we aspire to build an even more open and accessible digital ecosystem.”

„Epic’s powerful technology in areas like graphics puts them at the forefront of graphics engine development with Unreal Engine and other innovations. There is no better example of this than the revolutionary Fortnite entertainment experience,” said Kenichiro Yoshida , president of Sony Corporation, adding that rather than favoring the gaming arena, this relationship impacts the rapidly evolving digital entertainment landscape .

 

 

For his part, Tim Sweeney, President and Founder of Epic Games commented: “Sony and Epic have created businesses at the intersection of creativity and technology, we share the vision of real-time 3D social expedients leading to a convergence of games, movies and music.” The leader of Epic Games added that together they will be able to build a more open digital ecosystem , stressing that in addition to favoring consumers, it also favors content creators.

 

This is just the latest in a major list of capital injections that would bring the value of the company to more than $ 15 billion. Other major shareholders include Walt Disney, aXiomatic Gaming, and Endeavor Group Holdings.

 

 

Although they are not public numbers, GamesBeat ensures that Epic Games achieved sales of $ 4.2 billion and earnings of $ 730 million in 2019, with $ 5 billion in sales projected for this year. What will be the benefit for Sony and for the PlayStation 5? It remains to be seen, although Sony also has movie and film verticals in the form of Sony Pictures and Sony Music, respectively.

Source: 3DJuegos

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