Sony Acquires $250M Minority Stake in Epic Games

The “Fortnite” creator has sold a minority stake of its business to Sony.
License Global

July 10, 2020

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Sony has made a $250 million investment in Epic Games, creator of “Fortnite.” The investment will allow the two to collaborate more closely for technology, entertainment and games.

“Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations,” says Kenichiro Yoshida, president and chief executive officer, Sony. “There’s no better example of this than the revolutionary entertainment experience ‘Fortnite.’ Throughout 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.”

In the past, the two worked together to unveil Epic’s Unreal Engine 5, with a tech demo showcasing the new engine premiering on the PlayStation 5. It will come to all next-gen consoles at a later date, according to

IGN

.

“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,” says Tim Sweenet, founder and chief executive officer, 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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