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Sony invested $ 250 million in the creator of the cult game “Fortnite”

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Sony & Fortnite Together – Gaming News Flash Description video: Sony \u0026 Fortnite Together – Gaming News Flash\n\nSony drops $250 million towards Fortnite becoming a stakeholder in Epic Games. Both have already been rumored to be working together and this […]

Sony & Fortnite Together – Gaming News Flash

Description video:
Sony \u0026 Fortnite Together – Gaming News Flash\n\nSony drops $250 million towards Fortnite becoming a stakeholder in Epic Games. Both have already been rumored to be working together and this just confirms their so called strategic investment.\nEpic Games doesn’t just make Fortnite, they have an online store that competes with steam on PC, they have made other great hits like Gears of War on Xbox. Epic is also behind the Unreal Engine, which is a tool used by many other developers in creating their games.

Sony invested $ 250 million in the creator of the cult game “Fortnite”

Sony invests $ 250 million in Epic Games, thereby gaining a minority stake (1.4%) of the American developer. The deal is awaiting regulatory approval.

In addition to Sony, Epic Games is considering the Chinese conglomerate Tencent as an investor. The company remains majority owned by its original founder and current president.,Tim Sweeney.

Both companies are deeply rooted in the video games and entertainment segment. Sony has a cloud gaming service called PlayStation Now, and the PlayStation 5 console is preparing for release. Epic Games, in addition to super successful games, is known for the creation of the Unreal game engine and its own digital store.

«Epic’s cutting-edge graphics, speed, and optimization technologies propel Epic to the top position among all game developers. Fortnite’s success alone», – said the CEO of Sony Kenichiro Yoshida

He noted that cooperation will not be limited only to video games, but will also cover the entire segment of digital entertainment and technology.

«I see this partnership is more than just game development», – told CNBC Piers Harding-Rolls, Head of Game Research at Ampere Analysis. «Epic is becoming an increasingly important player in the media market. This played a significant role in Sony’s decision to invest in the company.», – he added.

Tim Sweeney said the two companies share a vision of bringing groundbreaking 3D technology to games, movies and music..

Sony invested $ 250 million in the creator of the cult game 'Fortnite'

Recall that in June, Sony showed the public the appearance and design of its next generation console Sony PlayStation 5. Release date and cost have not yet been disclosed..

Today Epic Games is rated at almost $ 18 billion.