written by Derrick Smith
With the next-generation of consoles on the horizon we are seeing console manufacturers strengthening their position to fight the good fight and this time, Sony makes an interesting investment move. As of today, Sony has invested $250 million in Epic Games, for a minority stake.
According to reports, both Sony and Epic expect this investment relation to “broaden their collaboration” and “cements an already close relationship.”
A hint of this investment manifestation was hinted at this past May when Epic Games showcased their new Unreal Engine 5 tech with an impressive tech demo running on a PlayStation 5.
“Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations,” said Kenichiro Yoshida, Chairman, President and CEO, Sony Corporation.
“There’s no better example of this than the revolutionary entertainment experience, Fortnite. Through 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.”
Tim Sweeney, Founder and CEO of Epic Games, added, “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. Together we strive to build an even more open and accessible digital ecosystem for all consumers and content creators alike.”
source