Company makes $250 Million strategic investment in game industry leader to broaden their collaboration developing state of the art technology, entertainment, and socially connected online services.
TOKYO & CARY, N.C. -- Sony Corporation (Sony) and Epic Games, Inc. (Epic) have announced an agreement that will see Sony make a $250 million strategic investment to acquire a minority interest in the gaming company. This cements an already close relationship between the two companies and reinforces their shared mission to advance the state of the art in technology, entertainment, and socially connected online services.
The investment will allow the companies to broaden their collaboration across Sony’s portfolio of entertainment assets and technology, and Epic’s social entertainment platform and digital ecosystem to create unique experiences for consumers and creators. The closing of the investment is subject to customary closing conditions, including regulatory approvals.
“Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations,” commented Sony chairman, president, and CEO, Kenichiro Yoshida. “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.”
“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,” added EPIC founder and CEO, Tim Sweeney. “Together we strive to build an even more open and accessible digital ecosystem for all consumers and content creators alike.”
Source: Sony Corporation
