Sony Corporation has invested a cool $250 million into Fortnite and Unreal Engine developer Epic Games.
PlayStation owner Sony has ploughed $250 million into Epic Games via a wholly-owned subsidiary, acquiring a minority interest in the Fortnite creator. In a joint press statement, the two companies say that the investment will broaden collaboration across Sony’s entertainment portfolio and Epic’s social entertainment platforms.
Sony chairman, president, and CEO, Kenichiro Yoshida says:
“Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations. 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, adds:
“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.”
Epic and the PlayStation-side of Sony have long been on good terms with both the PS4 and upcoming PS5 used to demonstrate the capabilities of Unreal Engine.