Sony invests approximately 27 billion yen in Epic Games, the developer of 'Fort Knight'
Local time July 9, 2020, Sony will make a strategic investment of 250 million dollars (about 27 billion yen) in Epic Games, which provides popular
Epic Games Receives Strategic Investment from Sony Corporation | Business Wire
https://www.businesswire.com/news/home/20200709005844/en/Epic-Games-Receives-Strategic-Investment-Sony-Corporation
Sony invests $250 million in Fortnite maker Epic Games | VentureBeat
https://venturebeat.com/2020/07/09/sony-invests-250-million-in-fortnite-maker-epic-games/
Sony buys $250 million stake in Fortnite creator Epic Games-The Verge
https://www.theverge.com/2020/7/9/21318978/sony-epic-games-fortnite-investment-250-million-game-development
According to the announcement, the investment will bring together Sony's strengths in entertainment assets and technology, as well as Epic Games' social entertainment platform and digital ecosystem that provides a unique experience for consumers and creators. The aim is to expand collaboration. In addition, the contract signed this time does not lead to the Epic Games title being exclusively provided to Sony's PlayStation platform.
The investment this time is 250 million dollars (about 27 billion yen), and Sony will acquire 1.4% stake in Epic Games by this investment. When converted, Sony estimates Epic Games to have a valuation of $17.86 billion (about 1.9 trillion yen).
by Sergey Galyonkin
Regarding the investment this time, Kenichiro Yoshida, Chairman and CEO of Sony, said, “Epic Games is a company at the forefront of innovative game engine development because it has technology in fields such as graphics. The best example is Fort Knight, which offers an innovative entertainment experience.” “This investment brings joy and value to consumers and the industry as a whole in the rapidly evolving digital entertainment field, not limited to games. To do so, we are looking for more opportunities for collaboration with Epic.' Tim Sweeney, CEO of Epic Games, said, ``Sony and Epic Games work together in a field of creativity and technology, sharing a vision for a real-time 3D social experience that brings games, movies and music together. We are aiming to build a more open digital ecosystem for all consumers and digital content creators.'
Sony and Epic Games have long been in close contact. When Epic Games announced its next-generation game engine, ' Unreal Engine 5, ' it released a real-time demo that runs on Sony's next-generation game console, 'PlayStation 5.'
A real-time demo movie of PlayStation 5 of the next-generation game engine ``Unreal Engine 5'' is released for the first time, ``completely live-action'' 3D graphics are a must-see-GIGAZINE
In the announcement, Sweeney said, 'The PlayStation 5's storage architecture far exceeds the architecture for PCs,' he said he has been working with Sony for a long time on things like storage.
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