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Sony has invested $1 billion into Fortnite maker Epic Video games, having beforehand sunk $250 million into the corporate in July 2020.
Sony Group Company president and CEO, Kenichiro Yoshida, defined the PlayStation maker was desperate to “deepen” its relationship within the “metaverse subject” with its newest funding.
“We’re assured that Epic’s experience, together with their highly effective recreation engine, mixed with Sony’s applied sciences, will speed up our numerous efforts reminiscent of the event of latest digital fan experiences in sports activities and our digital manufacturing initiatives,” added Yoshida.
KIRKBI, the holding and funding firm behind The Lego Group, has additionally invested $1 billion into Epic as a part of the funding spherical.
The information comes only a week after Epic and The Lego Group partnered to create a metaverse expertise for youngsters.
Commenting on its broader plans, Epic mentioned the money might be used to advance its imaginative and prescient to “construct the metaverse and help its continued development.” On the time of writing, Epic’s post-money fairness valuation stands at $31.5 billion.
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