In a recently released press statement by both companies, Sony Corporation and Epic Games, Inc. have announced that Sony has agreed to make a strategic investment to acquire a minority stake in Epic.
The amount for the strategic investment is exactly $250 million so that Sony could acquire a minority interest in Epic. This makes their close relationship even stronger and strengthens their goal of improving state of the art in technology, entertainment, and socially-connected online services.
Sony Corporation Chairman, President and CEO Kenichiro Yoshida stated:
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.
Epic Founder and CEO Tim Sweeney said:
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: Press Release