Nintendo’s industry pal Sony has just invested another $200 million in the Fortnite creator Epic Games.
Epic’s $1 billion in funding from Sony and various other companies will allow it to support future growth opportunities. This now also puts the company’s equity valuation at $28.7 billion.
According to Epic’s latest PR, Sony’s investment reinforces the shared mission to advance tech and more:
“[The investment] builds on the 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.”
As Push Square’s editor Sammy Barker highlights, this is not an investment from the PlayStation division.
Sony’s first minority stake in Epic actually took place last year when it dropped $250 million on the video game juggernaut. At the time, it was clarified it wouldn’t impact Epic’s other titles on other platforms, like the Switch.
Outside of games, Sony makes use of Epic’s Unreal Engine for all sorts of products including music videos, movies, television shows, and even virtual reality experiences.
Here’s exactly what Epic’s CEO and founder, Tim Sweeney, had to say about reaching the $1 billion funding mark:
“We are grateful to our new and existing investors who support our vision for Epic and the Metaverse. Their investment will help accelerate our work around building connected social experiences in Fortnite, Rocket League and Fall Guys, while empowering game developers and creators with Unreal Engine, Epic Online Services and the Epic Games Store.”
And this was the comment made by Sony’s chairman, president and CEO, Kenichiro Yoshida:
“Epic continues to deliver revolutionary experiences through their array of cutting edge technologies that support creators in gaming and across the digital entertainment industry. We are excited to strengthen our collaboration to bring new entertainment experiences to people around the world. I strongly believe that this aligns with our purpose to fill the world with emotion, through the power of creativity and technology.”
On a related, and much lighter note, Horizon Zero Dawn protagonist Aloy (who also happens to be a PlayStation IP) will be joining Fortnite.