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Epic Games gets an extra billion dollars from Sony, Kirkbi (LEGO) also in the game

Business news Epic Games gets an extra billion dollars from Sony, Kirkbi (LEGO) also in the game

Epic Games today announced that it has raised $2 billion. Sony invests for the third time in the company behind Fortnite and the Unreal Engine 5, and has a lot more under its belt than the previous times.

Summary

  • $2 Billion Raised
  • Never two without three

$2 Billion Raised

In a statement released today, Epic Games announced that it has completed a fundraiser to support its idea to build the metaverse and support its continued growth. A $2 billion fundraiser since Sony decided to invest $1 billion on its side. An operation impersonated by the Kirkby Group, the home behind the Lego Group. Tim Sweeney, the boss of Epic Games (behind Fortnite but also the Unreal Engine 5), sees this fundraising as a future benefit for players:

As we reshape the future of entertainment and gaming, we need partners who share our vision. That’s what we found at Sony and Kirkbi. This investment will accelerate our work to build the metaverse and create spaces where players can have fun with their friends, where brands can create immersive experiences, and where creators can build their communities.

Never two without three

In this regard, this is not the first time Sony has invested in Epic Games, but the third time. In July 2020, the Japanese group made a $250 million investment. An operation repeated in April 2021, with $200 million generated. Two sums add to the billion dollars that Sony has invested today. An initiative that according to Sony CEO Kenichiro Yoshida should be a win-win situation:

As an entertainment creator, we’re excited to invest in Epic to deepen our relationship in the metaverse, a space where creators and users spend time together. We are also confident in Epic’s expertise, including the game engine, which combined with Sony’s technologies will accelerate our various efforts, such as developing new digital experiences.

Statements honoring Epic’s work on the Unreal Engine, whose fifth iteration was shown in late 2021. A technique that has amazed more than one studio: CD Projekt has announced that it is developing its next game The Witcher with the Unreal Engine 5while Square Enix seems to have made a similar choice for Kingdom Hearts 4

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