Epic Games has announced that Sony Corporation has invested one billion dollar in the company in order to help push its ‘creation of the metaverse and support its continued growth.’
The PlayStation manufacturer is already an investor within Epic Games, and is joined by KIRKBI, the investment firm behind The LEGO Group, who also invested $1 billion in the studio.
Tim Sweeney, CEO and Founder of Epic Games, commented:
As we reimagine the future of entertainment and play we need partners who share our vision. We have found this in our partnership with Sony and KIRKBI. This investment will accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive.
Sony Corp.’s Chairman, President and CEO, Kenichiro Yoshida, added:
As a creative entertainment company, we are thrilled to invest in Epic to deepen our relationship in the metaverse field, a space where creators and users share their time. We are also confident that Epic’s expertise, including their powerful game engine, combined with Sony’s technologies, will accelerate our various efforts such as the development of new digital fan experiences in sports and our virtual production initiatives.
Epic Games announced last week that the Unreal Engine 5 is now available to all developers.
[Source – Epic Games]