Sony invested US $ 250 million in Epic Games, a company known as the developer of the battle royale Fortnite and Unreal Engine. With this, Sony gets a 1.4 percent stake in Epic, according to the VentureBeat report. The investment also allows Sony and Epic to deepen their collaboration. Prior to this, Epic sought funding in order to expand the Epic Game Store and add Fortnite staff.
“Epic has successfully developed graphics technology, making them the foremost company in game engine development, as evidenced by the presence of Unreal Engine and other innovations,” Sony CEO Kenichiro Yoshida was quoted as saying by Dot Esports. “Fortnite is a testament to Epic’s success in providing revolutionary entertainment. Through this investment, we are trying to deepen our collaboration with Epic in order to create something new for consumers and benefit the industry, not only the gaming industry, but also the entertainment industry. ”
In an official statement, Epic Games CEO, Tim Sweeney said that Epic and Sony had the same vision to build technology that combines elements of gaming, film and music. With that technology, they want to enable people to interact in a 3D virtual world. Before this, Travis Scott had indeed held a virtual concert at Fortnite. And the concert attracted 27 million viewers. Sweeney also revealed, Epic and Sony plan to build a digital ecosystem that is more open to all consumers and creators.
Considering Sony only acquired a minority stake in Epic, the game developer assured that they would continue to release games on other platforms. Not only that, Epic also said that both their Unreal Engine 5 and Fortnite will still be used on other platforms. Indeed, all this time, Epic has always taken a neutral position and developed cross-platform technology.
Even so, cooperation with Epic is important for Sony because they have to prepare themselves in the face of a console war with Microsoft. Because, this year, Sony and Microsoft plan to launch their new consoles, PlayStation 5 and Xbox Series X.