Sony invests $250 million in Fortnite developers Epic Games Sony \/ Epic Games[jwplayer dDOO1bSy]Sony announced it was investing in Epic Games on July 9 by buying a $250 million minority stake in the Fortnite developer. According to VentureBeat, this elevates the bar of money raised for the North Carolina-based studio to a total $1.83 billion to date. This is another step forward between both entities as they\u2019ve collaborated with their individual platforms before. Sony called the move a \u201cstrategic investment\u201d and made it through one of their wholly-owned subsidiaries. In a joint-statement the companies said that they\u2019re working toward advancing \u201cthe state of the art in technology, entertainment, and socially connected online services.\u201d The investment was made so that the PlayStation-maker and Epic could \u201cbroaden their collaboration across Sony\u2019s leading portfolio of entertainment assets and technology.\u201d \u201cEpic\u2019s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations,\u201d Sony Corporation CEO Kenichiro Yoshida said. This comes on the heels of Epic Games\u2019 reveal of Unreal Engine 5 in May. The tech demo was an impressive feat of engineering and one of the first looks at how next generation technologies will be able change games. But video games aren\u2019t the only avenue that Sony is looking to bolster with the renewed partnership. Yoshida brought up Fortnite\u2019s advances in entertainment as a whole. He wants to bring \u201cvalue to consumers\u201d in verticals that go beyond video games, and Epic Games CEO Epic Tim Sweeney is also looking forward to that prospect. \u201cSony 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,\u201d Sweeney said. \u201cTogether we strive to build an even more open and accessible digital ecosystem for all consumers and content creators alike.\u201d Not only did Epic\u2019s Fortnite eventually become one of the first fully-realized PlayStation 4 crossplay titles in 2018, the battle royale also played host to massive digital concerts starring the likes of Travis Scott, Marshmallow, and more. With this deal, expect Sony and Epic to collaborate a lot more on potential projects that could expand further than Fortnite and the PlayStation 5.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sony invests $250 million in Fortnite developers Epic Games Sony \/ Epic Games[jwplayer dDOO1bSy]Sony announced it was investing in Epic Games on July 9 by buying a $250 million minority stake in the Fortnite developer. According to VentureBeat, this elevates the bar of money raised for the North Carolina-based studio to a total $1.83 billion […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-86968","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/86968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=86968"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/86968\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=86968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=86968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=86968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}