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| Sony works with Fortnite game maker before the release of the PS5 |
Forticite Epic Games announced that it has received a $ 250 million investment from Japan's Sony Corporation in exchange for the company's shares. It is a strategic investment agreement that aims to develop relations between the two companies.
The deal means that Sony has acquired 1.4% of the game development studio, and that the market value of Epic Games is $ 17.86 billion.
Sony is preparing to launch the next gaming platform (PlayStation 5) later this year, including Ubisoft (Assassins Creed Valhalla) and Grand Theft AutoV from Rockstar Games.
This investment enables the two companies to expand their cooperation through Sony's entertainment portfolio, high-tech assets, the Epic Games social entertainment platform and the digital ecosystem. Create unique experiences for consumers and creators, according to the press release.
Not only is Epic Games famous for developing successful games like (Fortnite) and (Gears of War), but it is also a major player in the video game industry thanks to the power of the Unreal Game Engine. To play many of the best games in the world.
The company also runs an online video game store that competes with (Steam). Under the terms of the agreement, the Japanese company acquired a platform to pool its music resources and movies through games and create a real presence in the broadcasting industry. .
Example: Sony has subsidiaries such as (Sony Pictures) and (Sony Music), and you can use the (Epic Games) experience to link them closely to the PlayStation region.
"Strong Epic Games technology puts unrealistic and other innovations in areas like graphics in a leading position among game engine developers," said Kenichiro Yoshida, Sony's CEO, in a statement.
"Through investment, we will explore opportunities to continue working with (Epic Games) to satisfy customers, not only in-game but also in the rapidly evolving field of digital entertainment in general, and the desired value to consumers," he added. Added.
(Epic Games) confirmed that the agreement does not mean that the game is now only part of the Sony gaming platform, but that the studio can publish games on other platforms.
Sony and Epic Games have worked closely together for many years. In May, Epic Games used the PlayStation 5 demo to demonstrate the ability of the next version of the Unreal Engine 5 game engine.
At that time, the American company announced that it was working closely with Sony to develop the next platform storage architecture.
Epic Games was founded in 1991 and headquartered in North Carolina. Fortnite caused a stir with over 350 million registered players worldwide. In 2012, the Chinese giant Tencent acquired a 40% stake in Epic Games for $ 330 million.