Sony already has a strong relationship with Epic Games, and they've just solidified that relationship with another massive investment. After investing $450million in Epic Games back in July of 2020, they've more than doubled that investment this time around.
The two companies a $1billion investment by Sony on Monday. The big news follows Epic Games receiving a $1billion investment from The Lego Group last week. Both Sony and The Lego Group are looking to help Epic continue to build the metaverse.
"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," said Sony CEO Kenichiro Yoshida.
"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."
Once everything is approved, Epic is estimated to be valued at $31.5million.
"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," said Epic CEO Tim Sweeney.
"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."
