Epic Games employees are making every dance move available in Fortnite right now.
Sony Corp. has agreed to strategically invest $250 million for a minority interest in Epic Games. According to Game Informer, this new collaboration will broaden Epic Games with its entertainment platform and digital ecosystem while with Sony in its portfolio of entertainment and technology.
It’s perfect timing for Sony as it launches the PlayStation 5 later this year. A development partnership will enhance games in the future, but the deal does not include exclusivity rights for the console.
Fortnite is the company’s most successful online video game to date as a cooperative and PvP game that leads to memes, eSports competitions, and cultural influences.
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In a statement, Sony highlighted Epic Games’ technology as the primary investment reason—particularly with the company’s Unreal Engine.
Unreal Engine is a powerful real-time 3D creation platform that is used in the video game industry. It’s also been used in the television and film production industries, including for the special effects of The Mandalorian.
“Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations. There’s no better example of this than the revolutionary entertainment experience, Fortnite,” stated Sony chairman, president, and CEO Kenichiro Yoshida in a statement. “Through our investment, we will explore opportunities for further collaboration with Epic to delight and bring value to consumers and the industry at large, not only in games but also across the rapidly evolving digital entertainment landscape.”
Earlier this year, Epic Games demonstrated Unreal Engine 5 running on Sony’s PlayStation 5. The new Unreal Engine sets for a release date in late 2021.
In the past, the company developed many other popular games, including Gears of War series, Infinity Blade, Shadow Complex, and Bulletstorm.
Although $250 million is a lot of money for many of us, it only adds up to 1.4 percent stake in Epic Games for Sony. It now has a valuation of $17.8 billion with this strategic investment.