"A proportion of our investments is focused on trends we believe will impact the future world that we and our children live in. On Lego's front, KIRKBI CEO Søren Thorup Sørensen relays keen enthusiasm for the "playful and creative experiences" behind Epic Games. The most recent release of Star Wars: The Skywalker Saga proves Lego is as much a real-world toy company as it is a video gaming powerhouse, with sales reaching into the stratosphere and marking a first-ever for the series with a launch day Steam player count of over 82,000. Lego likewise sees the potential not merely in Epic's forthcoming metaverse strategy but also in the gaming world, as IP-licensed Lego experiences are among the most heralded in its portfolio. No doubt, a portion of that investment is tied specifically toward this very arena, with virtual reality a more common stay component on the PlayStation platform moving forward. Related Article: Epic Games' 'Fortnite' Raises $144 Million for Ukraine Humanitarian Aid, with Significant Help from Xboxīeyond simply console-based video games, Sony is likewise gearing up to debut its next iteration of the PlayStation VR system, aptly coined the PS VR2, slated for a preorder date sometime soon. 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 and our virtual production initiatives," says Sony's President and CEO Kenichiro Yoshida. "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. This follows Sony previously investing $250 million in July 2020 and another $200 Million into Epic in April 2021Īpril 2022 - $31.5B /hvz2jgERXj Sony has invested another $1 Billion into Epic Games Both Unreal Engine and the toolsets that power it is of immense importance to Sony's PlayStation, most prominently expressed in the now-released fifth iteration of the game-making platform. In April of last year, the Japanese gaming giant put an additional $200 million towards Epic's future, on top of its previous $250 million push in July of 2020. 11, is intended primarily to aid in advancing Epic's push into the metaverse, more specifically in enhancing its guise over child-friendly parameters in this forthcoming digital sphere.īoth Sony and KIRKBI are investing $1 billion into the Unreal Engine owner, which now sets Sony as among Epic Games' largest investors totaling about $1.45 billion over the last two years. The investment, announced via Epic on Apr. Fortnite continues to bring together IP from DC Comics, Marvel Entertainment, sports, and pop culture in a way no other platform or form of media has to date, however.(Photo : Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Epic Games Challenges Google's Antitrust Compliance in India Over App Store ExclusionĬoming off the heels of the recent Epic Games and Lego Group collaboration announcement, the latter's head investment firm, alongside Sony, has fitted the Fortnite maker with $2 billion, allotting Epic a potential $31.5 billion valuation per customary closing conditions. While the metaverse is still at the forefront of the company's announced plans, a lack of specificity around what form it'll all take remains. As is the case now, Epic Games seemed focused on the metaverse and aimed to build connected experiences across Fortnite, Rocket League, and Fall Guys. The company last closed funding on Apwhen it announced it had raised $1B, with $200M coming from Sony.There are already over 200 open roles at the time of publication. With major funding and lofty plans, there's likely to be an influx of job opportunities at Epic Games in the coming weeks as it continues to grow.This investment was perhaps foreshadowed by Epic and LEGO recently entering a "long-term" partnership that will see the two parties create child-friendly corners of the so-called metaverse.Founder and CEO Tim Sweeney will retain a controlling share in the company as it builds products to explore "the connection between digital and physical worlds."Ī wider lens: What exactly is Epic Games planning?.The funding round includes contributions from existing investor Sony and KIRKBI, the parent company of The LEGO Group.The $2B will be utilized by Epic Games to continue on its mission to "build the metaverse and support its continued growth.".The funding: Expect more of the same from the company, which is now valued at $31.5B. Epic Games, the company behind Fortnite and Unreal Engine, has raised $2 billion to "build the metaverse."
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