One of the manufacturing giants from Japan popular for its build quality Sony has recently announced that they invest $250 million in Epic Games. This $250 million deal gives Sony an interest in the gaming development studio as well as publisher.
According to a press release, the investment-led both the companies, “Broaden their collaboration across Sony’s leading portfolio of entertainment assets and technology, and Epic’s social entertainment platform and digital ecosystem to create unique experiences for consumers and creators,”
Moreover, the press release also states that Sony and Epic Games might create more entertaining games like Fortnite. The Epic Games company CEO and founder Tim Sweeney said, “We share the vision of real-time 3D social experiences leading to a convergence of gaming, film as well as the music industry.“ Sony Pictures and Sony Music might get a closer look at upgrading its PlayStation division’s games, and Epic will help them how to improvise gaming experience.
Well, well, well, this particular deal doesn’t mean Epic titles will now be exclusive for Sony Consoles ~ the studio will still be able to publish games on other platforms. Epic Games already confirmed this to VentureBeat.
Both Sony, as well as Epic, are working together for years, and Sweeney called Sony’s upcoming PlayStation 5 console a remarkably balanced device. Epic Games already use Sony PlayStation 5 to show off their abilities and the next-gen game engine. Sweeney also said that the company is working hard with Sony to develop the next-gen console’s storage and stating, “We’ve been working super close with Sony for quite a long time on storage.”
Epic Games also instrumental in getting Sony on board with a cross-play multiplayer since September 2018. However, if you have a Fortnite account before that, then Nintendo Switch and Xbox One players can play with each other and can even access progress and skin across those consoles. Meanwhile, the majority of PS4 games have added cross-play multiplayer features.
Epic has other investors like Tencent, who have invested a considerable amount of $330 million in 2012 and get a 40% stake in the studio. However, Sony isn’t investing as big as stake like Tencent. Sony and Epic said this $250 million deal a ‘minority interest,’ and Epic’s valuation has grown significantly after 2012. The company is celebrating the ongoing success of Fortnite, which earned $400 million in revenue in April of this year reports VentureBeat.
Sooner or later, both the companies are going to launch a newly constructed and more enhanced gaming experience for its users.