A proportion of our investments is focused on trends we believe will impact the future world that we and our children will live in. Søren Thorup Sørensen, CEO of Kirkbi, added: “Epic Games is known for building playful and creative experiences and empowering creators large and small. 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.” Kenichiro Yoshida, chairman, president and CEO of Sony Group Corporation, said in a statement: “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. Gaming Sony, Lego invest 2B in 'Fortnite' maker Epic Games By James Thorne ApEpic Games has raised 2 billion from Lego owner Kirkbi Invest and Sony as the trio eyes opportunities to build virtual experiences that will lay groundwork for the metaverse. “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.” Epic last raised cash in May of last year at a 28.7 billion valuation. We have found this in our partnership with Sony and KIRKBI,” Sweeney said in a statement. Sony and KIRKBI will each contribute 1 billion in the round, which values Epic at 31.5 billion. “As we reimagine the future of entertainment and play we need partners who share our vision. That decision found Apple had suitable reasons to force some app makers such as Epic to use its payment system and take commissions of 15% to 30% on their sales.Fortnite Creator Epic Games Raises $1 Billion at a $28.7 Billion Valuation
EPIC FORTNITE 2B SONY KIRKBI LEGO TRIAL
"Fortnite" is already considered to be part of the metaverse, and the investment in Epic will give Sony a chance to delve deeper and capitalize on that business.Įpic Games has largely lost a trial last year over whether Apple's (AAPL.O) payment rules for apps were anticompetitive.
Microsoft (MSFT.O) in January agreed to buy "Call of Duty" maker Activision Blizzard (ATVI.O) for $68.7 billion, marking the biggest acquisition in the gaming sector and boosting the industry's bet on the metaverse. Metaverse is the latest buzzword in the technology space, and broadly refers to the idea of a shared virtual platform that people can access through different devices and where they can move through digital environments.ĭeals are picking up pace in the segment as tech giants see it to be a major innovation and revenue generator. Sony, an existing investor, and the Kirkbi investment company each invested $1 billion, Epic said, with the fundraising to help advance a metaverse partnership the company had entered into with the Lego Group earlier this month. Epic Games to donate all Fortnite proceeds for 2 weeks to Ukraine relief (). April 11 (Reuters) - Epic Games said on Monday it had raised $2 billion from Sony Group Corp (6758.T) and the family owned holding company behind the Lego Group, valuing the "Fortnite" creator at $31.5 billion. Sony and Kirkbi (Lego) Invest 2B in Epic Games (). Epic’s plans to build a metaverse just got a huge cash injection: today the Fortnite developer announced a 2 billion round of funding, which it says will be used to advance the company’s vision to build the metaverse and support its continued growth.
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