Sony to Invest $250 Million in Epic Games for Minority Stake

Sony will invest $ 250 million (approximately Rs. 1,882 crores) in Epic Games for a minority stake, the two companies announced. The investment has been made through a wholly-owned subsidiary of Sony. The development was shared through a press release and by Sony on its website and states that this investment will help Sony and Epic create unique experiences for creators and customers. The companies are awaiting regulatory approvals for the closing of this investment.

“The investment enables Sony and Epic to aim to expand their collaboration through Sony’s leading portfolio of entertainment assets and technology, and Epic’s digital entertainment platform and digital ecosystem to create unique experiences for consumers and creators. The closing of the investment is subject to customary closing conditions, including regulatory approvals. “

The press release (Sony website) states that the $ 250 million will be invested in Epic Games through the Sony subsidiary, without naming the subsidiary. The launch does not share all the details of this investment but states that both companies will use the experience of the other to create unique experiences for customers of Sony and Epic Games, as well as for developers. It establishes that this investment reinforces the already close relationship between the two companies.

Kenichiro Yoshida, President, and CEO of Sony Corporation said Epic is at the forefront of game engine development with its Unreal Engine. Sony plans to use this investment to bring value to the industry across the changing digital entertainment landscape.

Tim Sweeney, founder and CEO of Epic, shared that both Sony and Epic Games “share a vision of real-time 3D social experiences leading to a convergence of games, movies, and music.” Its goal is to build a more open and accessible digital ecosystem for consumers and developers, working with Sony.