“Epic Games is known for building playful and creative experiences and empowering creators large and small. KIRKBI CEO Soren Thorup Sorensen shared similar sentiments of delight to deepen partnerships with Epic Games. 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 “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. Sony Group CEO, chairman of the board, and president Kenichiro Yoshida was thrilled to continue to deepen the bond between Sony and Epic. LEGO has recently partnered with Epic Games to create a metaverse experience while Sony has invested millions of dollars into Epic in previous years already. Meanwhile, the LEGO Group just announced a partnership with Epic Games to create a metaverse experience between the two brands. ![]() According to the release, Sony Group Corporation and KIRKBI each put $1 billion a piece into Epic Games to support its growth, as well as its vision to build a “metaverse.” This marks a third time Sony has invested massive sums into Epic, following a $250 million investment in 2020 and another $200 million in 2021. The Epic Games company shared the details of this funding round in a recent press release on its website, posted on April 11, 2022. Epic Games just announced the results of a recent funding round, revealing that both Sony and KIRKBI (the holding and investment company behind LEGO Group) had invested $2 billion USD into Epic. Featured image from UploadVR, chart from TradingView.The future looks fairly stellar and active for Epic Games with successes like Fortnite still generating cash and excitement, as well as exciting prospects like Unreal Engine 5 finally being released into the wild, and it’s getting even brighter with various investments. This move comes on the heels of Microsoft’s $70 billion acquisition of Activision Blizzard, the company behind Call of Duty and Candy Crush. Meanwhile, in a series of recent significant gaming industry acquisitions, Sony paid $3.6 billion for video game developer Bungie, the studio behind the Halo and Destiny franchises. There is no clear description of the “metaverse” at the moment, primarily because it does not exist, but it is widely viewed as a network of virtual places that will enable new forms of online connectivity. ![]() The metaverse is supposed to be a revolutionary improvement that will redefine how people shop, socialize, play games, and even work, and interest in the metaverse has grown in recent months following Facebook’s parent company’s rebranding as Meta. ![]() It’s a vision for a more immersive internet in the future, one in which users interact in three-dimensional spaces via avatars. ![]() Suggested Reading | Elon Musk: DOGE Payment For Twitter Blue, Shelter For The Homeless – And No To Twitter Board Apple’s 30% cut of purchases, the gaming company contended, was monopolistic.ĭuring the trial, a judge concluded that while Apple was permitted to charge a commission, the tech giant’s anti-steering rule was deemed inappropriate. However, it has come under fire from the public because of its antitrust litigation against Apple. Epic states that with this new funding, the three firms will focus on developing new forms of social entertainment that investigate the relationship between the digital and physical worlds.Įpic has had record-breaking growth in recent years, fueled by Fortnite and Unreal’s continuous expansion.Ĭrypto total market cap at $1.81 trillion on the daily chart | Source: Īdditionally, the corporation has been on the lookout for acquisitions, most recently Bandcamp, a music and artist community platform.
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