Nintendo’s industry pal Sony has actually simply invested another $200 million in the Fortnite developer Epic Games.
Impressive’s $1 billion in funding from Sony and numerous other business will allow it to support future development chances, including its “Metaverse”. This now also puts the business’s equity valuation at $28.7 billion.
According to Epic’s most current PR, Sony’s financial investment strengthens the shared mission to advance tech and more:
” [The investment] builds on the already close relationship in between the two business and strengthens their shared objective to advance the cutting-edge in technology, entertainment, and socially-connected online services.”
As Push Square’s editor Sammy Barker highlights, this is not an investment from the PlayStation division.
Sony’s first minority stake in Epic really took location last year when it dropped $250 million on the computer game juggernaut. It was clarified here on Nintendo Life at the time that it wouldn’t impact Epic’s titles on other platforms, like the Switch.
Here’s exactly what Epic’s CEO and creator, Tim Sweeney, had to state about protecting $1 billion:
“We are grateful to our brand-new and existing investors who support our vision for Epic and the Metaverse. Their investment will help accelerate our work around structure connected social experiences in Fortnite, Rocket League and Fall Guys, while empowering game developers and developers with Unreal Engine, Epic Online Services and the Epic Games Store.”
On a related, and much lighter note, Horizon Zero Dawn lead character Aloy (who likewise happens to be a PlayStation IP) will be joining Fortnite.