8/13/2023 0 Comments Epic fortnite 2b sony kirkbi lego![]() Epic founder and CEO, Sweeney, continues to control the company, which has only a single class of common stock. With this new $2 billion investment, Epic said it's now valued at $31.5 billion. "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," Sweeney said. ![]() This investment will accelerate our engagement in the world of digital play, and we are pleased to be investing in Epic Games to support their continued growth journey, with a long-term focus toward the future metaverse."Įpic CEO Tim Sweeney said Epic needs partners "who share our vision" for the "future of entertainment," and those companies include Sony and Lego. KIRKBI CEO Søren Thorup Sørensen added, "A proportion of our investments is focused on trends we believe will impact the future world that we and our children will live in. 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." Sony Group CEO Kenichiro Yoshida said, "We are thrilled to invest in Epic to deepen our relationship in the metaverse field, a space where creators and users share their time. Epic Games, creators of the wildly popular video game Fortnite, just got a 2. This is just the latest investment from Sony, which has already invested $450 million into Epic Games over the years.Īs for Lego, its investment is no surprise, either, as Epic and Lego just announced a massive deal to create new family-friendly virtual playspaces aimed at children. Epic, the creator of Fortnite, is getting investments of 1 billion each from Sony and the company that makes Lego. KIRKBI and Sony each invested 1B at a 31.5B post-money equity valuation. ![]() Sony Group and KIRKBI-the holding an investment company that runs The Lego Group-are each investing $1 billion into Epic Games. Ryan Taylor 1 min read Photo by roderick Sia / Unsplash Game studio and software firm Epic Games announced it raised 2B from KIRKBI, LEGO's holding company, and Sony. ![]() The deal with KIRKBI was foreshadowed last week, when Lego and Epic announced plans to create an “immersive, creatively inspiring and engaging digital experience” for kids and families.Sony Group and the owners of The Lego Group are investing $2 billion into Fortnite studio Epic Games as the company continues its mission to create a metaverse. “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.” “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.” said Kenichiro Yoshida, chairman, president and CEO of Sony Group Corp., in a statement. In trial, a judge ruled that Apple was OK to charge a commission, but found that the tech giant’s anti-steering rule (which said that companies like Epic couldn’t direct users to their website to pay for a subscription or content) was inappropriate. The gaming company argued that Apple’s 30 percent cut of purchases was monopolistic. The company has also been on the hunt for acquisitions, most recently the music and artist community platform Bandcamp, just last month.īut it has also faced public scrutiny, driven by its antitrust lawsuit against Apple. “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,” said Sweeney in announcing the deal.Įpic has seen record-smashing growth in recent years, driven by Fortnite and the continued expansion of Unreal. WWE Stunner: Vince McMahon Says He Plans to Rejoin Board of Directors as Company Pursues Possible Sale
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