Sony invests $250 million in Epic Games

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ManaByte

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venturebeat.com

Sony invests $250 million in Fortnite maker Epic Games

Sony has invested $250 million for a minority stake in Fortnite maker Epic Games, the companies announced today. Epic's games will stay cross-platform.
venturebeat.com venturebeat.com

Sony has invested $250 million for a minority stake in Fortnite maker Epic Games, the companies announced today. With the new money, Epic Games has raised $1.83 billion to date.

The companies said the deal cements an already close relationship between the two companies and reinforces the shared goal to advance the state of the art in technology, entertainment, and socially connected online services. This close relationship was underscored in May when Epic first showed the upcoming Unreal Engine 5 graphics running on a PlayStation 5. As the company itself has disclosed, Epic Games raised $1.58 billion to date in three previous funding rounds. In 2012, the company received a $330 million investment from Tencent for a 40% ownership stake.
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Under the deal, the investment enables Sony and Epic to broaden their collaboration, with Sony's portfolio of entertainment assets and technology and Epic's social entertainment platform and digital ecosystem (think Fortnite's increasing use as a social space or the Epic Games Store), to create unique experiences for consumers and creators. The closing of the investment is subject to customary closing conditions, including regulatory approvals.

Epic confirmed it will still be able to publish to other platforms. As noted, Sony is acquiring only a minority part of Epic Games, and it is not acquiring a controlling stake in the company.
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No wonder Tim Sweeny's been up their ass a lot lately.
 
Wow!!!!

I don't how this plays out. I know there's absolutely no way Fortnite becomes console exclusive obviously, or anything like that. But something will come from this.
 
Gee, what a shock. Can't wait to see to see Sony's PlayStation 5 exclusives day one on the Epic Games Store.
 
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DoctaThompson said:
I'd love to see the responses of a handful of people, who adamantly argued against the possibility of a partnership between the two companies.
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Im still waiting for them to answer from their 13 TF 32 GB HBM2 posts.

They're too busy shitpoting in threads about games which will actually come out in 2020 to make up for how their console is lacking there
 
And people said there wasn't a marketing deal even though Tim himself said there was one and has been lying about Playstation capabilities for multiple generations.

LOL

Explains a lot, doesnt it?
 
Similar thing happened with square enix. When they released that final fantasy movie and it bombed.

Dunno why epic needs to sell stakes. Its printing money or so I thought. Maybe giving away free games has drained a lot of it?
 
LMAO. Saw this coming a mile away. Explains perfectly why Epics Tim Sweeney "loves" the PS5. Those quotes sounded like PR propaganda. And now it's been proven that it was.
 
vaibhavpisal said:
Similar thing happened with square enix. When they released that final fantasy movie and it bombed.

Dunno why epic needs to sell stakes. Its printing money or so I thought. Maybe giving away free games has drained a lot of it?
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Epic is worth over 17billion. This is nothing really comparable to SE back then.

This is just Sony spending money for security and more free marketing/association, which is odd because Xbox exclusives use UE5 way more than Sony does.
 
Hmm might have been in the works for a while?

MS probably saw this coming and took the Gears IP from them ASAP.


Excited to see what comes out of it. If it is just epic game store related. Sony was being dumb.
 
Wow, I wonder what % that minority stake is. I also wonder how/if this will have an impact on future Epic releases.

I've suggested that it would make sense for Microsoft to adopt more broad in studio usage and standardize of some of their proprietary engine technology like EA with frostbite-only not making the mistake of limiting yourself to only one engine but rather a small selection. I wonder if this will make them consider moving away from their reliance on unreal?
 
This is bigger than PS5 silly people Unreal Engine is being used for TV & Movies now & Fortnite is just crazy
 
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Epic and Tim Sweeney are unbiased. LOL

He has been a PS cheerleader for 3 generations now and it finally paid off, you got to respect that long game hustle. Smart move by Sony though, they will need these strategic partnerships for next generation and having an engine optimized for your hardware could pay great dividend down the line.

Wish MS would have bought out Crytek so that it could have advanced that engine as they sort of fell off and UE just took over.
 
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oooooh ok, here comes the explanation

all these people thinking Epic has been praising the PS5 out of the kindness of their heart 😆
 
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Tencent already owns 40% of Epic Games.

Tencent and Sony made big joint investment in gaming and music together before this.



www.musicbusinessworldwide.com

Sony and Tencent’s ‘East meets West’ label, Liquid State, ramps up A&R with R3HAB signing, new projects - Music Business Worldwide

‘Liquid State is committed to making R3HAB not only one of the biggest artists in China, but also across the whole Asia continent.’…
www.musicbusinessworldwide.com www.musicbusinessworldwide.com

I wonder how much Tencent stake in Sony is?

With this recent investment Tencent (Chinese government) is probably the majority owner instead of Tim Sweeny.
 
Haha let see all those fuck-boys that cried about whaaa epic. Getting a ps5 now 😂😂😂😂
 
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Great bit of business for Sony I said in a previous thread ages ago that there most likely wasn't a partnership but now I think I was wrong ... But still a great bit of business even a minority stake .
 
I'm going to keep my gob shut. But you know what I'm thinking. It's the same as you. Why do I need to defrost things in the microwave before I can cook them.

But also...

I do hope this means UE5 isn't feature gimped for Xbox support. Would be utterly stupid, due to pc also using DX, but still, anything is possible once money changes hands.

250mil sounds a tad low though to me, how much are epic worth? Surely they make more bank than that on a weekend playing crazy golf?
 
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