This week the Sony Corporation made a huge investment into the future of games. Sony agreed to give a 250 million dollars to Epic Games and acquired a minority interest of the company ensuring the bright future ahead.
However, it’s worth mentioning that Epic Games will retain control over itself. While the exact percentage of company shares wasn’t revealed we can guestimate that it’s not above 10 percent. In 2012, Tencent bought 40 percent of Epic Games shares for 330 million, but we should keep in mind that this was prior to Fortnite’s success and the opening of its store.
Epic Games is known not only for its behemoth game Fortnite but also as the creators of Epic Games Store and the developer of widely popular Unreal Engine which is used to create games for PC, PlayStation, and Xbox consoles. In fact, just a few months ago, the new Unreal Engine was used to demonstrate the capabilities of the next-generation hardware. We wrote about this demo in detail in our previous blog post but in case you need a reminder you can find a video below.
Sony’s CEO Kenchiro Yoshida released a statement about the investment saying that this financial injection should help the whole gaming industry.
“Throughout our investment, we will explore opportunities for further collaboration with Epic to delight and bring value to consumers and the industry at large, not only in games but also across the rapidly evolving digital entertainment landscape.”
Seems like the future of games will be big and bright and we can’t wait to see what the next generation of games and entertainment will bring.