“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,” said Sony Group president and CEO Kenichiro Yoshida in a press release. Enter Techmeme snapshot date and time: Cancel Mediagazer memeorandum WeSmirch. Epic Games owns the popular game Fortnite, which peaked a couple years ago but still had 80M users in January 2022, according to an article titled 'Is Fortnite Dying' Epic also makes game development suite Unreal Engine, which has 15 market share. Metaverse is being looked at as the next big frontier for tech companies. Facebook has already gone all-out and bet big on a connected virtual future, even changing its to Meta.Īlso Read: Epic Games buys out online music store Bandcamp Reuters: Epic Games, which makes Fortnite, raises 2B from Sony and KIRKBI, the holding company behind LEGO, at a 31.5B post-money valuation. KIRKBI and Sony each invested 1B at a 31.5B post-money equity valuation. Players can attend these events with others from around the world. Epic Games, which makes Fortnite, raises 2B from Sony and KIRKBI, the holding company behind LEGO, at a 31. The popular free-to-play game regularly hosts online events like music concerts which happen in-game. Of the three companies, Epic already has done something similar with Fortnite. The metaverse is an immersive 3D version of the internet tipped to transform online interactions, with vast number of users sharing one seamless world. So far, metaverse hasn’t moved much beyond VR avatars in a digital space. The funding means that Epic is now valued at 31.5 billion, after Sony and Kirkbi A/S, the holding company of the Kirk Kristiansen family, put in 1 billion apiece, according to a. Epic secures 2 billion from Sony, KIRKBI to fund its metaverse plans Epic recently announced a partnership with Lego to create a metaverse for kids. The funding 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 Sweeny in a press release. The goal is to create a new social entertainment platform that explores the connection between "digital and physical worlds, it saidĪlso Read: CD Projekt RED announces partnership with Epic Games, next Witcher game to use Unreal Engine 5Įpic said it would continue to have a single class of common stock outstanding and controlled by CEO and founder Tim Sweeny. Epic Games has raised $2 billion in funding from Sony Group Corporation and Kirkbi, the holding and investment company of the Lego group, the Fortnite franchise creator has said.īoth Sony and Kirkbi invested $1 billion each and the funds would be used to "build the metaverse and support its continued growth ", Epic Games said on April 11.
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