Sony invests $250 million into Epic Games for minority stake and better collaborations
Epic Games and Sony are partnering up, as Sony Corporation has invested $250 million dollars in Epic Games, in order to secure a minority stake in the company. According to the press release, this strategic investment will allow both parties to better collaborate, in both gaming and the "digital entertainment landscape". This follows Sony and Epic showing off the new Unreal Engine 5 together during the PlayStation 5 showcase event.
“Sony and Epic have both built businesses at the intersection of creativity and technology, and we share a vision of real-time 3D social experiences leading to a convergence of gaming, film, and music. Together we strive to build an even more open and accessible digital ecosystem for all consumers and content creators alike,” said Tim Sweeney, Founder and CEO of Epic.
Source