Saturday, 11 July 2020

Sony invests $250 million into Fortnite creator



Following the impressive Unreal Engine 5 tech demo running on PlayStation 5 (PS5) last May. Sony has acquired a minority stake in Epic Games, creator of the Fortnite online video game franchise.

“Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations. There’s no better example of this than the revolutionary entertainment experience Fortnite,” Sony president and CEO Kenichiro Yoshida said in a statement.

“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,” Yoshida added.

Epic founder and CEO Tim Sweeney added, “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.”

Epic Games most recently worked with Lucasfilm on real-time visual effects rendering for Disney+'s first live-action Star Wars series The Mandalorian.

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