The two companies announced that Sony would invest $ 250 million (about Rs 1,882 crore) in Epic Games. The investment has been made through a wholly owned subsidiary of Sony. The development was shared through a press release and by Sony on its website, and states that this investment will help Sony and Epic create unique experiences for creators and customers. Companies are awaiting regulatory approval for the termination of this investment.
“Allows investment Sony And Epic Sony’s entertainment wealth and technology, and Epic’s social entertainment platform and digital ecosystem aimed at broadening their collaboration to create unique experiences for consumers and creators. Closing of investments is subject to customary winding conditions with regulatory approval. “
Press release (Sony Website) States that $ 250 million will be invested in Epic Games through a wholly owned subsidiary of Sony without naming the subsidiary. The release does not share all the details of this investment but states that the two companies will use each other’s expertise to create unique experiences for both Sony and Epic Games as well as developers. It added that this investment strengthens the already close relationship between the two companies.
Sony Corporation President and CEO Kenichiro Yoshida said Epic is at the forefront of game engine development with it Unreal Engine. Sony plans to use this scheme to bring value to the industry in the evolving digital entertainment landscape.
Epic founder and CEO Tim Sweeney said that both Sony and Epic Games “share the vision of real-time 3D social experiences for the convergence of gaming, film and music.” It aims to create a more open and accessible digital ecosystem for consumers and developers by working with Sony.
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