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Sony specially hopes to develop "new digital fan experiences."

Chris Kerr, News Editor

April 11, 2022

1 Min Read

Sony has invested $1 billion into Fortnite maker Epic Games, having previously sunk $250 million into the company in July 2020.

Sony Group Corporation president and CEO, Kenichiro Yoshida, explained the PlayStation maker was eager to "deepen" its relationship in the "metaverse field" with its latest investment.

"We are 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," added Yoshida.

KIRKBI, the holding and investment company behind The Lego Group, has also invested $1 billion into Epic as part of the investment round.

The news comes just a week after Epic and The Lego Group partnered to create a metaverse experience for children

Commenting on its broader plans, Epic said the cash will be used to advance its vision to "build the metaverse and support its continued growth." At the time of writing, Epic's post-money equity valuation stands at $31.5 billion.

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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