An investment of $250 million has been made by Sony to acquire a minority stake in Fortnite creator Epic Games and the Unreal Engine which is increasingly used in Hollywood production.
Epic’s founder & CEO Tim Sweeney said in a released statement: “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.”
Kenichiro Yoshida, the chairman, president & CEO of Sony, added in a statement, “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. Through 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.”
The Epic Game has provided a free-to-play battle royale game Fortnite which is a leading media platform since its launch in the year 2017. The game has generated around 300 million registered users and holds regular in-game and also holds events such as screenings of the director Christopher Nolan’s new film Tenet’s trailers as well as holding the virtual performance from the artist Travis Scott that attracted more than 12 million concurrent viewers.