Epic Games can look forward to the next windfall, because after a cooperation with the LEGO Group, a large cash injection from Sony has now been confirmed.
Epic Games has now officially confirmed two major new investments in the company via its own website. One is a whopping $1 billion payment from the KIRKBI Group, which also owns the LEGO Group; such a collaboration regarding the common Metaverse had become public a few days ago.
The PlayStation manufacturer Sony is now investing the same amount again, i.e. also one billion dollars, in Epic Games. The aim of the two investments and cooperations is to “create new types of social entertainment” and “explore the connection between physical and digital worlds”.
Sony’s Kenichiro Yoshida emphasized that they have a lot of trust in Epic Games’ expertise, including the powerful Unreal Engine. Combined with Sony’s technologies, various efforts can be significantly accelerated and, for example, digital fan experiences in the sports sector or virtual production initiatives can be started.
KIRKBI’s Soren Thorup Sorensen aims to use the investment to accelerate its efforts in the world of digital gaming. The capital employed will not only further accelerate and continue Epic Games’ growth journey, but also underscore its own long-term focus on the Metaverse.
Epic’s Tim Sweeney also references this focused metaverse and wants to offer players new virtual spaces where they can have fun with friends and share creative and immersive experiences based on different brands.
According to their own statements, Epic Games is now worth 31.5 billion US dollars after the newly secured deals. Despite the share purchases, Epic Games will remain independent and make its own decisions about the business models.
Epic Games has now made the technology demo The Matrix Awakens based on the new Unreal Engine 5 available for PS5 and Xbox Series X/S.
