July 3, 2022

charliebowater.co.uk

WEBSITE NEWS UPDATE

Sony just threw $1 billion at Epic Games’ Metaverse

2 min read

Epic Games announced that the company received a $2 billion investment from KIRKBI (the company with ownership of The Lego Group) and Sony Group Corporation, with both companies investing $1 billion each. Sony already held a minor stake in Epic after a $250 million investment in 2020, giving the company 1.4% ownership at the time.

Sony President, Chairman and CEO Kenichiro Yoshida claims that the company is “thrilled to invest in Epic” in order to deepen their “relationship in the metaverse field.” Yoshida expresses confidence that this partnership which utilizes “Epic’s expertise” and “Sony’s technologies” will assist its development of “new digital fan experiences in sports” and “virtual production initiatives.”

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