Sony unexpectedly invested US $ 250 million in Epic Games, owning a 1.4% stake

Sony has just invested $ 250 million into Epic Games, famous for its Fortnite game and recently the Epic Store gaming platform. The deal allowed Sony to hold a 1.4% stake in Epic Games, when the game company was valued at $ 17.86 billion.

According to the report, this investment will allow the two companies to expand cooperation. Sony and Epic Games may want to create as much multimedia experience as Fortnite, a game that PS4 players can connect to a PC.

Not only that, Sony and Epic want to give players a variety of virtual experiences other than games. For example, the music tour Travis Scott is organized right in the game Fortnite.

Sony owns subsidiaries such as Sony Pictures and Sony Music, so linking up with Epic Games’ gaming platform will bring unique virtual movie and music experiences. In the future, people will not only go into the game to play games, but also watch movies or watch a music show.

Epic Games currently has another notable shareholder, Tencent, the game giant in China. In 2012, Tencent spent $ 330 million to own a 40% stake. However, since then, the value of Epic Games has increased significantly thanks to the success of Fortnite. In April alone, Epic Games grossed $ 400 million.

Reference: theverge