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Epic fortnite sony kirkbi 31.5b12/31/2023 Søren Thorup Sørensen of the Kirkbi investment group said the investment "will accelerate our engagement in the world of digital play, and we are pleased to be investing in Epic Games to support their continued growth journey, with a long-term focus toward the future metaverse”. This was alongside another 1 billion from KIRKBI, the company behind. KIRKBI and Sony each invested 1B at a 31. “We are also 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,” said Sony Group president and CEO Kenichiro Yoshida in a press release. As announced earlier today on the official Epic Games website, Sony has invested a grand total of 1 billion into Epic Games. Game studio and software firm Epic Games announced it raised 2B from KIRKBI, LEGOs holding company, and Sony. Metaverse is being looked at as the next big frontier for tech companies. Facebook has already gone all-out and bet big on a connected virtual future, even changing its to Meta.Īlso Read: Epic Games buys out online music store Bandcamp April 11 (Reuters) - Epic Games said on Monday it had raised 2 billion from Sony Group Corp (6758.T) and the family owned holding company behind the Lego Group, valuing the 'Fortnite'. With this latest round of funding, the firm intends to. Players can attend these events with others from around the world. Tuesday Ap, the firm behind popular video game Fortnite, announced today that it has secured 2 billion in the funding round. The investment brings Epic Games’ valuation to a massive 31.5 billion after customary closing conditions. The popular free-to-play game regularly hosts online events like music concerts which happen in-game. Of the three companies, Epic already has done something similar with Fortnite. The metaverse is an immersive 3D version of the internet tipped to transform online interactions, with vast number of users sharing one seamless world. So far, metaverse hasn’t moved much beyond VR avatars in a digital space. The funding will, "accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive,” said Sweeny in a press release. The goal is to create a new social entertainment platform that explores the connection between "digital and physical worlds, it saidĪlso Read: CD Projekt RED announces partnership with Epic Games, next Witcher game to use Unreal Engine 5Įpic said it would continue to have a single class of common stock outstanding and controlled by CEO and founder Tim Sweeny. Sony and KIRKBI, an investment group with ties to Lego, have invested a total of 2 billion in Fortnite developer Epic Games to build the future of the metaverse. Epic Games has raised $2 billion in funding from Sony Group Corporation and Kirkbi, the holding and investment company of the Lego group, the Fortnite franchise creator has said.īoth Sony and Kirkbi invested $1 billion each and the funds would be used to "build the metaverse and support its continued growth ", Epic Games said on April 11.
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