Epic fortnite sony kirkbi 31.5b software#

Sony and LEGO owner KIRKBI both invested 1 billion in the raise. 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”. The gaming company behind the battle royale hit Fortnite announced it had completed a 2 billion raise Monday, putting the firm’s post-money equity valuation at 31.5 billion. The two companies have each put 1bn into Epic in deals designed to strengthen their digital presence, with the game publisher valued at 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. Epic Games, the makers of hit battle royale title Fortnite, received a 2bn investment boost from Sony Group Corp and the owners of the Lego Group, Kirkbi this week.

Enter Techmeme snapshot date and time: Cancel Mediagazer memeorandum WeSmirch. 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 Reuters: Epic Games, which makes Fortnite, raises 2B from Sony and KIRKBI, the holding company behind LEGO, at a 31.5B post-money valuation. Players can attend these events with others from around the world. 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. KIRKBI and Sony each invested 1B at a 31.5B post-money equity valuation.

Epic fortnite sony kirkbi 31.5b software#

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. Game studio and software firm Epic Games announced it raised 2B from KIRKBI, LEGO's holding company, and Sony. 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. 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.