A Sony Epic Games investment has been announced today via a press release. The company behind the upcoming PlayStation 5 has purchased a small portion of Epic Games for the healthy sum of $250 million. That'll buy at least three or four PS5s!
“Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations," stated Sony President and CEO Kenichiro Yoshida.
"Through our investment, we will explore opportunities for further collaboration with Epic to delight and bring value to consumers and the industry at large, not only in games, but also across the rapidly evolving digital entertainment landscape," he continued."
The Sony Epic Games investment will give the PlayStation manufacturer a minority interest in the company via a wholly-owned subsidiary.
What Does the Sony Epic Games Investment Mean for Gaming?
One big question about this investment is how it will affect the gaming world, if it will effect it at all. One hint lies in a quote from Epic CEO Tim Sweeney in the same press release.
"Sony and Epic have both built businesses at the intersection of creativity and technology, and we share a vision of real-time 3D social experiences leading to a convergence of gaming, film, and music," Sweeney said. "Together we strive to build an even more open and accessible digital ecosystem for all consumers and content creators alike."
Epic Games, for its part, has already made steps on that front with its Fortnite Party Royale in-game events. These events have featured live concerts and screenings of movies thus far.
Sony also happens to be the only gaming console that has made a serious effort in the VR space in recent years. Combining Epic and Sony's initiatives with the power of PSVR could make for a pretty powerful experience.
This new Sony Epic Games investment is just one of the many representations of the close relationship between the two companies; earlier this year, the Unreal Engine 5 was revealed using a tech demo running on a PlayStation 5.
What do you think the Sony Epic Games investment will mean for the gaming world? Do you think they'll collaborate on an exclusive game in the future? Let us know in the comments below!