#EPIC FORTNITE 2B SONY LEGO 31.5B SOFTWARE#

#EPIC FORTNITE 2B SONY LEGO 31.5B SOFTWARE#

We'll see if Sony and LEGO can stomach Sweeney's views on whether software payment processors deserve 3% or 30% of a transaction. Reuters: Epic Games, which makes Fortnite, raises 2B from Sony and KIRKBI, the holding company behind LEGO, at a 31.5B post-money valuation. Sony and LEGO appear to desire access to Epic's gaming software expertise.

By partnering with Sony and LEGO, Epic Games gains access to valuable intellectual property to draw users into its metaverse. Sony and Lego Owner Invest 2B in ‘Fortnite’ Publisher Epic Games Billboard Tech Sony Invests 1B in Bandcamp and ‘Fortnite’ Owner Epic Games The new investment values Epic at. The company was valued at 31.5 billion following the raise. As it works to turn a former shopping mall into its new headquarters, Cary-based Epic Games is adding another 2 billion to its coffers, bringing its valuation to 31.5 billion a situation. Epic Games, creators of the wildly popular video game Fortnite, just got a 2. The company behind the wildly popular Fortnite game has laid out its plans. Launching a metaverse is expensive and risky. Epic, the creator of Fortnite, is getting investments of 1 billion each from Sony and the company that makes Lego. Kenichiro Yoshida, Chairman, President, and CEO of Sony Group Corporation, said: '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.' The deal increased Epic's post-money valuation to 31. The latest round comes after Epic Games raised 1 billion in 2021 and 1.78 billion in 2020. Epic Games has raised 2 billion from Lego owner Kirkbi Invest and Sony as the trio eyes opportunities to build virtual experiences that will lay groundwork for the metaverse. Søren Thorup Sørensen, CEO of KIRKBI explained his firm's metaverse investment: 'A proportion of our investments is focused on trends we believe will impact the future world that we and our children will live in.' This investment announcement follows last week's announcement that Epic Games has partnered with LEGO to develop a metaverse for children. Epic Games says the latest raise stretches its valuation to above 31 billion. Sweeney's metaverse vision is closer to the general crypto vision than Meta's, but there's still no crypto tie-in necessary for Epic to profit. Epic allows crypto games to operate on their platform, while its main competitor, Steam, has banned them. Tim Sweeney, CEO of Epic Games, has long been a proponent of crypto. KIRKBI and Sony each invested $1B at a $31.5B post-money equity valuation.Įpic Games owns the popular game Fortnite, which peaked a couple years ago but still had 80M users in January 2022, according to an article titled 'Is Fortnite Dying?' Epic also makes game development suite Unreal Engine, which has ~15% market share. Game studio and software firm Epic Games announced it raised $2B from KIRKBI, LEGO's holding company, and Sony. The Fortnite x Lego collaboration will be released in Creative 2.0 (Image via Epic Games) Epic Games was supposed to release Fortnite Creative 2.0 with the release of Chapter 4 Season 1. 1 min read Photo by roderick Sia / Unsplash.

Epic fortnite 2b sony lego 31.5b