Over the last few months, Epic Games has had a lot to say about Sony and their latest console, the PS5. As you no doubt recall, the company unveiled their Unreal Engine 5 with that system via a pretty impressive tech demo. Well, it seems as if the two are even more chummy than you may have expected, because Sony has just invested a lot of money into the company.
As reported via VentureBeat, both companies jointed announced the new venture. Sony invested $250 million USD into the company, which Epic Games says has helped them raise $1.83 billion already. The only other statements was the CEOs of both companies praising the other with Sony saying Epic was at the forefront of the gaming industry, and Epic saying Sony shares a visual of experiences that intersect at multiple mediums, with Epic CEO Tim Sweeney promising the two will work towards “more open and accessible digital ecosystem for all consumers and content creators.”
While $250 million is obviously a massive amount of money, in the end it’s only about 1.4% of shares in Epic Games. This makes Sony a minority stake holder in the studio on the rather low end. So, if you’re worried about this impacting the gaming landscape, most likely it won’t, at least not on the long term.
