Sony Just gave a BILLION DOLLARS to Epic Games to Help PLAYSTATION?

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Sony has invested an additional $1 billion in Epic Games, which announced the completion of a new $2 billion funding round on Monday.

The PlayStation maker already had a minority stake in Epic, having invested $450 million in the Fortnite and Unreal Engine maker since July 2020. While there’s no universally accepted definition, the metaverse is a network of 3D virtual spaces where users can socialise, play and work, and some envision it as a successor to the mobile internet.

“As a creative entertainment company, we are thrilled to invest in Epic to deepen our relationship in the metaverse field, a space where creators and users share their time,” said Sony CEO Kenichiro Yoshida.

“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.”