![]() In addition to this, KIRKBI, the company behind LEGO, has invested 1bn in Epic as well. Many gamers remain skeptical of NFTs and other metaverse-adjacent technologies that are seen as money-makers for developers but currently add little value for gamers. Sony currently includes a handful of exclusive Fortnite cosmetics as part of PlayStation Plus. ![]() KIRKBI and Sony each invested 1B at a 31.5B post-money equity valuation. and Kirkbi, the family-owned company behind. Game studio and software firm Epic Games announced it raised 2B from KIRKBI, LEGOs 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. Game developers have walked a cautious line in describing their visions for the metaverse. Epic Games, creators of the wildly popular video game Fortnite, just got a 2 billion investment from legacy entertainment giants Sony Group Corp. And, in another sign of broadening ambitions, Epic Games acquired music marketplace Bandcamp in March. Digital Sony, Lego Owner Invest 2B in ‘Fortnite’ Publisher Epic Games The new investment values Epic at 31.5 billion, up from a 28.7 billion valuation less than a year ago. Sony, which has invested in Epic before, plans to leverage the company's game engine to create virtual sporting events and other experiences.Įpic and Lego also recently partnered to build digital experiences aimed at children, illustrating a metaverse that would be more focused on creativity and play than traditional gaming. The new investment supports Epic's efforts to build "social entertainment" experiences-not just games-for adults and children, in coordination with strategic partners. 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. Epic rival Roblox's market capitalization has fallen more than 42% since its direct listing in March 2021, from $45.3 billion to $25.9 billion today. The gaming industry is also contending with less rapid growth than it saw during the early days of the pandemic. The investment brings Epic Games’ valuation to 31.5. In the form of video games like Epic’s hit Fortnite. Late-stage valuations have come under pressure in recent months because of public stock declines. Japanese giant Sony and Legos Danish parent firm announced Monday a 2. News by Victoria Kennedy News Reporter Published on Follow Fortnite 24 comments Sony has. The deal increased Epic's post-money valuation to $31.5 billion, indicating less than $1 billion in organic valuation growth since April 2021-a slower pace relative to the company's reported valuation growth in prior years. Sony, Lego group invest 1bn each in Fortnite maker Epic Games Drakes fortune. 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.
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