#Epic fortnite 2b sony kirkbi lego movie#
It built on the success of the core battle royale mode by introducing dozens of crossover skins, virtual items and dance moves in-game movie nights and concerts and a creative mode that lets plays build just about anything they can imagine. “This investment will accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive.”Įpic has been piecing together a metaverse (a shared virtual world for all manner of experiences) inside Fortnite over the last several years. Safety, privacy, and parental control will be features of the new. Epic Games has raised 2 billion from the two investors. We have found this in our partnership with Sony and Kirkbi,” Sweeney said in a statement. Epic, Sony, and Lego will team up to build a safe virtual world for kids. “As we reimagine the future of entertainment and play we need partners who share our vision. Just last week, the publisher and The Lego Group announced a partnership to build a kid-friendly metaverse, possibly in the hope of challenging the likes of Minecraft and Roblox. Kirkbi also has an existing relationship with Epic. It gave the company a $250 million cash injection in 2020 in exchange for a minority stake. It's not the first time that Sony has invested in Epic. Sony, which works with Epic on the PlayStation and already owned a stake in the company, and Kirkbi, the family-owned holdings company behind the Lego toy brand.
Epic has ambitions to build the metaverse, but it’s unclear whether blockchain, NFTs, and crypto will play a role in its plans. Epic received another 1 billion each from Sony and from Kirkbi, the parent company of The Lego Group, in April 2022 for continued support of building out. The funding puts the post-money equity valuation of Epic at $31.5 billion, while founder and CEO Tim Sweeney remains in control. Fortnite creator Epic Games has raised 2 billion from Sony and LEGO parent KIRKBI, at a 31.5 billion valuation.
#Epic fortnite 2b sony kirkbi lego software#
Jose Najarro, a contributing analyst at The Motley Fool who covers the tech and gaming industries, tells NPR the $2 billion investment "affirms that the metaverse has a future for the gaming community." He adds that it could also further Epic's game engine development: "Unreal Engine is a software tool to create and design video games, and could be an essential tool for creating the metaverse.Epic Games has received two big briefcases stuffed with cash which will help it "advance the company’s vision to build the metaverse and support its continued growth.” Sony and Kirkbi, the majority owner of The Lego Group, are each plowing $1 billion into the publisher. More simply put, the partnership of Lego and Epic will "build a fun place for kids to play in the metaverse!" as Epic tweeted when it announced a partnership with Lego a few days ago. "This investment will accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive," Sweeney says in a statement. Sony and KIRKBI have each invested 1B in Epic Games to advance the company’s vision to build the metaverse and support its continued growth. Today the company has some 40 offices around the world. In addition to Fortnite, Epic developed the 3D game engine Unreal Engine. Headquartered in Cary, N.C., Epic Games was founded by CEO Tim Sweeney in 1991. Sony and Kirkbi will each invest $1 billion in Epic.
and Kirkbi, the family-owned company behind The Lego Group.
Rafael Henrique/SOPA Images/LightRocket/Getty ImagesĮpic Games, creators of the wildly popular video game Fortnite, just got a $2 billion investment from legacy entertainment giants Sony Group Corp. The April 11 announcement comes soon after Lego and Epic Games revealed a partnership to. Epic, the creator of Fortnite, is getting investments of $1 billion each from Sony and the company that makes Lego. Sony and KIRKBI contributed 1 billion each to the funding round.
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