Epic Games has announced that Sony Group Corporation and KIRKBI, the family-run company behind LEGO, will each invest $1 billion into the company to support its investment in the metaverse and other areas of growth. Details on the investment will be revealed after the closing of the deal from the regulatory boards. Epic Games has also partnered with the LEGO Group to work on a metaverse project. Sony Group Corp owns a 2.4% stake in Epic Games prior to the closing of the current investment.
Here’s what Kenichiro Yoshida, president of Sony Group, had to say:
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. 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.
Here’s what Søren Thorup Sørensen, CEO of KIRKBI, had to say:
Epic Games is known for building playful and creative experiences and empowering creators large and small. 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 will accelerate our engagement in the world of digital play, and we are pleased to be investing in Epic Games to support their continued growth journey, with a long-term focus toward the future metaverse.
Here’s what Tim Sweeney, CEO of Epic Games, had to say:
As we reimagine the future of entertainment and play we need partners who share our vision. We have found this in our partnership with Sony and KIRKBI. 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.