Sony has invested an eye-watering $250 million into Epic Games, the creators of Fortnite and the Unreal Engine. The transaction makes the Japanese giant a minority shareholder, alongside organisations such as Chinese juggernaut Tencent which purchased a 40 per cent stake in the firm back in 2012. According to a statement from both firms, the deal cements an already close relationship, as the pair “work together to advance the state of the art in technology, entertainment, and socially connected online services”.
For many, this will explain why Epic Games decided to debut its new Unreal Engine 5 technology running in realtime on PlayStation 5 hardware. Fortnite – and other Epic Games properties and technologies – will continue to exist on other platforms, although Sony’s portfolio of entertainment assets will be leveraged by the developer to “create unique experiences for consumers and creators”. An interesting development, then, and one that seems destined to expand beyond PlayStation, as the organisations discuss an “intersection of creativity and technology” which will “lead to a convergence of gaming, film, and music”.