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Sony Group & KIRKBI have invested $1billion dollars each into Epic Games for Metaverse

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Sony Group and KIRKBI have each invested $1 billion each into Epic Games. The investments have been made to help build the Metaverse and subsequently support its continued growth. The LEGO Group also announced last week that it has also invested $1 billion. Epic says that its post-money equity valuation is $31.5 billion.

“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.”

Kenichiro Yoshida, Chairman, President and CEO, Sony Group Corporation. “

“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.”

Søren Thorup Sørensen, CEO, KIRKBI.

“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.” 

Tim Sweeney, CEO and Founder, Epic Games

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