Sony Buys Epic Stake

CNBC reports that Sony has bought a minority stake in Epic Games. Word is the new $250 million investment expands upon their existing relationship. Interestingly, this creates one degree of separation between Sony, a Japanese company, and Tencent, the Chinese company that also owns a share of Epic. Here's word:
Sony has invested $250 million in Epic Games, the company behind the popular battle-royale video game “Fortnite.”

The PlayStation console maker will take a minority stake in Epic, the two companies said Thursday, in a strategic investment deal that expands on an existing relationship between both firms.

Other than being known for creating hit titles like “Fortnite” and the “Gears of War” franchise, Epic is seen as a major player in the video games industry thanks to its Unreal game-engine software that powers many of the world’s top games. The company also runs an online video games store that competes with Steam.

“Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations,” Sony CEO Kenichiro Yoshida said in a statement Thursday. “There’s no better example of this than the revolutionary entertainment experience, Fortnite.”

“Through our investment, we will explore opportunities for further collaboration with Epic to delight and bring value to consumers and the industry at large, not only in games, but also across the rapidly evolving digital entertainment landscape.”

“I see this as more strategically broad,” than just gaming, Piers Harding-Rolls, head of games research at Ampere Analysis, told CNBC. “Epic is increasingly active in production across different entertainment markets and is enabling content convergence through Fortnite. Much of this aligns to different businesses within Sony.”

The investment is subject to regulatory approvals, Sony and Epic said.

It’s a significant deal for Sony into one of the world’s top gaming brands. Privately-held Epic is also backed by another household name in the industry, Chinese firm Tencent.

The news arrives as Sony gears up to launch its PlayStation 5 console later this year. The Japanese firm has been intensifying its battle with Microsoft to convince gamers to buy its next-generation device over the upcoming Xbox Series X.
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15 Replies. 1 pages. Viewing page 1.
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15.
 
Re: Sony Buys Epic Stake
Jul 10, 2020, 13:07
Jivaro
 
15.
Re: Sony Buys Epic Stake Jul 10, 2020, 13:07
Jul 10, 2020, 13:07
 Jivaro
 
Mgshadow wrote on Jul 10, 2020, 12:12:
Its a 1.3 percent stake (If another source I read was correct) Its really a non-issue. Just seems a little late, Fortnite doesn't seem to be pulling the numbers it was last year.

Are shareholders shown info that non-shareholders aren't? Or maybe shown first by some amount of time? That would be why I might buy into companies I either work with or compete against. I wouldn't know though, I am not in that tax bracket. I just kinda assumed that would be the case.
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14.
 
Re: Sony Buys Epic Stake
Jul 10, 2020, 12:12
14.
Re: Sony Buys Epic Stake Jul 10, 2020, 12:12
Jul 10, 2020, 12:12
 
Its a 1.3 percent stake (If another source I read was correct) Its really a non-issue. Just seems a little late, Fortnite doesn't seem to be pulling the numbers it was last year.
Avatar 55567
13.
 
Re: Sony Buys Epic Stake
Jul 10, 2020, 11:00
Jivaro
 
13.
Re: Sony Buys Epic Stake Jul 10, 2020, 11:00
Jul 10, 2020, 11:00
 Jivaro
 
hostile takeover! just kidding
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12.
 
Re: Sony Buys Epic Stake
Jul 10, 2020, 10:58
12.
Re: Sony Buys Epic Stake Jul 10, 2020, 10:58
Jul 10, 2020, 10:58
 
MeanJim wrote on Jul 9, 2020, 22:40:
This explains why Sweeny's nose was so far up Sony's ass with all the PS5 praising recently.

Yeah... that's what I was thinking... PS5 advertising kickback.

That said... I'd still choose Sony over Microsoft. Does the xbone still put apps like prime, netflix, hulu behind a paywall or mandatory sign in to Microsoft? I'm almost never signed into my PS4 unless I'm buying / downloading a game.
Get your games from GOG DAMMIT!
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11.
 
Re: Sony Buys Epic Stake
Jul 10, 2020, 10:53
Kxmode
 
11.
Re: Sony Buys Epic Stake Jul 10, 2020, 10:53
Jul 10, 2020, 10:53
 Kxmode
 
RedEye9 wrote on Jul 10, 2020, 06:11:
The Half Elf wrote on Jul 10, 2020, 06:04:
Kxmode wrote on Jul 10, 2020, 02:46:
Dacron wrote on Jul 10, 2020, 02:33:
Kxmode wrote on Jul 10, 2020, 01:20:
Acleacius wrote on Jul 10, 2020, 00:13:
Beamer wrote on Jul 9, 2020, 22:37:
One of the VCs overseeing this actually reached out to me a month ago asking me if I wanted to buy in.

It was odd. I've never had anyone do that before. Part of me was thinking of course. Another part of me was thinking I don't have that kind of cash (he didn't mention the minimum, but I'd guess high), and 17B seems like Epic towards a peak
I'm a African Prince and have I got a deal for you's! Giggle

Are you Coming to America?

Not until you get COVID under control, it's safer in Africa.

Arsenio Hall did

I am sad you didn't get the reference.
Charlize Theron really did.

You could say she's Furious about it.
"Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times." - Those Who Remain by G. Michael Hopf
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10.
 
Re: Sony Buys Epic Stake
Jul 10, 2020, 06:11
10.
Re: Sony Buys Epic Stake Jul 10, 2020, 06:11
Jul 10, 2020, 06:11
 
The Half Elf wrote on Jul 10, 2020, 06:04:
Kxmode wrote on Jul 10, 2020, 02:46:
Dacron wrote on Jul 10, 2020, 02:33:
Kxmode wrote on Jul 10, 2020, 01:20:
Acleacius wrote on Jul 10, 2020, 00:13:
Beamer wrote on Jul 9, 2020, 22:37:
One of the VCs overseeing this actually reached out to me a month ago asking me if I wanted to buy in.

It was odd. I've never had anyone do that before. Part of me was thinking of course. Another part of me was thinking I don't have that kind of cash (he didn't mention the minimum, but I'd guess high), and 17B seems like Epic towards a peak
I'm a African Prince and have I got a deal for you's! Giggle

Are you Coming to America?

Not until you get COVID under control, it's safer in Africa.

Arsenio Hall did

I am sad you didn't get the reference.
Charlize Theron really did.
The third rule of "Fight Club"—wear a mask.
Avatar 58135
9.
 
Re: Sony Buys Epic Stake
Jul 10, 2020, 06:04
9.
Re: Sony Buys Epic Stake Jul 10, 2020, 06:04
Jul 10, 2020, 06:04
 
Kxmode wrote on Jul 10, 2020, 02:46:
Dacron wrote on Jul 10, 2020, 02:33:
Kxmode wrote on Jul 10, 2020, 01:20:
Acleacius wrote on Jul 10, 2020, 00:13:
Beamer wrote on Jul 9, 2020, 22:37:
One of the VCs overseeing this actually reached out to me a month ago asking me if I wanted to buy in.

It was odd. I've never had anyone do that before. Part of me was thinking of course. Another part of me was thinking I don't have that kind of cash (he didn't mention the minimum, but I'd guess high), and 17B seems like Epic towards a peak
I'm a African Prince and have I got a deal for you's! Giggle

Are you Coming to America?

Not until you get COVID under control, it's safer in Africa.

Arsenio Hall did

I am sad you didn't get the reference.
Avatar 12670
8.
 
Re: Sony Buys Epic Stake
Jul 10, 2020, 02:46
Kxmode
 
8.
Re: Sony Buys Epic Stake Jul 10, 2020, 02:46
Jul 10, 2020, 02:46
 Kxmode
 
Dacron wrote on Jul 10, 2020, 02:33:
Kxmode wrote on Jul 10, 2020, 01:20:
Acleacius wrote on Jul 10, 2020, 00:13:
Beamer wrote on Jul 9, 2020, 22:37:
One of the VCs overseeing this actually reached out to me a month ago asking me if I wanted to buy in.

It was odd. I've never had anyone do that before. Part of me was thinking of course. Another part of me was thinking I don't have that kind of cash (he didn't mention the minimum, but I'd guess high), and 17B seems like Epic towards a peak
I'm a African Prince and have I got a deal for you's! Giggle

Are you Coming to America?

Not until you get COVID under control, it's safer in Africa.

I am sad you didn't get the reference.
"Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times." - Those Who Remain by G. Michael Hopf
Avatar 18786
7.
 
Re: Sony Buys Epic Stake
Jul 10, 2020, 02:33
7.
Re: Sony Buys Epic Stake Jul 10, 2020, 02:33
Jul 10, 2020, 02:33
 
Kxmode wrote on Jul 10, 2020, 01:20:
Acleacius wrote on Jul 10, 2020, 00:13:
Beamer wrote on Jul 9, 2020, 22:37:
One of the VCs overseeing this actually reached out to me a month ago asking me if I wanted to buy in.

It was odd. I've never had anyone do that before. Part of me was thinking of course. Another part of me was thinking I don't have that kind of cash (he didn't mention the minimum, but I'd guess high), and 17B seems like Epic towards a peak
I'm a African Prince and have I got a deal for you's! Giggle

Are you Coming to America?

Not until you get COVID under control, it's safer in Africa.
Currently setting a record for most edited posts, 1 reply at a time.
6.
 
Re: Sony Buys Epic Stake
Jul 10, 2020, 01:20
Kxmode
 
6.
Re: Sony Buys Epic Stake Jul 10, 2020, 01:20
Jul 10, 2020, 01:20
 Kxmode
 
Acleacius wrote on Jul 10, 2020, 00:13:
Beamer wrote on Jul 9, 2020, 22:37:
One of the VCs overseeing this actually reached out to me a month ago asking me if I wanted to buy in.

It was odd. I've never had anyone do that before. Part of me was thinking of course. Another part of me was thinking I don't have that kind of cash (he didn't mention the minimum, but I'd guess high), and 17B seems like Epic towards a peak
I'm a African Prince and have I got a deal for you's! Giggle

Are you Coming to America?
"Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times." - Those Who Remain by G. Michael Hopf
Avatar 18786
5.
 
Re: Sony Buys Epic Stake
Jul 10, 2020, 00:13
5.
Re: Sony Buys Epic Stake Jul 10, 2020, 00:13
Jul 10, 2020, 00:13
 
Beamer wrote on Jul 9, 2020, 22:37:
One of the VCs overseeing this actually reached out to me a month ago asking me if I wanted to buy in.

It was odd. I've never had anyone do that before. Part of me was thinking of course. Another part of me was thinking I don't have that kind of cash (he didn't mention the minimum, but I'd guess high), and 17B seems like Epic towards a peak
I'm a African Prince and have I got a deal for you's! Giggle
The worst criminal in human history, undeniably. There has never been a figure in political history, so dedicated to destroying the prospects of organized human life on the planet, in the near future.

Beating and Gassing Americans for Jesus!
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4.
 
Re: Sony Buys Epic Stake
Jul 9, 2020, 22:40
4.
Re: Sony Buys Epic Stake Jul 9, 2020, 22:40
Jul 9, 2020, 22:40
 
This explains why Sweeny's nose was so far up Sony's ass with all the PS5 praising recently.
"The only way anyone can live in peace is if they're prepared to forgive." - The Doctor
Avatar 17277
3.
 
Re: Sony Buys Epic Stake
Jul 9, 2020, 22:37
Beamer
 
3.
Re: Sony Buys Epic Stake Jul 9, 2020, 22:37
Jul 9, 2020, 22:37
 Beamer
 
One of the VCs overseeing this actually reached out to me a month ago asking me if I wanted to buy in.

It was odd. I've never had anyone do that before. Part of me was thinking of course. Another part of me was thinking I don't have that kind of cash (he didn't mention the minimum, but I'd guess high), and 17B seems like Epic towards a peak
2.
 
Re: Sony Buys Epic Stake
Jul 9, 2020, 20:11
2.
Re: Sony Buys Epic Stake Jul 9, 2020, 20:11
Jul 9, 2020, 20:11
 
You know what this means?!!1!
more free games Biggrin
The third rule of "Fight Club"—wear a mask.
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1.
 
Re: Sony Buys Epic Stake
Jul 9, 2020, 20:08
Darks
 
1.
Re: Sony Buys Epic Stake Jul 9, 2020, 20:08
Jul 9, 2020, 20:08
 Darks
 
Good luck being the Bastard Child Sony!
Creator of the Neverwnter Nights Eye of the Beholder Series of Mods.

http://www.moddb.com/mods/eye-of-the-beholder-ii-ledgend-of-darkmoon
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