Sony Invests Another $1B in Epic

Hello Sharks. I'm Tim Sweeney, and I'm asking for two billion dollars for 6.3% of my company, Epic Games. Okay, it wasn't a Shark Tank pitch, but the Epic Games Blog reveals an additional one billion dollar investment in Epic Games by Sony. This follows Sony's $200 million investment a year ago. The news is revealed along with more on the recently announced investment by The LEGO Group. Word is: "The closing of the investment is subject to customary closing conditions, including regulatory approvals." Presuming that's just a formality, each company kicked in a billion dollars at a valuation of $31.5 billion. Hence LEGO and Sony's new investments are about 6.34% of the company. Here's word:
Today Epic Games announced a $2 billion round of funding to advance the companyโ€™s vision to build the metaverse and support its continued growth.

This round includes investments from existing investor Sony Group Corporation as well as KIRKBI, the family-owned holding and investment company behind The LEGO Group, with each party investing $1 billion respectively. All three companies highly value both creators and players, and aim to create new social entertainment exploring the connection between digital and physical worlds. Epic continues to have only a single class of common stock outstanding and remains controlled by its CEO and founder, Tim Sweeney.
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25.
 
Re: Sony Invests Another $1B in Epic
Apr 13, 2022, 04:39
25.
Re: Sony Invests Another $1B in Epic Apr 13, 2022, 04:39
Apr 13, 2022, 04:39
 
Kxmode wrote on Apr 12, 2022, 23:58:
Steele Johnson wrote on Apr 12, 2022, 11:37:
I have a couple friends that are into it and they say that they can only tolerate it for 30 minutes or so because there's some cross-bleed from vr to reality (i.e. their brain thinks they're still wearing the headset when they're not)
In the movie Lawnmower Man, the central character gained phenomenal cosmic powers due to VR overexposure.

So, uh, what happened when he watched VR pr0n?
If Russia stops fighting, the war ends. If Ukraine stops fighting, Ukraine ends. Slava Ukraini!
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24.
 
Re: Sony Invests Another $1B in Epic
Apr 12, 2022, 23:58
Kxmode
 
24.
Re: Sony Invests Another $1B in Epic Apr 12, 2022, 23:58
Apr 12, 2022, 23:58
 Kxmode
 
Steele Johnson wrote on Apr 12, 2022, 11:37:
I have a couple friends that are into it and they say that they can only tolerate it for 30 minutes or so because there's some cross-bleed from vr to reality (i.e. their brain thinks they're still wearing the headset when they're not)
In the movie Lawnmower Man, the central character gained phenomenal cosmic powers due to VR overexposure.
"...and now with sports. The Cointen Spinky Whompers flumped the Floing Boing Welfencloppers, 70-fluff to 40-flabe. At the tone, the time will be 26 railroad."
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23.
 
Re: Sony Invests Another $1B in Epic
Apr 12, 2022, 22:37
Kxmode
 
23.
Re: Sony Invests Another $1B in Epic Apr 12, 2022, 22:37
Apr 12, 2022, 22:37
 Kxmode
 
jdreyer wrote on Apr 12, 2022, 19:42:
Kxmode wrote on Apr 12, 2022, 14:54:
Steele Johnson wrote on Apr 12, 2022, 11:37:
I've hurt myself more than a few times playing VR games, especially HL Alyx. Now I'm just content with watching VR movies like this one.

Is that static, or procedurally generated?

Static. Itโ€™s a thrill for the senses each time I watch, even if I know each scene.
"...and now with sports. The Cointen Spinky Whompers flumped the Floing Boing Welfencloppers, 70-fluff to 40-flabe. At the tone, the time will be 26 railroad."
Avatar 18786
22.
 
Re: Sony Invests Another $1B in Epic
Apr 12, 2022, 19:42
22.
Re: Sony Invests Another $1B in Epic Apr 12, 2022, 19:42
Apr 12, 2022, 19:42
 
Kxmode wrote on Apr 12, 2022, 14:54:
Steele Johnson wrote on Apr 12, 2022, 11:37:
With all this hype about the metaverse, one has to wonder if it will change people's opinion about wearing a headset. The only reason I haven't gotten into vr gaming is because I don't want to wear that shit. I like to know what's going on around me most of the time haha! No only that, but I have a couple friends that are into it and they say that they can only tolerate it for 30 minutes or so because there's some cross-bleed from vr to reality (i.e. their brain thinks they're still wearing the headset when they're not) ๐Ÿ˜†
I've hurt myself more than a few times playing VR games, especially HL Alyx. Now I'm just content with watching VR movies like this one.

Is that static, or procedurally generated?
If Russia stops fighting, the war ends. If Ukraine stops fighting, Ukraine ends. Slava Ukraini!
Avatar 22024
21.
 
Re: Sony Invests Another $1B in Epic
Apr 12, 2022, 16:56
21.
Re: Sony Invests Another $1B in Epic Apr 12, 2022, 16:56
Apr 12, 2022, 16:56
 
Steele Johnson wrote on Apr 12, 2022, 11:37:
... ...
... I like to know what's going on around me most of the time haha! No only that, but I have a couple friends that are into it and they say that they can only tolerate it for 30 minutes or so because there's some cross-bleed from vr to reality (i.e. their brain thinks they're still wearing the headset when they're not) ๐Ÿ˜†
Well, the farther I can get from this shitty world the better.
Tolerate 30 minutes, cross-bleed, what, are they weak minded ?
I can play hours at a time (with PC Link), just pause for a 20 minutes recharge, and never had a problem at all ... ah, give a minute please ...
*What's that Alyx ?, yeah, some funny post I'm reading, ha, how crazy is that ?*
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20.
 
Re: Sony Invests Another $1B in Epic
Apr 12, 2022, 14:54
Kxmode
 
20.
Re: Sony Invests Another $1B in Epic Apr 12, 2022, 14:54
Apr 12, 2022, 14:54
 Kxmode
 
Steele Johnson wrote on Apr 12, 2022, 11:37:
With all this hype about the metaverse, one has to wonder if it will change people's opinion about wearing a headset. The only reason I haven't gotten into vr gaming is because I don't want to wear that shit. I like to know what's going on around me most of the time haha! No only that, but I have a couple friends that are into it and they say that they can only tolerate it for 30 minutes or so because there's some cross-bleed from vr to reality (i.e. their brain thinks they're still wearing the headset when they're not) ๐Ÿ˜†
I've hurt myself more than a few times playing VR games, especially HL Alyx. Now I'm just content with watching VR movies like this one.
"...and now with sports. The Cointen Spinky Whompers flumped the Floing Boing Welfencloppers, 70-fluff to 40-flabe. At the tone, the time will be 26 railroad."
Avatar 18786
19.
 
Re: Sony Invests Another $1B in Epic
Apr 12, 2022, 11:37
19.
Re: Sony Invests Another $1B in Epic Apr 12, 2022, 11:37
Apr 12, 2022, 11:37
 
With all this hype about the metaverse, one has to wonder if it will change people's opinion about wearing a headset. The only reason I haven't gotten into vr gaming is because I don't want to wear that shit. I like to know what's going on around me most of the time haha! No only that, but I have a couple friends that are into it and they say that they can only tolerate it for 30 minutes or so because there's some cross-bleed from vr to reality (i.e. their brain thinks they're still wearing the headset when they're not) ๐Ÿ˜†
Avatar 12787
18.
 
Re: Sony Invests Another $1B in Epic
Apr 11, 2022, 19:50
18.
Re: Sony Invests Another $1B in Epic Apr 11, 2022, 19:50
Apr 11, 2022, 19:50
 
Yea!! More weekly free games for the "poor" PC gamer like me...
โ€œI am not a Mac user unless under duress.โ€ - John Carmack
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17.
 
Re: Sony Invests Another $1B in Epic
Apr 11, 2022, 18:49
17.
Re: Sony Invests Another $1B in Epic Apr 11, 2022, 18:49
Apr 11, 2022, 18:49
 
This is the third time Sony has invested money in Epic.

In 2020 it was $250 million
https://www.bluesnews.com/s/212885/sony-buys-epic-stake

2021 $200 million more.
https://www.bluesnews.com/s/221114/epic-raises-usd-1b

Sony is making wise investments for the future.
"I expect death to be nothingness and by removing from me all possible fears of death, I am thankful to atheism." Isaac Asimov
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16.
 
Re: Sony Invests Another $1B in Epic
Apr 11, 2022, 17:36
16.
Re: Sony Invests Another $1B in Epic Apr 11, 2022, 17:36
Apr 11, 2022, 17:36
 
Verno wrote on Apr 11, 2022, 14:05:
Darks wrote on Apr 11, 2022, 11:55:
Sony continues to show their ignorance and why they are no longer a relevant company.

They make some of the highest selling game franchises for a perpetually sold out console, the successor to one of the highest selling consoles of all time. They're investing in a company that underpins the entire gaming industry. Regardless of what you think of Epic's little store or whatever, seems like Sony is doing OK.
Epic too, for that matter.
If Russia stops fighting, the war ends. If Ukraine stops fighting, Ukraine ends. Slava Ukraini!
Avatar 22024
15.
 
Re: Sony Invests Another $1B in Epic
Apr 11, 2022, 17:31
Kxmode
 
15.
Re: Sony Invests Another $1B in Epic Apr 11, 2022, 17:31
Apr 11, 2022, 17:31
 Kxmode
 
In case the why isn't clear, Sony is doing this to "deepen our relationship in the metaverse field" using Unreal Engine 5. The previous $250 million was likely to help Epic combat Apple. I suspect Sony wants first dibs at some Metaverse feature, perhaps for first-party titles, or they want Epic to develop an exclusive metaverse feature for them. At a billion bucks, Epic is only happy to grant them their wish.
"...and now with sports. The Cointen Spinky Whompers flumped the Floing Boing Welfencloppers, 70-fluff to 40-flabe. At the tone, the time will be 26 railroad."
Avatar 18786
14.
 
Re: Sony Invests Another $1B in Epic
Apr 11, 2022, 17:01
14.
Re: Sony Invests Another $1B in Epic Apr 11, 2022, 17:01
Apr 11, 2022, 17:01
 
Beamer wrote on Apr 11, 2022, 14:33:
BIGtrouble77 wrote on Apr 11, 2022, 14:26:
I don't really understand this investment unless Epic is going for some "meta verse" play in the future that Sony wants a piece of. This whole thing screams NFT too.

No one is nearly as close to a metaverse as Epic. They have had an extremely wide range of brands within Fortnite. Add LEGO, who is kind of an offline metaverse, and now their access to brands is almost stupidly wide.

Now, does that mean anything? Who knows. What do they do with them? Skins and items in Fortnite. But they're still far ahead of anyone else when it comes to letting people play with a whole lot of different brands in one online ecosystem.

I think it's uninteresting. I'm sure many here think it's uninteresting. I don't see an easy use case beyond skins, and frankly, as we see from streaming services, no one wants to play nicely and cooperate so I don't see anything significant happening without massive media consolidation (which, well, is happening), and I don't see any even theoretical use case appealing to me, personally. But, at the moment, Fortnite is the closest thing to a metaverse.
I suspect we will eventually see some sort of Roblox-like Fortnite/Lego crossover game where players can create and upload their creations for other users to play with. Alongside that, a healthy digital marketplace for Lego blocks or Lego items or just skins, would be available. I think Lego is envious of what Roblox has achieved, and figure if youth are playing Fortnite that's the best place to put their future product.
It'll probably make tons of money too.
13.
 
Re: Sony Invests Another $1B in Epic
Apr 11, 2022, 16:25
13.
Re: Sony Invests Another $1B in Epic Apr 11, 2022, 16:25
Apr 11, 2022, 16:25
 
WTF does Sweeney need $2B for? Investors should ask that question and demand a list of expenditures on which he has built this estimate--or did he pull it out of the air? Did I read somewhere that Chinese Tencent owns ~40% of Epic? I'll be honest and say I haven't the foggiest notion of what he envisions doing--last thing on Earth anyone needs--especially investors--is more "Metaverse" PR drivel. That tells me absolutely nothing of value. So Sweeney keeps 51% of the common stock and the rest is divvied up among the investors, I guess.

Sony is trying to catch up with Microsoft's purchase of Activision, so that's where this Sony money is coming from--that's understandable. So what do Sony and these other investors hope Epic can do for them, I wonder? Seems a really solid question from where I am sitting. I don't see anything in his descriptions that might make me think such huge investments would be required. "New social entertainment exploring the connection between digital and physical worlds," seems about as vague and imprecise as imaginable. Not much there to sink billions of dollars into.

Is Sweeney talking about a "Lego Blocks โ„ข world" with "real people disguised as clever and witty virtual Lego Blocs โ„ข"? Beats me...;)
It is well known that I cannot err--and so, if you should happen across an error in anything I have written you can be absolutely sure that *I* did not write it!...;)
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12.
 
Re: Sony Invests Another $1B in Epic
Apr 11, 2022, 14:33
12.
Re: Sony Invests Another $1B in Epic Apr 11, 2022, 14:33
Apr 11, 2022, 14:33
 
BIGtrouble77 wrote on Apr 11, 2022, 14:26:
I don't really understand this investment unless Epic is going for some "meta verse" play in the future that Sony wants a piece of. This whole thing screams NFT too.

No one is nearly as close to a metaverse as Epic. They have had an extremely wide range of brands within Fortnite. Add LEGO, who is kind of an offline metaverse, and now their access to brands is almost stupidly wide.

Now, does that mean anything? Who knows. What do they do with them? Skins and items in Fortnite. But they're still far ahead of anyone else when it comes to letting people play with a whole lot of different brands in one online ecosystem.

I think it's uninteresting. I'm sure many here think it's uninteresting. I don't see an easy use case beyond skins, and frankly, as we see from streaming services, no one wants to play nicely and cooperate so I don't see anything significant happening without massive media consolidation (which, well, is happening), and I don't see any even theoretical use case appealing to me, personally. But, at the moment, Fortnite is the closest thing to a metaverse.
11.
 
Re: Sony Invests Another $1B in Epic
Apr 11, 2022, 14:26
11.
Re: Sony Invests Another $1B in Epic Apr 11, 2022, 14:26
Apr 11, 2022, 14:26
 
I don't really understand this investment unless Epic is going for some "meta verse" play in the future that Sony wants a piece of. This whole thing screams NFT too.
Avatar 20018
10.
 
Re: Sony Invests Another $1B in Epic
Apr 11, 2022, 14:05
Verno
 
10.
Re: Sony Invests Another $1B in Epic Apr 11, 2022, 14:05
Apr 11, 2022, 14:05
 Verno
 
Darks wrote on Apr 11, 2022, 11:55:
Sony continues to show their ignorance and why they are no longer a relevant company.

They make some of the highest selling game franchises for a perpetually sold out console, the successor to one of the highest selling consoles of all time. They're investing in a company that underpins the entire gaming industry. Regardless of what you think of Epic's little store or whatever, seems like Sony is doing OK.
Playing: Baldur's Gate 3, Lufia & The Fortress of Doom, Diablo IV
Watching: Detroiters, The Bear, Foundation
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9.
 
Re: Sony Invests Another $1B in Epic
Apr 11, 2022, 13:26
9.
Re: Sony Invests Another $1B in Epic Apr 11, 2022, 13:26
Apr 11, 2022, 13:26
 
Darks wrote on Apr 11, 2022, 11:55:
Sony continues to show their ignorance and why they are no longer a relevant company.

Last I checked PS5's were still sold out everywhere. There may be a few hundred million people that disagree with you.
8.
 
Re: Sony Invests Another $1B in Epic
Apr 11, 2022, 13:04
8.
Re: Sony Invests Another $1B in Epic Apr 11, 2022, 13:04
Apr 11, 2022, 13:04
 
Riahderymnmaddog wrote on Apr 11, 2022, 13:02:
The Half Elf wrote on Apr 11, 2022, 12:33:
Long term I think it's a very smart investment by Sony.
The Matrix Demo for PS5 was a massive tech demo showcasing the power of the PS5 and Unreal engine. Same thing was done back in the day for the Unreal engine and PC (back when it use to be Unreal vs Quake engine).

Dude you can get that demo for Unreal 5. It's like a 100 gig install and is pretty fucking sic. Even sicker that you can modify it to your own use and change it up.
There is a very cool "Superman" mod for it.
Avatar 12670
7.
 
Re: Sony Invests Another $1B in Epic
Apr 11, 2022, 13:02
7.
Re: Sony Invests Another $1B in Epic Apr 11, 2022, 13:02
Apr 11, 2022, 13:02
 
The Half Elf wrote on Apr 11, 2022, 12:33:
Long term I think it's a very smart investment by Sony.
The Matrix Demo for PS5 was a massive tech demo showcasing the power of the PS5 and Unreal engine. Same thing was done back in the day for the Unreal engine and PC (back when it use to be Unreal vs Quake engine).

Dude you can get that demo for Unreal 5. It's like a 100 gig install and is pretty fucking sic. Even sicker that you can modify it to your own use and change it up.
Avatar 15164
6.
 
Re: Sony Invests Another $1B in Epic
Apr 11, 2022, 12:54
6.
Re: Sony Invests Another $1B in Epic Apr 11, 2022, 12:54
Apr 11, 2022, 12:54
 
Darks wrote on Apr 11, 2022, 11:55:
Sony continues to show their ignorance and why they are no longer a relevant company.

Yeah. Either the company with the best selling console and numerous of the best selling and highest rated games is ignorant and not relevant, or the middle aged men that think gaming peaked in the 1990s are.

A coin flip of which it is, really.
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