![]() ![]() (Updates with additional context in the third paragraph. Details on the virtual experience remain sparse, but Epic and Lego emphasized it would be a “safe and positive space” for kids to play online. Last week, Epic said it’s making a “digital experience for kids of all ages” with Lego. “All three companies highly value both creators and players, and aim to create new social entertainment exploring the connection between digital and physical worlds,” according to the statement. Sony, which works with Epic on the PlayStation and already owned a stake in the company, and Kirkbi, the family-owned holdings company behind the Lego toy brand, each invested $1 billion in the deal. Just last week, Epic and Lego announced a partnership in developing a family-friendly metaverse for kids. The video game maker, among the five most valuable startups in the U.S., is currently waging a costly legal battle with Apple Inc. Under terms of the agreement, both Sony and KIRKBIthe family-owned holding and investment company behind The LEGO Groupeach invest 1 billion. The company’s valuation about a year ago was $28.7 billion. and the owner of the Lego Group invested $2 billion in Epic Games Inc., the maker of Fortnite.Įpic is valued at $31.5 billion after the investment, the Cary, North Carolina-based company said Monday in a statement. Each party invested 1 billion USD, with funding going toward Epic Games’ goal of creating spaces where people can gather with friends and build community. The game has quickly become a global phenomenon, to the point that some games are now followed live by millions of viewers.(Bloomberg) - Sony Group Corp. Sony Group Corporation, alongside KIRKBI, the company behind The LEGO Group, has invested 2 billion USD in Epic Games‘ metaverse expansion. With 350 million users worldwide, its Fortnite game is free to download, but generates billions in revenue with the purchase by players of additional items for their characters, including clothing. The North Carolina-based developer, known best for the hit game Fortnite, released a statement regarding the investment. Days after Lego and Epic Games announced their partnership to build a family-friendly metaverse, the toy company’s parent KIRKBI invested 1 billion into Epic for. Sony and KIRKBI have each invested 1B in Epic Games to advance the company’s vision to build the metaverse and support its continued growth. The investment brings Epic Games' valuation to $31.5 billion, the U.S. Lego and Sony Invest 2 Billion into Epic Games for Metaverse Epic Games is more than just Fortnite, and the video game company took a large step towards proving it this week. "All three companies highly value both creators and players, and aim to create new social entertainment exploring the connection between digital and physical worlds," they added. ![]() Sony, already a shareholder in Epic Games, and Kirkbi, Lego's parent firm, are each investing $1 billion, the firms said. The latest in the Russia-Ukraine conflict ![]() Epic Games to donate all Fortnite proceeds for 2 weeks to Ukraine relief (). ![]() The $2 billion (1.84 billion euros) in funding is aimed at advancing Epic's "vision to build the metaverse and support its continued growth," the three firms said in a joint statement. Sony and Kirkbi (Lego) Invest 2B in Epic Games (). A new announcement from Epic CEO Tim Sweeney revealed that the Lego Groups parent company, KIRKBI, and Sony are planning massive investments in the gaming giant. In the form of video games like Epic's hit Fortnite, the precursors of the metaverse already exist in a minimalist way, with people coming together not only to play, but also to interact and participate in events. Scores of tech firms have been rushing to invest in building the metaverse, a loose term covering the growing eco-system of interactive online worlds, games and 3D meeting places that are already attracting millions of users. gaming powerhouse Epic Games for its work toward joining the metaverse vision for the internet's future. (AFP) - Japanese giant Sony and Lego's Danish parent firm announced Monday a $2 billion investment in U.S. ![]()
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