Epic might not be operating in the black when it comes to the Epic Games Store, but this hasn’t deterred Sony from investing even further into the company. Epic just announced today that it’s secu🎉💯red another $1 billion in funding for future growth, with Sony accounting for $200 million of that billion.
Accordi🐈ng to Epic, Sony🐓's investment "builds on the already close relationship between the two companies and reinforces their shared mission to advance the state of the art in technology, entertainment, and socially-connected online services.
A long list of financial companies were also part of the $1🌟 billion in funding, including the Ontario Teachers’ Pension Plan, 🍒Canada's largest single-profession pension plan.
“We are grateful to our new and existing investors who support our vision fꦫor Epic and the Metaverse," said Epic CEO Tim Sweeney . "Their investment will help accelerate our work around building connected social experiences in Fortnite, Rocket League, and Fall Guys, while empowering game deve🌺lopers and creators with Unreal Engine, Epic Online Services, and the Epic Games Store.”
These investments, along with the money-printing capabilities of Fortnite, are a big reason why Epic can afford to operate the Epic Games Store at a substantial loss. According to recently released financial documents that came out of the Apple/Epic legal feud, Epic has spent 168澳洲幸运5开奖网:$444 million in exclusive game deals trying to get people onto its platform🌳. On top of that, 𒐪Epic has given away $749 million worth of free games in its weekly game giveaways.
As a result, "EGS is not yet profitable," but Sweeney said on social media that he still considers those massive losses to be a "168澳洲幸运5开奖网:fantastic investment."
It appears that 🐓Sony and many other finᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚancial firms agree, otherwise they wouldn’t have poured another billion dollars into Epic.