To say that Epic Games is a financial goldmine would be a massive understatement.
The game publisher/development studio powerhouse rose to prominence thanks to the Unreal Engine and Unreal Tournament, which paved the way for the company to become a money-making juggernaut due to Fortnite’s immense success. At the moment, Epic Games is valued at $28.7 billion. And judging by a recent round of funding, it looks like the established gaming operation will become even more profitable as time goes on. On April 13, Epic Games proudly announced via a blog post that it just got done completing a $1 billion round of funding. One of the largest investments came from Sony Group Corporation with $200 million – this latest batch of funding follows another investment from Sony that resulted in Epic netting $250 million in July of 2020, which was reported by PC Gamer.
“Epic continues to deliver revolutionary experiences through their array of cutting edge technologies that support creators in gaming and across the digital entertainment industry. We are excited to strengthen our collaboration to bring new entertainment experiences to people around the world. I strongly believe that this aligns with our purpose to fill the world with emotion, through the power of creativity and technology,” said Kenichiro Yoshida, Chairman, President and CEO, Sony Group Corporation. Some of the other companies that chose to invest in Epic Games’ further growth include BlackRock, Appaloosa, Baillie Gifford, Luxor Capital, etc.