970°

Sony invests $250 million in Fortnite maker Epic Games

Sony has invested $250 million for a minority stake in Fortnite maker Epic Games, the companies announced today. With the new money, Epic Games has raised $1.83 billion to date. The companies said the deal cements an already close relationship between the two companies and reinforces the shared goal to advance the state of the art in technology, entertainment, and socially connected online services.

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venturebeat.com
1398d ago Replies(10)
Daniel21831398d ago

What games have epic released recently ? All I can think of is fortnite ?

moongrim1398d ago

Its the only one they need apparently.

Fantangoooo1398d ago

It does make a crap ton for them in revenue

SierraGuy1398d ago (Edited 1398d ago )

Rocket league?!!

That must be a cash cow 🐄.

Unspoken1397d ago

See that comment marked spam up above?

Censorship at its finest. Exclusively on N4G with superfast loading of down votes and flagging the truth. Echo chambers can't get any better than this.

Epic is laughing all the way to the bank with Sony's 💰. I don't want to say I told ya so...but...🙄

Man, Sony fans have to be in such a dillusioned state, I think they are going to need some hugs after this one.

Babadook71397d ago (Edited 1397d ago )

@above

What are you talking about? This partnership is beneficial for both companies. The cash helps Epic, and in turn Sony will make profit on their investment. Nothing wrong there. Furthermore Epic and Sony informed each other regarding next gen, for years. Thats a big win for both there too, and theres nothing wrong with any of that. Unless you're an xbox fan boy of course.

As for your comment marked spam. Many people are using the system to silence opposition. Which bites. I didn't see it but I only mark actual spam as spam.

darthv721397d ago

@dook... Epic is part owned by Tencent. If they need $$ they just get it from them. And MS also paid more than sony for the use of UE over the course of three console generations.

morganfell1397d ago

What MS did generations ago is immaterial. This isn't Unreal 3 its U5. As Janet said, what have you done for me lately.

+ Show (3) more repliesLast reply 1397d ago
CaptainCook1398d ago (Edited 1398d ago )

Good job Microsoft acquired Gears of War IP from Epic lol

StoneyYoshi1398d ago

Even if MS didn't, this investment doesn't give Sony any rights to control Epic or any of its properties.

Harryvok1398d ago (Edited 1398d ago )

It is a tired old franchise now. I'd be quite happy to never see another Gears game ever again.

Hakuoro1398d ago

Godfall is going to be on PS5.

dumahim1398d ago

And? That's published by Gearbox and developed by Counterplay.

borneFROMblood1398d ago

I bet it's mostly for Unreal Engine

rainslacker1398d ago (Edited 1398d ago )

It'd be for whatever Epic does. Sony has a stake in the company. They don't control the company though. They'll get dividends based on whatever Epic makes, which is usually a lot.

Sony isn't likely to want to change up whatever Epic is doing. Restricting Epic's marketplace just means it isn't making as much money, which means less of a return. Epic I guess wanted an infusion of cash, and Sony gave it to them.

People saying it's anything more don't understand what investment means, and are reading more into it than is really there.

morganfell1398d ago

Sony has Decima. And UE licenses are not that expensive

1398d ago
Father__Merrin1398d ago

any publisher that has fortnite really doesnt need any other game its a quality title and is free to play

BLAKHOODe1398d ago

Well, there is that Unreal Engine thing. I hear it's in a few games.

Kyizen1397d ago

It is one more game than Valve haha

1397d ago
+ Show (7) more repliesLast reply 1397d ago
lelo2play1398d ago

All that praise from Epic has a explanation now...

borneFROMblood1398d ago

*Invested* is not Paid
Sony still owns the money and they will get paid in huge back, they are making this bet anticipating the blowup with Unreal Engine 5.

throne1398d ago

logic doesn't apply to them, they see what they want to see

Atom6661398d ago

I mean...isn't it even more clear now that we learned it was a major investment? It's one thing if it was maybe 6 figures to do some cross promotion, but we're talking 1/4 billion Paid here.

StoneyYoshi1398d ago

@Atom666

It isn't considered a Major investment. Article states they invested in a minority stake. You know what "minority" means right?

MadLad1398d ago

@stoney

250 million is a large investment, even if it's into a billion dollar company.

StoneyYoshi1398d ago

@TheRealTedCruz
Yeah its a large amount of money but its still a minority investment in the company like the article says...
250 Mil invested into a 17 Billion dollar company is definitely not a major or large investment.

Atom6661398d ago (Edited 1398d ago )

@Yoshi

That made be chuckle. Isn't this investment larger than the check they wrote for all of Insomniac?

Name me the marketing deal that comes close to 250mil. That's the point. They invested a truckload of cash here, and it's mutually beneficial to promote UE5 on PS5.

There's no reason or way to spin it as "no big deal." It's a meaningful move for both, and explains a lot of things.

rainslacker1398d ago

Someone should explain what Epic gains from this besides $250 million dollars, and if they really believe that Sony felt that $250 million was what it would cost to get Epic saying nice things about them.

To me, if Sony's investment was contingent on having Sweeney say the PS5 was a good console, and talk up the SSD and other features of the PS5, that seems kind of like him selling out. One thing I've never considered Sweeney to be is a sell out.

Sometimes, the simplest answer is the real one....not some made up conspiracy or extrapolating extenuating circumstances to try and find an answer that doesn't exist. Epic has nothing to gain by talking up the PS5 now. It would tarnish their reputation, which has generally always been fairly neutral. Even when MS was funding Gears of War for them, they didn't hold back the PS3 tools for Unreal, nor were they prone to talking crap about it.

JackBNimble1397d ago

It's only a 1.4% investment, that's a tiny sliver of the pie.
$250mil may seem huge to the average person but these are multibillion dollar companies.

This doesn't give Sony any decision making power over UE5 and it's not going to stop MS or anyone else from using this engine.

+ Show (5) more repliesLast reply 1397d ago
Cmv381398d ago

Y'all are truly weird. So the ps5 isn't actually any good, epic is just lying because Sony invested in them 2 months after the praise..... yeah ok

UltimateRacer1397d ago

Exactly, it must mean that every other developer that’s praised the PS5 must secretly be working at or owned by Epic lol.

Fantangoooo1398d ago

Invested yes... do you really think after Tim Sweeney and Sony Ceo would toast pinacoladas under the sun, Tim wouldn’t throw in a free hype marketing for ps5?! Of course he would.. not saying the ps5 is bad in anyway but he kinda went hard on that. Probably the most vocal Tim I have ever heard Tim ever!

sushimama1398d ago (Edited 1398d ago )

It doesn't mean what they said is not true though.

throne1398d ago

it no use, the fanboys are in full droves in this thread, I guess what Tim said really cut them deep to conclude the guy is a shill. proof is in the pudding when the games come out

Atom6661398d ago

True. But it means what they DIDN'T SAY can be explained now.

UE5 will be utilized to great results on XSX and PC. We now know why they "chose" to really highlight only one platform.

Your efforts to defend Sony aren't necessary. There's nothing to defend...it's just business.

aconnellan1398d ago

You’re correct, I think what they said is still true.

Problem was a lot of people were saying the *reason* they came out and said those things, made the exclusive tech demo etc was out of the goodness of their hearts, while others suggested that money looked like it had changed hands.

This shows the latter - doesn’t mean what they said isn’t true, just implies they were incentivised to come out and say it

rainslacker1398d ago

So, Epic games promoted Sony, held off on talking about Xbox, all for the hope that Sony would invest $250 million in their company? Seems rather precarious to do such a thing unless the investment was contingent on that, and I can't imagine any $250 million dollar investment would rely on something so fickle.

+ Show (1) more replyLast reply 1398d ago
mark3214uk1398d ago

they must own all devs then as most have said good things about the ps5 ssd

MadLad1398d ago

Said good things, sure. But there are devs also saying good things about the new Xbox as well.
Epic is a giant name in the industry, and they chose to concentrate only on the PS5 - of which Sony invested a quarter of a billion dollars.

This is straight up marketing. Not a sincere developer simply commenting on a piece of tech.

Sweeney's comments were literally an ad for PS5, as far as I'm concerned.

rainslacker1398d ago

Yeah....that the PS5 is a really good console.

Pretty simple explanation.

You think Epic couldn't raise 250 million from any number of sources? They're worth billions. Sweeney has never been one to pander to companies just to raise money, and has never had a problem praising or criticizing. He even criticized MS when MS was making them money with Gears of War.

Kavorklestein1398d ago (Edited 1398d ago )

Of course epic could raise 250 million some other way. And they do, all the time. The question is, if 250 mil really is such a small amount like some fools say, then what could Sony really be helping them with by giving it to them? The fact is, it's NOT a small amount of money.
Destiny 2 and Halo Infinite had/have a 500 million + dollar budget. That's huge. 250 Million was paid for the kind praise for PS5 and maybe as a financial Vote of Confidence and Support for Epic's advances in technology. But more than anything, it was to get an Exclusive promotion from the Stunning and clearly industry Leading tech giant of Game engines to say good things about the PS5.

You say Sweeny has never been one to sell out or pander? Are you freaking kidding me? He is the PC KING of sell out practices and has done all kinds of deals back and forth on both sides of the PC digital marketplace with
Epic Game store exclusivity and Epic does all kind of deals with Fortnite all the time.

Get over your delusions.
It's really not some huge deal Sony did this, it's just business. What is pathetic tho, most of all, is people like you deflecting the obvious because it makes you feel better about PS5.
PS5 didn't need to go this route to be successful and dominate tho. It's a good system supported by a Company with a big and broad vision for gaming. And we reap the benefits of that vision all the time. Is should make you worry so much either way you look at it. And you are clearly worried about something. You and many others on this site...
Worried Enough that some, (like you) create denials and excuses.. Over something that isn't even really that big of a deal in the first place.
It's kind of bad form, trying to Make it seem like it could only be done on a PS5, and to take money to act like the PS5 is what made it possible instead of Epic's engine, but oh well.
Life goes on.
If MS did this people would talk about how MS is the poison of the games industry probably. But no, it's just business and all 3 of the big 3 do things like this.
Dollars go to and fro with big tech companies all the time. If you ask me, The secret from now on should be transparency so people can decide which ethics and practices to support instead and marketing programs to support or buy into instead of making it seem like a promotion wasn't part of the boost in Positive comments and hype.

tontontam01398d ago

All that downplaying of the ps5 ssd architecture by exclusive ms developers has the same explanation.

_dangerclose_1398d ago

Yeah they're really excited for PS5 and its architecture, it was self explanatory.

+ Show (5) more repliesLast reply 1397d ago
italiangamer1398d ago

Pffff look at the saltiness in the comments from the green camp hahahahha

Zodiac1398d ago (Edited 1398d ago )

Ewww, a console war gamer, gross 🤢

Ricegum1398d ago Show
Sunny_D1398d ago

Funny how they were quiet when it was confirmed Dirt 5 would run at 120 FPS on PS5 as well lmao.

aaronaton1397d ago

You shouldn't make derogatory statements about a marginalised community like that.

Saijahn1398d ago

No saltiness here. Them turning a profit will only help Sony crank out some better games in the end. Good for the Sony consumer 👍🏽

1398d ago Replies(3)
Show all comments (218)
250°

My Trust in Xbox is on Shaky Ground Right Now

The Outerhaven writes: With multiple gaming studios, including Tango Gameworks, closing, the editor-in-chief of The Outerhaven shares his thoughts on the matter.

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theouterhaven.net
rlow17h ago(Edited 7h ago)

Honestly I was looking back and at the launch of the Xbox 1. With Don Matrick at the helm I was disappointed but therevwas something else. That fighting spirit of Xbox at its inception was lost. They stopped innovating, I lost excitement on what the next big new surprise was, because their weren’t any. Not like Halo 2 and Gears launch. You couldn’t really brag about it anymore.
So here we are and corporate MS has ruined what was a beautiful renegade project.

shadowhaxor5h ago

For everything that Xbox did, I was hopeful it would turn stuff around. Game Pass was a start, and the release of its upcoming titles was a nice way to return. I mean, I'm not going to say it was perfect, just like I wouldn't say PlayStation is perfect. Neither company is, but when Xbox goes and does this, it makes zero sense. The message of Xbox's plan had already had me frustrated, but I was like, "Maybe they'll fix this mess."

Now... yeah. Not so confident anymore.

Aphrodia4h ago(Edited 4h ago)

That's how you know this is clickbait garbage. If you write about games for a living and didn't know Microsoft is a cancer on the industry until now than you are awful at your job.

XiNatsuDragnel7h ago

Xbox will destroy Activision too and Bethesda will be gone too lol

Chocoburger6h ago(Edited 6h ago)

"Right now"?
But not 11 years ago with the disastrous Xbox One reveal which they NEVER recovered from?
Man are you slow on the uptake.

shadowhaxor5h ago

No, Xbox never recovered, but Game Pass (which you're a fool if you deny the success of it), Xbox Cloud, the acquisitions, the reboot of Perfect Dark (which seems to be in the gutter now), the success of Forza Horizon, Sea of Thieves, and yes, Hi-Fi Rush (FFS).

Denying any sort of improvement only goes to show you don't pay any attention to the entire picture.

Crows904h ago

I think you missed the part where these things were spread years apart. Theres no consistency

ApocalypseShadow4h ago(Edited 3h ago)

Bullshit.

Perfect Dark IP was purchased along with many other games like Halo, Gears, etc. Perfect Dark needs help with Crystal Dynamics just to finish the game. That's pathetic. HiFi Rush was purchased and was probably already coming to PlayStation before the purchase.

If Game Pass was a success, these developers wouldn't be closing their doors. We told gamers it isn't profitable. It does make revenue. But revenue isn't profit. It hasn't changed Microsoft's position in the industry or increased hardware sales. If it did, they would be shouting from the rooftops like their arrogant asses always do.

Anyone can have a cloud service. And Sony's is more successful. It took buying major publishers just to increase their spreadsheet. But Xbox continues to fail even then. By having to place games on their competitors platform while still trying to compete. You don't see Nintendo putting their games on Xbox. And Sony was only forced because they don't own the MLB license. Which was forced behind the scenes by Microsoft to take away Sony's successful game and throw it on game pass to use it against gamers buying it on PlayStation. How is the acquisitions a success if they have to close companies they just bought and make many developers jobless? Are you serious? Unless you call it a success by taking away games from other platforms that made those developers more money. That's ridiculous.

Sea of Thieves took years to fix. How is that a success that you have an unfinished game for years that needs fixing? Games should be complete at launch. Just like Halo was an incomplete game that needed fixing. Forza Horizon is a good game but even that game hasn't improved Microsoft's standing at all.

Denying all that shows that you're not paying attention.

Chevalier3h ago

Success? They missed their own targets 3 years straight, stopped announcing numbers because they're so terrible and it's not profitable. Hence the closing 4 studios. There will be more consolidation too. Just watch the by the books garbage yearly releases too followed by more season passes and shorter games come out

Chocoburger2h ago

I have been paying attention for past 11 years. That's why I made my fully accurate above post.

You're the one who hasn't, thus you made that completely worthless post.

- I don't care about a rental service for mid-tier (or any tier) games.

- I don't care about streaming services, I play on actual hardware.

- What is Perfect Dark at this point? Its just a name trying to have an easy win with nostalgia. The original developers and talent has long been gone once MS bought Rare in 2001. ITS JUST A NAME, nothing more.

-Don't care about Forza Horizon.

- Don't care about Sea of Thieves.

- I am interested in Hi-Fi Rush, but MS killing off Tango has pissed me off, so I don't want to reward them for their B.S. and now its guaranteed that the hard working devs won't see any benefit from me supporting them.

MS has done squat over the past 11 years. Nothing but the embarrassing stink of failure. I know this because I have been paying attention.

StoneTitan1h ago

I never played hi-fi rush, even though I would have loved it from all I can see, but as it never came to playstation... Now it comes to playstation and I have no intention to buy it because they closed the developer and the money will only go to poor phil and his poor suits. Well I mean, what else is there to say.
Gamepass brought them into this position so you would be a fool to see it as a success lol

+ Show (2) more repliesLast reply 1h ago
Skuletor3h ago

Must be getting their news on Microsoft's Internet Explorer

notachance6h ago

I imagine smaller ABK studios like toys for bob and beenox are now feeling uncertain about their futures

LucasRuinedChildhood5h ago

Thankfully Toys for Bob managed to safely separate from Xbox and are independent now.

notachance5h ago

lol I don't know that, thanks for clarifying

TheColbertinator5h ago

Beenox has been in danger for years now with Activision. Microsoft may act more ruthlessly to them unfortunately.

Show all comments (26)
230°

Hi-fi Rush is too good a game to be shut down

It was announced today that Tango Gameworks, the studio behind Hi-Fi Rush, will be shut down, which casts doubt on the future of the game.

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videogamer.com
z2g15h ago

I’m sure the support and franchise will live on due to its success. They may even keep some ppl and roll them into other studios. There are layoffs across the map tho in the game/tech industries in general tho including Sony, Facebook and more. My personal family has been affected by them.

Lightning7714h ago

No excuses for MS. I guess Hi Fi didn't do as well as we all thought. So Much the for fun Little experiences that MS has been wanting games of all sizes. The thing is MS are so predictable this year they say "oh we want to prioritize bigger games." Next year they'll have more shut downs and say oh well these ballooning budgets of AAA blah, blah, blah. Even though a year prior they said they want more bigger games. When are gonna admit MS can't do or won't do gaming right? It's always waiting for this and that. String you along while destroying ppls jobs. Year in and year out.

Cacabunga11h ago(Edited 11h ago)

MS’ aren’t gamers they are businessmen.. they prefer a terrible game that sells and makes money to a great game with potential and can be used to grow a wider fanbase.. a bunch of crooks 🤮

TwoPicklesGood7h ago

Uhh Sony has laid more % of people off than MS…

notachance7h ago

this MS employee goes around every posts about MS studio closure and made deflecting comments in all of them lmao

Kaii14h ago

Yet MS made a company-wide profit of $22 billion.
In my eyes releasing this on gamepass was a double edged sword approach, received extremely well, but didn't hit w.e batshit insane sales target MS had In mind

jznrpg8h ago(Edited 8h ago)

Nothing will sell well when they have trained their fanbase to rely on GamePass. (There could be a unicorn every decade or something like that) The price has to go up a lot or more than likely they close a lot of studios to get upkeep way down and have few studios handle all of the IP and still raise gamepass price just not as much as necessary to keep those doors open for all of the devs that created the IPs MS now owns.

Plague-Doctor275h ago(Edited 5h ago)

The problem is it did seem to hit their targets

https://x.com/aarongreenber...

XiNatsuDragnel14h ago(Edited 14h ago)

Hifi is good but Microsoft dislikes risk I guess.

purple10113h ago

have all the people saying m$ buying all those companies, been proved correct yet,

they said more games, more choice, but ended up
less choice, less games, in reality... we were right

Crows908h ago

It sucks to be right sometimes. Love tango works games with evil within. Also huge fan of prey...if redfall had been a single player story driven title I bet your ass they could've done wonders with freaking vampires.

Asplundh10h ago

They developed the highest rated game Xbox has had as a exclusive in years and they shut them down? Doesn't make much sense.

jznrpg8h ago

Makes sense to me. They still have the IP the studios mean nothing to MS

EazyC58m ago

That just shows how backwards their philosophy is. Studios are the ones creating the magic, you can't just chop and change them on a dime.

TwoPicklesGood7h ago(Edited 7h ago)

It does when it was a nice Indy time that didn’t make money. Unlike you, they think as a business and if the studio made enough money it would have been safe. One of the biggest companies in the world knows not then you, me, or any other random no matter what you abt to believe.

Asplundh5h ago

"Unlike you, they think as a busines"

Yeah a very poorly ran business, the brand has been going down the toilet for over a decade. With all the dumb decision making, it's not suprising why they're going 3rd party.

Plague-Doctor275h ago(Edited 5h ago)

You can't give your games away for free and then shut down studios when they don't sell. Extremely idiotic thinking

purple10130m ago(Edited 29m ago)

Funny we buy art though, we don’t buy money.

So they should start “thinking” more like creators of art l, rather than creators of money, and as a side bonus, guess what, they might get more money

I get what your saying though, even any scraped some projects recently

Yui_Suzumiya5h ago

I'm pissed about this. I loved Tango Gameworks.

Show all comments (31)
320°

Arkane Studios Devs React To Arkane Austin Shutdown, Call It "Absolutely Terrible"

Developers at Arkane Studios are reacting to the announcement of the shutdown of Arkane Austin, calling it "absolutely terrible".

Read Full Story >>
twistedvoxel.com
XiNatsuDragnel15h ago

Of course it is this is why big companies gobbling other companies is bad.

Cacabunga12h ago

yes and this is what happens when you sign pact with the devil himself..

crazyCoconuts8h ago

There are textbook scenarios where it's good...
Microsoft is definitely not one of those scenarios

RhinoGamer8813h ago

I get it, but frankly, AA failed pretty badly on Redfall. The XBOX production team is also to blame (they are safe as usual) for releasing a game this hyped in a sorry state. There are lots of fail points on Redfall, but only Arkane bears the pain.

MrBaskerville13h ago

They were set up to fail by Zenimax and had been for a while. They should have done Prey 2, but instead were forced to do mp games.

-Foxtrot12h ago

Apparently even with Prey they wanted to name it something else, they didn't want to use the Prey name because it had nothing to do with it.

That alone put a lot of people off playing it out of support for the original.

MrBaskerville12h ago

@Foxtrot
Yeah, it was a mess, that whole business. Could probably also have done a killer Dishonored 3 if given the chance, right after Prey, when they had a top tier team.

darthv7211h ago

the game (at launch) certainly wasnt all that. the performance update later on made it better but Im glad I got the special edition controllers when I did. Those are nice.

crazyCoconuts8h ago

True. We don't know exactly who to blame for what, but end of the day you're not getting paid to put out crappy games.
I hope at least they kept the good people and moved them into other divisions

PapaBop13h ago

"Welcome to the Xbox family, graveyard is out back, what should we put on your epitaph?" Microsoft turning into this generation's EA, spend all those billions on Activision while closing studios they've run into the ground.

TheColbertinator2h ago

lmao forgot about that meme. Still pissed at EA for shutting down Westwood, Pandemic, Origin and Maxis. I will never forgive them for that.

Hofstaderman13h ago

Papa Satya wants his ROI. No free lunch.

rlow112h ago

Why I’m really disappointed in Xbox and MS at large. At the same time let’s not pretend that somehow this isn’t an industry issue. Theirs a graveyard behind every major publisher. The only company I haven’t seen canning people is Nintendo and let’s hope that trend continues.

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