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Epic Games, the creator of Fortnite, is now valued at $17.86 billion.
— Roundhill Investments (@roundhill) July 9, 2020
For reference, Take-Two Interactive, known for its Grand Theft Auto franchise, is currently worth $17.21 billion. https://t.co/j4xWHJ8E3h
Sony building relationships with Microsoft and Epic is interesting!
— Kyle Russell (@kylebrussell) July 9, 2020
hey remember when i said sony and epic probably had a marketing deal, hence why epic was hyping up the ps5?
— "Knowledge"Hub (@KnowledgeHubTy) July 9, 2020
turns out it was more than just a marketing dealhttps://t.co/21W7WJp8vl
Sony has invested $250 million for a minority stake in Fortnite maker Epic Games.
— Daniel Ahmad (@ZhugeEX) July 9, 2020
Sony and Epic will broaden their collaboration. This doesn't impact Epic being able to publish on other platforms. https://t.co/4n881IbiLn
“The deal is expected to close in precisely two weeks.” https://t.co/oJvo1Oc45H
— HydroxyCoreyQuinn (@QuinnyPig) July 9, 2020
Fortnite generated $400m in revenue on 3.2b hours of playtime in April per this article.
— Gavin Baker (@GavinSBaker) July 10, 2020
That is $0.125 per hour. Many AAA console/PC games monetize at over $.50 per hour.
Fortnite would be at least a $20b game if it monetized in-line with peers.https://t.co/qxURqNGeaa pic.twitter.com/ypdtVtLNrE
Well, this really puts into perspective the unusually close ties Sony has had with Epic for this upcoming generation. A minority stake in Epic is a pretty big investment. https://t.co/mzT39NYCAS
— Ryan Biniecki (@MysticRyan) July 9, 2020
Big moves by Epic Games.
— John Funtanilla ✌? (@ijohnf) July 9, 2020
“Just to put this into perspective.
When Tencent invested $330m in Epic Games back in 2012, that got them a 40% stake with Epic valued at ~$825m.
Sony's $250m investment today gives them a ~1.5% stake with Epic valued at ~$17bn.” https://t.co/lc7Rpv7MsI
Update: Sony is acquiring a 1.4% stake in Epic, which means the deal values Epic Games at $17.86 billion. https://t.co/lf4FJ7HuYL
— Emil Protalinski (@EPro) July 9, 2020
$250M for a 1.4% stake...? https://t.co/MS3ZN8OQKJ
— Darius Butler (@DariusJButler) July 10, 2020
I don't have an MBA so I don't understand this. Why does Epic need any outside investment at this point? Doesn't Fortnite make A LOT of money? Doesn't taking outside money invite outside influence that you don't want or need? These are all genuine questions. https://t.co/lOFt0T960V
— Holinka (@holinka) July 9, 2020