Sony told CNN Business Thursday that it will now have a 1.4% stake in Epic.
“Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations,” said Sony CEO Kenichiro Yoshida in a statement. “There’s no better example of this than the revolutionary entertainment experience, ‘Fortnite.'”
Yoshida said the collaboration would span beyond games and include “the rapidly evolving digital entertainment landscape.”
Tim Sweeney, founder and CEO of Epic Games, said in a statement that both companies share a vision of seeing 3D social experiences across gaming, film and music.
Epic Games declined to comment on its valuation.