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Sony Just Invested $250 Million in Epic Games, Here’s What it Could Mean for VR and Beyond

Road to VR

Sony Corporation announced today that it will invest $250 million in Epic Games, the company well known for its hit game Fortnite and the Unreal Engine game engine that powers it. It’s the “convergence of gaming, film, and music” part which speaks to where the long-term synergies between Sony and Epic lie.

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‘Astro Bot’ Wins The Game Awards’ Best VR/AR Game of 2018

Road to VR

Astro Bot Rescue Mission (2018) , the VR platformer that’s still wowing PSVR users well after its October 2nd launch, took home the title of ‘Best VR/AR Game’ at last night’s Game Awards. SEE ALSO 'ASTRO BOT' Behind-the-scenes – Insights & Artwork from Sony's JAPAN Studio.

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The XR Week Peek (2020.07.13): Sony invests in Epic, Rockstar is working on an AAA VR game, and more!

The Ghost Howls

Sony invests $250M in Epic Games. Sony has announced that it has made a big investment of $250M in Epic Games through one of its subsidiaries. The investment gives Sony a minority stake in Epic that now is evaluated at more than $17B. And Sony for sure wants to have a stake in the metaverse. Top news of the week.

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Sony Experimenting with Advanced Livestreaming Features for PSVR, Mixed Reality Views

Road to VR

Speaking during a session at GDC 2018 last month, Richard Forester, Senior Team Lead at Sony’s Research & Development West group, chronicled a range of explorations in advanced livestreaming and sharing features for PSVR. Image courtesy Sony. Image courtesy Sony.

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Jim Ryan Appointed President & CEO of Sony Interactive Entertainment

Road to VR

Sony has officially announced that John Kodera has stepped down as president and CEO of Sony Interactive Entertainment (SIE), making way for previous SIE deputy president Jim Ryan to take the position. Like Kodera before him, Ryan will report directly to Kenichiro Yoshida, president and CEO of Sony Corporation.

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Sony: PS4 Enters “final phase of life cycle,” Next PlayStation to Come in 3 Years

Road to VR

Sony’s PlayStation 4 is entering its ‘final phase’, according to a recent tweet by Wall Street Journal reporter Takashi Mochizuki, citing a talk with PlayStation Chief Tsuyoshi Kodera. Kodera says PSVR sales are growing, although it’s admittedly under Sony’s expectations.

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Sony Acquires Insomniac Games, Delivering a Strategic Blow to Oculus Studios in the Process

Road to VR

Sony Interactive Entertainment announced Monday that the company is acquiring Insomniac Games, a storied game studio and one of the most experienced in VR development anywhere in the world. In that sense, this was a pretty good move for Sony on the VR front. Image courtesy Insomniac Games. SEE ALSO Xbox Game Studios Has (inadvertently?)

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