Sony Corporation has invested $250M in Epic Games! But all indications are that the multinational media giant doesn't intend for that investment to relate solely to its gaming division.
So what does Sony's "Strategic Investment" really mean, and why does Fortnite feature so prominently in both companies' futures?
The only place to find a $250M mixer cover charge is...in Virtual Legality.
#Sony #Epic #Investment
Discussed in this episode:
"Epic Games Receives Strategic Investment from Sony Corporation"
Epic/Sony joint press release - July 9, 2020
"What is the definition of "strategic investment"?"
"Strategic Investment Examples"
Gaebler Resources for Entrepreneurs
"Quick thread on Sony and Epic deal..."
Tweet - July 9, 2020 - Daniel Ahmad (@ZhugeEX)
"Epic Games' Valuation Around $17B After $750M Funding Round"
Sports Business Daily - June 17, 2020
NC Business Entity Search
MD Business Entity Search
"Board Observer vs. Board Member"
VC Adventure - January 18, 2005
"Fortnite and Travis Scott in "The Metaverse": Fraction of the Future (VL211)"
YouTube Video - April 27, 2020 - Hoeg Law
"'Fortnite' virtual rap concert draws record 12.3M attendees"
Mobile Marketer - April 27, 2020
"List of assets owned by Sony"
"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).
CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:
DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.
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The Hoeg Law Firm is a business law firm with big law experience and a small firm approach focusing on start-ups, technology, financing, and everything else a business might need.