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Sony invests $250 million in ‘Fortnite’ maker Epic Games

sony invests $250 million in ‘fortnite’ maker epic games

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Character actors from the Epic Games Fortnite video game dance during the E3 Electronic Entertainment Expo in Los Angeles, on June 12, 2019.Kyle Grillot | Bloomberg | Getty ImagesSony has invested $250 million in Epic Games, the company behind the popular battle-royale video game “Fortnite.”The PlayStation console maker will take a minority stake in Epic, the two companies said Thursday, in a strategic investment deal that expands on an existing relationship between both firms.Other than being known for creating hit titles like “Fortnite” and the “Gears of War” franchise, Epic is seen as a major player in the video games industry thanks to its Unreal game-engine software that powers many of the world’s top games. The company also runs an online video games store that competes with Steam.”Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations,” Sony CEO Kenichiro Yoshida said in a statement Thursday. “There’s no better example of this than the revolutionary entertainment experience, Fortnite.””Through our investment, we will explore opportunities for further collaboration with Epic to delight and bring value to consumers and the industry at large, not only in games, but also …

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Dallas’ Envy Gaming names film and digital media veteran Adam Rymer CEO

dallas’ envy gaming names film and digital media veteran adam rymer ceo

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The leading esports organization in Texas is switching up its C-suite roster this week with the addition of digital media industry veteran Adam Rymer as its new CEO.Rymer, 44, is joining Envy from leadership roles at Legendary Entertainment, where he served as president, overseeing operations of Legendary Digital Networks and Chris Hardwick’s The Nerdist as well as at Universal Pictures. He’ll begin the chief executive role July 13 and oversee all business operations at Envy.Founder and current CEO Mike Rufail — known online by the moniker Hastr0 — will move into the newly created full-time position of chief gaming officer, according to Envy. Rufail has been in the esports industry for 15 years and will focus his efforts at Envy on scouting, recruiting and overseeing team operations and players.“I’m really looking forward to working with Mike, the guy’s got such an amazing history in the space,” Rymer said. “This is definitely a situation of me coming in to really help continue its growth.” Digital media veteran Adam Rymer will take over the CEO role at Dallas-based Envy Gaming effective July 13.(Envy Gaming)Rufail will retain his position on the company’s board, which is chaired by Dallas oil …

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Governor Cuomo Announces Opening of Gaming Area Improvements at Jones Beach State Park

governor cuomo announces opening of gaming area improvements at jones beach state park

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Governor Andrew M. Cuomo today announced the completion of $6.6 million in improvements to Jones Beach State Park. At the park’s West Games Area, the renovation features a new mini-golf course, refurbished and new court games, new benches, tables, fencing and lighting, and additional site improvements. This work is part of the Governor’s NY Parks 2020 Plan, and also includes $1.9 million in federal Land and Water Conservation Funding. New and improved gaming areas include new cornhole and pickleball courts as well as refurbished courts for shuffleboard and paddle tennis. “Jones Beach is more than just a park, it is a living testament to New York ingenuity and a historic public attraction that has brought joy to New York families for generations,” Governor Cuomo said. “These new and improved gaming areas will give families a chance to relax and have fun even during these unprecedented times, and we will continue our work to make Jones Beach an exciting destination for every New Yorker.” The Parks 2020 initiative has resulted in landscape and horticulture improvements at the West Bathhouse and East Games Area at The Central Mall to renew lawns and planting beds, plant new shrubs, ornamental grasses and seasonal access plants, and install new …

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Sony buys $250 million stake in Fortnite creator Epic Games

sony buys $250 million stake in fortnite creator epic games

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Sony has made a $250 million investment in Epic Games, the two companies announced on Thursday. The deal gives Sony a minority interest in the game development studio and publisher last estimated to be valued as high as $17 billion.
The investment lets the two companies “broaden their collaboration across Sony’s leading portfolio of entertainment assets and technology, and Epic’s social entertainment platform and digital ecosystem to create unique experiences for consumers and creators,” according to a press release.

There’s also a line in the press release that suggests Sony and Epic may want to create more Fortnite-like virtual multimedia experiences, like the hugely popular in-game Travis Scott concert tour: “we share a vision of real-time 3D social experiences leading to a convergence of gaming, film, and music,” reads part of a quote from Epic CEO and founder Tim Sweeney. For instance, Sony has subsidiaries like Sony Pictures and Sony Music that it might want to tie closer to its PlayStation division’s games using Epic’s know-how.
The deal doesn’t mean Epic titles will now be exclusive to Sony consoles — the studio will still be able to publish games on other platforms, Epic confirmed to VentureBeat.
Sony …

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Interactive gaming experiences, more dining options set to reopen at Patriot Place

interactive gaming experiences, more dining options set to reopen at patriot place

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Patriot Place in Foxborough on Thursday announced the opening of a host of entertainment venues and shops as Massachusetts progresses into phase 3 of its coronavirus reopening strategy.The Artists Studio & Gallery opened Wednesday. Helix eSports and Muse Paintbar are both scheduled to open Thursday. Helix eSports will open at noon, as will its restaurant Bytes. The state-of-the-art gaming venue will be open until 10 p.m. daily.More stores at Patriot Place will reopen this weekend beginning with Bath & Body Works on Friday followed by 5 Wits, a story-driven escape room, opening on Saturday. 5 Wits is accepting reservations. Victoria’s Secret plans to open on Monday.Splitsville Luxury Lanes, Howl at the Moon, TopGolf Swing Suite and Showcase Cinema de Lux Patriot Place are all expected to reopen later this month.The venues that opened this week join a host of spots that had already opened, including Pure Barre, a gym offering outdoor and live-streamed classes, and Bed Bath & Beyond. Five Guys Burgers and Fries also reopened.European Wax Center is now accepting appointments as is Ulta Beauty, which also is open for in-store shopping.“We are thrilled to continue to welcome guests back to our entertainment, restaurant and retails venues as …

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Riot Games CTO Mike Seavers Joins AppOnboard as CEO to Radically Simplify Game Development

riot games cto mike seavers joins apponboard as ceo to radically simplify game development

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LOS ANGELES, July 9, 2020 /PRNewswire/ — AppOnboard, the leading no-code game design and development platform, today announced it has named Mike Seavers its new Chief Executive Officer. CEO and co-founder Jonathan Zweig recruited Seavers for the company’s global expansion and will work alongside him as President of AppOnboard moving forward. In his new role, Seavers will oversee day-to-day operations and set the product vision for AppOnboard, including its two core products: Buildbox, a no-code gaming engine that enables anyone to build and publish 2D and 3D mobile games; and Studio, a no-code design software for creating interactive mobile experiences. To date, over 1 billion people worldwide have played games and apps created on AppOnboard software.
Seavers joins AppOnboard after a long, successful career at Riot Games, most recently as Chief Technology Officer. During his tenure, Seavers helped the company scale from its early success with the popular game League of Legends to become a multi-game, global game developer and publisher and led 1000-plus employees globally as head of the technology and production departments.
A 25-year veteran of the engineering, product, and project management industries, Seavers believes that removing the barriers to game development will allow anyone to create and publish their own …

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Finnish mobile games studio Traplight launches Battle Legion worldwide and secures €8 million

finnish mobile games studio traplight launches battle legion worldwide and secures €8 million

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Today Traplight, the Finnish mobile games studio focused on highly accessible mid-core games, announces the global launch of its new mobile gaming title Battle Legion alongside an €8 million funding round. Lead investor in the round is the EQT Ventures fund, with participation from Play Ventures and existing investors Initial Capital and Heartcore Capital. The funding will be used to double down on Battle Legion, which merges qualities from both mid-core and casual titles and has already secured high engagement metrics and a positive community response.
Traplight was founded in 2010 by Sami Kalliokoski, Jari Paananen and Riku Rakkola, who have more than 40 years of game development experience between them. Following the success of Big Bang Racing, which was named Best of AppStore 2016, Traplight’s 30-strong team has focused on the development of Battle Legion. The mass battle multiplayer spectator game has deep strategy elements and AI-controlled troops do all the fighting. Players can build their dream army from dozens of versatile fighters, customize everything and discover an expanding collection of skins, battlefields, portraits, banners and titles.
Lars Jörnow, Partner and Investment Advisor at EQT Ventures, said: “Many of today’s top-grossing mobile games have been produced by Nordic gaming studios …

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Ampverse and POPS Worldwide Collaborate to Create Video Gaming Content Series

ampverse and pops worldwide collaborate to create video gaming content series

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Ampverse and POPS Worldwide Collaborate to Create Video Gaming Content Series

HomeEntertainmentAmpverse and POPS Worldwide Collaborate to Create Video Gaming Content Series

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Letter to the Editor: Open up gaming to entrepreneurs beyond tribes

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In 2004, Oklahoma voters made one existential strategic choice, changing organized offers of games of chance from a criminal act subject to criminal sanctions into a regulatory and licensing matter, and two tactical ones on its implementation. The voters existential choice on gambling, to make formerly forbidden fruit into a regulatory matter, is probably a bell that can’t be unrung.The voters tactical choices to implement this new policy, the Indian Gaming Regularly Act and the state lottery, has no such existential status.

If neither of the tactical choices is capable of amendment, they have become dogmatic ideology.The reality of the Indian Gaming Regulatory Act implementation law is that the state ceded a portion of its sovereignty over this untested economic area to the federal government, which reflected it back on our tribes through their exclusive operations preference.This implementation law effectively excluded 100% of our state’s entrepreneurs from this expanding economic area. It also placed all legal jurisdiction in federal hands, subject to its bureaucracy, its attorneys and its courts. Letting the Indian Gaming Regulatory Act expire has nothing to do with racism or reparations; it is about freeing all Oklahomans to pursue any economic opportunity, as well as ensuring …

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