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Discord teams up with Sony's gaming division

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Discord teams up with Sony's gaming division

A unit of Sony Corp, the PlayStation gaming division, has made an investment in Discord Inc as part of a deal to tie in the messaging platform.

 

The deal was announced by Sony Interactive Entertainment Chief Executive Officer Jim Ryan.

 

Discord provides a platform to public and private groups to gather and chat by text, audio and video.

 

It initially became popular among gamers and streamers, but is now used by communities ranging from sports fans and music groups to cryptocurrency investors.

 

Sony and Discord did not disclose the value of the investment.

 

Discord has over 140 million monthly users and its business model relies on a premium subscription service. In December, the company raised $100 million in a private funding round that valued it at $7 billion.