Disney Takes $1.5B Stake In Epic Games

Disney

The Walt Disney Company and “Fortnite” creator Epic Games are set to collaborate on an all-new multiyear-long games and entertainment universe project.

The plans were revealed following Disney’s announcement today it will invest $1.5 billion to acquire an equity stake in Epic Games. The transaction is subject to customary closing conditions, including regulatory approvals.

The plan is for a “world-class games experience” powered by Unreal Engine and will be “interoperating with Fortnite”.

The new persistent universe will offer opportunities for consumers to play, watch, shop and engage with content, characters and stories from Disney, Pixar, Marvel, Star Wars, Avatar and more.

Players, gamers and fans will be able to create their own stories and experiences and share content with each other in ways they love.

Disney chief Bob Iger says in a statement:

“Our exciting new relationship with Epic Games will bring together Disney’s beloved brands and franchises with the hugely popular Fortnite in a transformational new games and entertainment universe.

This marks Disney’s biggest entry ever into the world of games and offers significant opportunities for growth and expansion. We can’t wait for fans to experience the Disney stories and worlds they love in groundbreaking new ways.”

Tim Sweeney, CEO and Founder, Epic Games says:

“Disney was one of the first companies to believe in the potential of bringing their worlds together with ours in Fortnite, and they use Unreal Engine across their portfolio. Now we’re collaborating on something entirely new to build a persistent, open and interoperable ecosystem that will bring together the Disney and Fortnite communities.”

Check out the trailer for the collaboration below:

Source: Disney Company

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