Disney Makes Major Gaming Move, Invests $1.5 Billion in Epic Games for New Entertainment Universe

Benzinga
Benzinga
  • 7 months ago
Disney is investing $1.5 billion to take an equity stake in Epic Games, the company behind the popular video game Fortnite. This marks Disney's biggest investment in the gaming industry to date. Disney and Epic will work together to create new games and an "entertainment universe" where consumers can engage with Disney, Pixar, Marvel, Star Wars, and other brands through gaming, watching content, and shopping. Epic Games CEO Tim Sweeney said the companies will collaborate to "build a persistent, open, and interoperable ecosystem," bringing together Disney and Fortnite communities.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 Disney is investing $1.5 billion to take an equity stake in Epic Games,
00:06 the company behind the popular video game Fortnite.
00:08 This marks Disney's biggest investment in the gaming industry to date.
00:11 Disney and Epic will work together to create new games in an entertainment universe where
00:15 consumers can engage with Disney, Pixar, Marvel, Star Wars, and other brands through gaming,
00:19 watching content, and shopping.
00:21 Epic Games CEO Tim Sweeney said the companies will collaborate to build a persistent,
00:25 open, and interoperable ecosystem, bringing together Disney and Fortnite communities.
00:29 Disney CEO Bob Iger called this a timely and important investment given how much
00:33 time younger generations spend gaming.
00:35 For all things money, visit Benzinga.com.

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