• Home
  • Games
  • Games News
  • Disney to Acquire $1.5 Billion Stake in Epic Games, Create Shared Universe Connected to Fortnite

Disney to Acquire $1.5 Billion Stake in Epic Games, Create Shared Universe Connected to Fortnite

Fans will be able to watch, shop and play with Disney characters within Fortnite.

Disney to Acquire $1.5 Billion Stake in Epic Games, Create Shared Universe Connected to Fortnite

Photo Credit: Walt Disney

Disney and Epic Games will collaborate on a new games and entertainment universe

Highlights
  • The collaboration will involve Disney properties like Star Wars, Marvel
  • Epic has offered Fortnite players avatars based on Disney properties
  • Epic’s Unreal Engine software has been used to develop Disney games
Advertisement

Walt Disney is acquiring a $1.5 billion (roughly Rs. 12,400 crore) equity stake in Fortnite maker Epic Games as part of a collaboration involving Disney properties like Star Wars, Marvel and Avatar, the companies said Wednesday.

Fans will be able to watch, shop and play with Disney characters within the Fortnite game, according to a statement Wednesday. The deal also involves new titles and a collaboration with the company's theme parks.

“This marks Disney's biggest entry ever into the world of games and offers significant opportunities for growth and expansion,” Disney Chief Executive Officer Bob Iger said in a release.

Disney has had its ups and downs with video games. In 2016, the company shut down much of its game operations after struggling to develop large, successful titles in-house. Now, Disney licenses properties to outside developers and publishers like Electronic Arts and Sony Group.

Disney and Epic have collaborated for years, including through Disney's Accelerator program, where company executives mentor smaller businesses. Epic has offered Fortnite players avatars based on Star Wars, Marvel and Indiana Jones characters. Epic's Unreal Engine software has been used to develop Disney games.

“Disney was one of the first companies to believe in the potential of bringing their worlds together with ours in Fortnite,” Epic's CEO, Tim Sweeney, said in the statement.

The new project will span several years, the companies said. Epic will develop the experiences internally.

The deal follows other collaborations between Epic and big consumer products companies. In 2022, Kirkbi, the family holding company that controls the Lego Group, invested $1 billion in Epic to build online experiences using its brand. Lego Fortnite, released last year, featured characters in blocky Lego style, and had as many as 2 million people playing shortly after its debut.

© 2024 Bloomberg LP


What are the most exciting titles that gamers can look forward to in 2023? We discuss some of our favourites on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated - see our ethics statement for details.
Comments

For details of the latest launches and news from Samsung, Xiaomi, Realme, OnePlus, Oppo and other companies at the Mobile World Congress in Barcelona, visit our MWC 2024 hub.

Fujifilm Instax Pal Digital Camera With 1/5-Inch CMOS Sensor Launched in India
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »