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BREAKING: Disney acquires $1.5 billion stake in Fortnite developer
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It looks like the future of the developer of the popular Battle Royale game Fortnite will be more exciting after Disney announced that it has officially acquired a large stake in its name, Epic Games.
Disney announced a massive $1.5 billion investment in Epic Games, developer of the popular battle royale game Fortnite and the next-generation Unreal Engine 5. And that's not all; the two companies also announced a joint collaboration to create an "entirely new game and entertainment world." It aims to expand the reach of Disney's beloved stories and experiences.
In other words, Disney will acquire a stake in Epic Games, and they will work closely on new projects. This collaboration is expected to merge the magical world of Disney with the innovative games from developer Fortnite, and new games and entertainment events will be created that combine famous Disney characters and the distinct worlds of Epic Games.
The news was announced as part of Disney's Q1 2024 earnings report on Wednesday night, where it said Roberto A. Eger, CEO of The Walt Disney Company, via press release:
“Our exciting new relationship with Epic will combine Disney’s beloved brands and franchises with the immensely popular game Fortnite into a transformative new world of gaming and entertainment.”
"This represents Disney's biggest entry into gaming and offers significant opportunities for growth and expansion. We can't wait for fans to experience the Disney stories and worlds they love in new and innovative ways."
he added Tim Sweeney, CEO and Founder of Epic Games:
Disney was one of the first companies to believe in the possibility of combining their worlds with ours in Fortnite, and they use Unreal Engine across their portfolio. Now we're collaborating on something completely new to build a seamless, open, and interoperable ecosystem that will unite the Disney and Fortnite communities.
No further details have been announced about upcoming projects that will flesh out their great partnership, nor has there been any indication of when any of them will arrive, but Disney She indicated in her statement that these projects will span many years.
What do you think of Disney buying a US$1.5 billion stake in Epic Games along with creating a new world within the beloved Battle Royale game Fortnite?