Disney will make investments $1.5 billion in Epic Video games, the creator of Fortnite, the corporate introduced on Wednesday. As a part of the initiative, Disney and Epic Video games will create a model new “video games and leisure universe” over the subsequent few years, Disney stated in a statement.
“Our thrilling new relationship with Epic Video games will deliver collectively Disneys beloved manufacturers and franchises with the vastly common Fortnite in a transformational new video games an leisure universe,” wrote Disney CEO Bob Iger within the assertion. “This marks Disney’s largest entry ever into the world of video games and presents vital alternatives for development and enlargement.”
Gamers will have the ability to “play, watch, store and interact with content material, characters and tales from Disney, Pixar, Marvel, Star Wars, Avatar, and extra” within the new leisure universe, which will likely be powered by Epic’s flagship Unreal Engine. Disney at present makes use of Unreal Engine to supply motion pictures, video video games, and content material utilized in Disney theme parks world wide. It has additionally partnered with Epic Video games beforehand to deliver characters from Marvel, Tron, and Star Wars to Fortnite.
Neither firm disclosed how a lot the valuation of Epic Video games, a non-public firm, could be after Disney’s funding. Chinese language expertise conglomerate Tencent at present owns 40 p.c of Epic Video games, whereas Sony owns simply over 5 p.c.
“[We] are collaborating on one thing fully new to construct a persistent, open and interoperable ecosystem that can deliver collectively the Disney and Fortnite communities,” stated Epic Video games CEO Tim Sweeney within the assertion. “Disney was one of many first firms to consider within the potential of bringing their worlds along with ours in Fortnite[.]”
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