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Disney invests $1.5 billion in Epic

by Tech & Tech
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Disney and Fortnite maker Epic Games are teaming up to build what’s being described as an “expansive and open games and entertainment universe.” As part of the announcement, Disney revealed that it is investing $1.5 billion in an equity stake in Epic.

Details on what this metaverse-like project will look like are sparse, but here’s how Disney explains it:

In addition to being a world-class games experience and interoperating with Fortnite, the new persistent universe will offer a multitude of 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, express their fandom in a distinctly Disney way, and share content with each other in ways that they love. This will all be powered by Unreal Engine.

That sounds a lot like Epic’s recent collaboration with Lego. In 2022, Epic received a $2 billion investment — which was split between Sony and KIRKBI, an investment company helmed by the family behind Lego — which resulted in the launch of the survival game Lego Fortnite earlier this year. That launch was part of a new era for Fortnite, as Epic made a major push to expand beyond the game’s battle royale roots, turning it into a platform for other kinds of games and experiences. The release of Lego Fortnite was coupled with Fortnite Festival (a music game from the creators of Rock Band) and Rocket Racing (a racer from the studio behind Rocket League).

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