Disney Acquiring $1.5 Billion Stake in Epic Games, Multi-year Collab Project Teased
The Walt Disney Company has announced a new collaborative venture with Epic Games—yesterday's press release outlined the creation of an upcoming "all-new games and entertainment universe that will further expand the reach of beloved Disney stories and experiences." Epic's Fortnite appears to be the first port of call for an expanded roster of Disney-owned characters and locales (perhaps for seasonal and time limited events)—new interactive projects will emerge at later time: "(our) 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." Additionally, the press briefing mentions a big money transaction: "Disney will also invest $1.5 billion to acquire an equity stake in Epic Games alongside the multi-year project. The transaction is subject to customary closing conditions, including regulatory approvals."
The Walt Disney Company's Chief Executive Officer—Robert A. Iger—stated: "Our exciting new relationship with Epic Games will bring together Disney's beloved brands and franchises with the hugely popular Fortnite in a transformational new games and entertainment universe. This marks Disney's biggest entry ever into the world of games and offers significant opportunities for growth and expansion. We can't wait for fans to experience the Disney stories and worlds they love in groundbreaking new ways." Tim Sweeney, Epic Games CEO and Founder also chipped in with: "Disney was one of the first companies to believe in the potential of bringing their worlds together with ours in Fortnite, and they use Unreal Engine across their portfolio. Now we're collaborating on something entirely new to build a persistent, open and interoperable ecosystem that will bring together the Disney and Fortnite communities." Disney's introductory piece includes a teaser image that shows an overhead perspective of a Fortnite-esque digital theme park—several circular floating islands are dotted with well known franchise graphics and company logos. A 43-second video montage also presents similar content, with the narrated message: "Discover a place where magic is Epic." Fortnite is listed alongside Marvel, Star Wars, Pixar and Disney IPs.
The Walt Disney Company's Chief Executive Officer—Robert A. Iger—stated: "Our exciting new relationship with Epic Games will bring together Disney's beloved brands and franchises with the hugely popular Fortnite in a transformational new games and entertainment universe. This marks Disney's biggest entry ever into the world of games and offers significant opportunities for growth and expansion. We can't wait for fans to experience the Disney stories and worlds they love in groundbreaking new ways." Tim Sweeney, Epic Games CEO and Founder also chipped in with: "Disney was one of the first companies to believe in the potential of bringing their worlds together with ours in Fortnite, and they use Unreal Engine across their portfolio. Now we're collaborating on something entirely new to build a persistent, open and interoperable ecosystem that will bring together the Disney and Fortnite communities." Disney's introductory piece includes a teaser image that shows an overhead perspective of a Fortnite-esque digital theme park—several circular floating islands are dotted with well known franchise graphics and company logos. A 43-second video montage also presents similar content, with the narrated message: "Discover a place where magic is Epic." Fortnite is listed alongside Marvel, Star Wars, Pixar and Disney IPs.