From CNBC:

Disney has invested $1.5 billion for a stake in Epic Games, marking its biggest move into the gaming space. The partnership will involve creating new games and an entertainment universe featuring Disney, Pixar, Marvel, Star Wars, Avatar, and more. The valuation of Epic, a private company, after Disney’s funding was not disclosed.

Disney’s CEO Bob Iger sees this as the media giant’s biggest venture into the game space, citing demographic trends and changing media consumption habits as driving factors. This partnership follows Disney’s success in licensing popular figures for video games and collaborating with Epic to bring characters to Fortnite.

Epic Games, known for the popular game Fortnite, has also challenged Apple and Google in court to lower app store fees. CEO Tim Sweeney was personally involved in these challenges, winning a victory against Google and mostly losing against Apple.

This partnership signals Disney’s biggest move into the gaming space yet, with potential to create a new game and entertainment ecosystem that brings together the Disney and Fortnite communities. Epic’s challenges against Apple and Google also showcase the company’s commitment to shaping the future of the gaming industry.



Read more: Disney to take $1.5 billion stake in Epic Games, maker of Fortnite