Disney teaming up with Fortnite maker Epic Games with 1.5 Billion Investment

Disney teaming up with Fortnite maker Epic Games with 1.5 Billion Investment

The Walt Disney Company and Epic Games are set to join forces in creating an innovative games and entertainment universe, marking an expansion of Disney’s cherished stories and experiences. Disney is set to make a significant investment of $1.5 billion to secure an equity stake in Epic Games as part of this multiyear venture. The completion of the transaction is contingent on meeting standard closing conditions, including regulatory approvals.

This collaborative project aims to deliver an exceptional gaming experience that integrates seamlessly with Fortnite. The newly established persistent universe will not only provide a top-tier gaming experience but will also present various opportunities for users to play, watch, shop, and interact with content, characters, and narratives from Disney, Pixar, Marvel, Star Wars, Avatar, and more. Players, gamers, and enthusiasts will have the chance to craft their own stories, express their Disney fandom uniquely, and share content with fellow fans in a manner they truly appreciate—all powered by the cutting-edge Unreal Engine.

Related – Disney Shares First Look at Moana 2 – Coming to Theaters in 2024

“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,” said Robert A. Iger, Chief Executive Officer, The Walt Disney Company. “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.”

“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,” said Tim Sweeney, CEO and Founder, Epic Games. “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.”

“This will enable us to bring together our incredible collection of stories and experiences from across the company for a broad audience in ways we have only dreamed of before,” said Josh D’Amaro, Chairman, Disney Experiences. “Epic Games’ industry-leading technology and Fortnite’s open ecosystem will help us reach consumers where they are so they can engage with Disney in the ways that are most relevant to them.”

Deepening the Epic Games & Disney Relationship

Disney and Epic Games have engaged hundreds of millions of players through Fortnite content integrations, season collaborations, in-game activations, and live events, including the Marvel Nexus War with Galactus, which drew more than 15.3 million concurrent players.

Unreal Engine is used to produce assets and content across the Disney portfolio including in the development of video games like Kingdom Hearts 3 and Star Wars Jedi: Survivor; in cinematic editing and animation for film and streaming; and in the creation of more than 15 Disney Parks attractions like Millennium Falcon: Smugglers Run at Star Wars: Galaxy’s Edge.

This all builds on Epic Games’ participation in the 2017 Disney Accelerator program, which seeks to impact the future of technology and entertainment.

Games Industry Growth & Disney Games Success

The digital world is growing and evolving with more than 3 billion video game players worldwide who want to move safely and seamlessly between the worlds they love, unleash their own creativity, and experience great gameplay.

Disney’s games business continues to deliver strong results since it shifted to a licensing business model in 2016. Disney is a leading games licensor working with best-in-class developers and publishers, including on the best-selling superhero game of all-time, Marvel’s Spider-Man. Licensed games from Disney garnered more than 150 award nominations, wins and other accolades in 2023, including multiple Game of the Year nominations for Marvel’s Spider-Man 2. Disney mobile games have 1.5 billion global installs, and to date, nine Disney games franchises have each grossed more than $1 billion in sales. In the U.S., the world’s largest games market, licensed titles from Disney regularly hit the annual top-10 best-sellers list.

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