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Home BUSINESS

Disney and Epic Games Forge $1.5 Billion Metaverse Alliance

Michael Juanico by Michael Juanico
February 7, 2024
in BUSINESS, GAMING, METAVERSE
Reading Time: 3 mins read
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  • Disney is investing $1.5 billion in Epic Games for an equity stake to build a metaverse tied to Fortnite.
  • The metaverse will connect the Disney and Fortnite communities, allowing fans to engage with characters and create experiences.
  • This partnership builds on previous collaborations between Disney and Fortnite, marking Disney’s biggest step into gaming.

Disney has announced a multiyear collaboration with Epic Games, the developer behind the popular game Fortnite. As part of the deal, Disney is investing $1.5 billion for an equity stake in Epic. The goal is to build an expansive virtual world that connects the Disney and Fortnite communities.

BREAKING: Disney invests $1.5 billion into Epic Games to create a new “universe” pic.twitter.com/6oJMozYbI9

— BlockNews.com (@blocknewsdotcom) February 7, 2024

Details on the Partnership

The new persistent universe will offer opportunities for fans to engage with their favorite Disney, Pixar, Marvel, Star Wars, and other characters and stories. Players will be able to create their own experiences, express themselves, and share content.

The metaverse will be powered by Epic’s Unreal Engine and interoperate with Fortnite. It sounds similar to Epic’s recent collaboration with Lego, which resulted in the launch of the survival game Lego Fortnite.

Previous Collaborations Between Disney and Epic

This is far from the first time Disney and Fortnite have worked together. A number of Disney characters have appeared in the game, including a Marvel-themed season in 2020.

Reactions to the Announcement

Disney CEO Bob Iger said the partnership offers significant opportunities for growth and expansion in gaming. Epic CEO Tim Sweeney said they are “collaborating on something entirely new.”

The announcement came with news of a Mandalorian update coming to Rocket League, another game owned by Epic.

While details remain sparse, the partnership marks Disney’s biggest step into gaming. It will be interesting to see how the collaboration shapes up and what kind of experiences emerge from this metaverse down the line.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Bob IgerDisneyEpic GamesFortnitemetaverse
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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