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BlockNews
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.

Tags: Bob IgerDisneyEpic GamesFortnitemetaverse
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University. He has been a Content Writer since 2019, covering a wide range of topics. His interest in crypto began in 2021, eventually becoming his main focus. For almost four years, he has worked with Aiur Labs and holds BTC, TRON, and a few memecoins.

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