Disney invested $1.5 billion for an equity stake in Epic Games as the two companies entered a collaboration that will expand entertainment opportunities.
In addition to the investment, a multiyear project is also included in the agreement.
Disney Expands to Gaming With Epic Games, Fortnite
Over the years, Disney has been experimenting with video games. In 2016, the company closed the majority of its gaming operations after failing to develop successful in-house titles.
Currently, the company licenses its properties to other developers and publishers like Electronic Arts and Sony Group. As for Epic Games, the company has been collaborating for years through the Disney Accelerator Program.
"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," Disney CEO Bog Iger shared in a release.
Fortnite Welcomes Disney Characters
Fortnite has been offering playable avatars based on Disney franchises like "Star Wars," "Indiana Jones," and more. According to Disney, the collaboration will open new gaming opportunities for gamers to play, watch, shop, and engage.
Powered by Epic's Unreal Engine, gamers will have the chance to craft their own experience using Disney's way.
"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," Epic CEO Tim Sweeney stated.
This deal follows Epic's pursuit of huge partnerships to enhance its gaming experience. Last year, the game studio struck a deal with the Lego Group, debuting Lego Fortnite which defeated the Battle Royale audience during its launch.
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