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Walt Disney have reportedly acquired a significant stake in Epic Games.
The Walt Disney Company has made a significant move in the gaming industry by investing a staggering $1.5 billion to acquire an equity stake in Epic Games, the creators behind the immensely popular video game, Fortnite.
This strategic investment has signalled a major collaboration between two entertainment giants.
Epic Games CEO Tim Sweeney, the controlling shareholder of Epic, will retain control of the board even after the transaction's completion, as confirmed by Epic to GamesIndustry.biz.
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15:03 - 30.01.2024
Dr Sid: Kond10r CEO rubbishes claims that Esports in Nigeria is ‘tailor-made for the rich’
Kon10dr’s CEO is actively challenging misconceptions about eSports exclusivity in Nigeria.
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13:00 - 15.01.2024
CARVEN by Gamr Africa take eSports center stage as Cutting-edge Gaming Center unveiled in Lagos
A Landmark moment for eSports in Nigeria as Gamr Africa and Carven redefine the gaming experience.
Disney and Epic's Vision for a New Gaming Universe
Described as an 'open, persistent, social universe', the collaboration between Disney and Epic Games is expected to redefine the gaming experience as we know it.
Beyond just a gaming platform, this project aims to create an immersive space where fans can not only play but also watch, shop, and engage with content from Disney's vast portfolio, including iconic brands like Pixar, Star Wars, Marvel, and Avatar.
Disney CEO Robert A. Iger expressed excitement about the partnership, highlighting its transformative potential in the world of games and entertainment.
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He said via a press statement, “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.
“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.”
With the promise of new storytelling possibilities and interactive experiences, this venture holds immense promise for growth and expansion within the industry.
While this partnership marks a new chapter in their relationship, Disney and Epic Games have a history of successful collaboration.
From branded partnerships within Fortnite to utilizing Epic's Unreal Engine in Disney's games, films, and theme parks, the two companies have already demonstrated their ability to create synergy and innovation together.
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14:25 - 24.10.2023
Mohammed bin Salman: Saudi Arabia's Billionaire Prime Minister announces eSports World Cup set to feature the LARGEST prize pool in history
Saudi Arabi are officially set to host the world's largest eSports competition in 2024.
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