Disney acquires $1.5billion stake in Epic Games, announces major Fortnite partnership

A Landmark Partnership: Disney's $1.5 Billion Investment in Epic Games | Image Credit: Walt Disney

GAMING Disney acquires $1.5billion stake in Epic Games, announces major Fortnite partnership

David Ben 19:11 - 08.02.2024

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.

Walt Disney and Epic Games
Epic Games Logo | Credit: IMAGO

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. 

Walt Disney Epic Games
Epic Games are the creators of Fortnite | Credit: IMAGO

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.