Tag: entertainment.
Disney takes a $1.5B stake in Epic Games to build an ‘entertainment universe’ with Fortnite
Lego Fortnite is only two months old, but Epic Games is already out with an even bigger collaboration. Epic and Disney announced today that the companies will partner on an “all-new games and entertainment universe” that will bring characters from Disney’s deep catalogue to life through a tie-in with Fortnite. Disney will take a $1.5 […]
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Disney is investing $1.5 billion in Epic Games to create a ‘games and entertainment universe’
Disney will invest $1.5 billion in Epic Games, the creator of Fortnite, the company announced on Wednesday. As part of the initiative, Disney and Epic Games will create a brand new “games and entertainment universe” over the next few years, Disney said in a statement.
“Our exciting new relationship with Epic Games will bring together Disneys beloved brands and franchises with the hugely popular Fortnite in a transformational new games an entertainment universe,” wrote Disney CEO Bob Iger in the statement. “This marks Disney’s biggest entry ever into the world of games and offers significant opportunities for growth and expansion.”
Players will be able to “play, watch, shop and engage with content, characters and stories from Disney, Pixar, Marvel, Star Wars, Avatar, and more” in the new entertainment universe, which will be powered by Epic’s flagship Unreal Engine. Disney currently uses Unreal Engine to produce movies, video games, and content used in Disney theme parks around the world. It has also partnered with Epic Games previously to bring characters from Marvel, Tron, and Star Wars to Fortnite.
Neither company disclosed how much the valuation of Epic Games, a private company, would be after Disney’s investment. Chinese technology conglomerate Tencent currently owns 40 percent of Epic Games, while Sony owns just over 5 percent.
“[We] are collaborating on something entirely new to build a persistent, open and interoperable ecosystem that will bring together the Disney and Fortnite communities,” said Epic Games CEO Tim Sweeney in the statement. “Disney was one of the first companies to believe in the potential of bringing their worlds together with ours in Fortnite[.]”
This article originally appeared on Engadget at https://www.engadget.com/disney-is-investing-15-billion-in-epic-games-to-create-a-games-and-entertainment-universe-215015443.html?src=rss
Tencent Music Entertainment Group (TME) Q1 2023 Earnings Call Transcript
Tencent Music Entertainment Group (NYSE: TME) Q1 2023 earnings call dated May. 16, 2023 Corporate Participants: Cheuk Tung Tony Yip — Chief Strategy Officer Cussion Kar Shun Pang — Executive Chairman Zhu Liang — Chief Executive […]
The post Tencent Music Entertainment Group (TME) Q1 2023 Earnings Call Transcript first appeared on AlphaStreet.
World Wrestling Entertainment, Inc. (WWE) Q1 2023 Earnings Call Transcript
World Wrestling Entertainment, Inc. (NYSE: WWE) Q1 2023 earnings call dated May. 03, 2023 Corporate Participants: Seth Zaslow — Senior Vice President and Head of Investor Relations Nick Khan — Chief Executive Officer Frank […]
The post World Wrestling Entertainment, Inc. (WWE) Q1 2023 Earnings Call Transcript first appeared on AlphaStreet.
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The best entertainment of 2023
Right now, we are absolutely spoiled for choice when it comes to entertainment. TV shows, movies, and games all come out at such a fast and furious pace that it’s hard to keep up. Not all of them are worth your time, of course — which is where we come in.
Our team spends a lot of time immersed in the various realms of pop culture so that we can handpick our favorites for you. That could mean a hot new indie game you might’ve otherwise missed or the streaming series that will become your new obsession. Either way, if you’re finding it hard to sort through the flood, this is the place to find a curated selection of the best stuff.
And like last year, this page will be updated regularly throughout the year — so make sure to check back in…