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Passive investing is more popular. But it’s time to invest actively — here’s why.
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
Business leaders investing in generative AI, automation to reinvent physical operations: Report
No savings at 45? Here’s how to maximise FTSE 100 investing potential
Jon Smith explains several ways to make cash work harder when investing in the FTSE 100 to be able to enjoy future retirement more.
The post No savings at 45? Here’s how to maximise FTSE 100 investing potential appeared first on The Motley Fool UK.
Treat cryptocurrency investing as gambling, MPs say
Investing a £20k ISA in dirt cheap BP shares would give me £1,320 a year passive income
Oil giant BP is set to yield 6.6% this year, making it one of the most exciting sources of passive income on the entire FTSE 100.
The post Investing a £20k ISA in dirt cheap BP shares would give me £1,320 a year passive income appeared first on The Motley Fool UK.
Investing a £20k ISA in dirt cheap Shell shares would give me income of £1,280 a year
By investing in Shell shares today I can generate a high and rising income stream, which would be tax-free in a Stocks and Shares ISA.
The post Investing a £20k ISA in dirt cheap Shell shares would give me income of £1,280 a year appeared first on The Motley Fool UK.
3 reasons ESG investing might become more rewarding
This writer explains why he thinks the opportunities ESG investing offer him could become more attractive over the coming years.
The post 3 reasons ESG investing might become more rewarding appeared first on The Motley Fool UK.