Tag: maker
Arm stock soars 20% as chip maker sees ‘signs of recovery’ in its market, raises guidance for the year
Disney Invests $1.5 Billion In Fortnite Maker To Build Persistent Game Universe
“It’s not just our parks where we’re creating new opportunities for consumers to engage with the characters and franchises they love,” Iger said in an analyst call. In our new relationship with Epic Games, we’re creating a transformational games and entertainment universe that integrates Disney’s world-class storytelling into Epic’s cultural phenomenon Fortnite, enabling consumers to play, watch, create, and shop for both digital and physical goods. This marks Disney’s biggest entry ever into the world of video games, and offers significant opportunities for growth and expansion. The new immersive universe will unleash their own creativity and experience the Disney stories that they love in groundbreaking new ways.”
Iger added, “Younger audiences in particular are huge consumers of video games. In fact, among millennials, Gen Z and Gen Z is a significant amount of time spent on screen-based platforms, playing video games. This new universe from Disney and Epic provides us with a tremendous opportunity to not only meet more consumers where they are and to allow more audiences to cultivate a bond with Disney’s iconic brands and franchises, including Marvel, Star Wars, and much more.” The $1.5 billion transaction is subject to customary closing conditions, including regulatory approvals. In addition to being a world-class games experience and interoperating with Fortnite, the new persistent universe will offer a multitude of opportunities for consumers to play, watch, shop and engage with content, characters and stories from Disney, Pixar, Marvel, Star Wars, Avatar and more. Fortnite teased the partnership in a new video posted on YouTube. The official announcement can be read here.
Read more of this story at Slashdot.
Disney invests $1.5B in Fortnite maker Epic Games
The two companies will ‘collaborate on an all-new games and entertainment universe’
Disney invests $1.5B in Fortnite maker Epic Games to build a persistent game universe
Hasselblad Is Reportedly the Latest Camera Maker To Bail On DSLRs
Read more of this story at Slashdot.
Earnings Results: Sonos stock tanks 23% after audio equipment maker cuts guidance on ‘softening demand’
Bungie tracks down another Destiny 2 cheat maker, hammers him for $16.2M
EV maker Rivian narrows losses in Q1, beats on revenue
Rivian may still be burning through cash, but it has managed to narrow losses and generate more revenue as the automaker sells more of its EVs while paring down costs. Rivian reported Tuesday $661 million in revenue in the first quarter, a nearly seven-fold increase from the same period last year when it was plagued […]
EV maker Rivian narrows losses in Q1, beats on revenue by Kirsten Korosec originally published on TechCrunch