Disney

Disney Dives into the Metaverse: $1.5 Billion Investment in Epic Games Fuels New Gaming Universe

The investment marks Disney’s most substantial venture into the gaming arena. According to Disney CEO Bob Iger, it aims to enable consumers to engage with narratives featuring characters from Disney, Pixar, Marvel, Star Wars, and Avatar. The agreement, contingent on meeting closing conditions and obtaining regulatory approvals, encompasses an equity stake in Epic Games and a multiyear initiative to develop a novel “games and entertainment universe” that will seamlessly integrate with Fortnite. This strategic move aligns with the company’s overarching