Disney Invests $1.5 Billion in Epic Games to Create Epic New Gaming Universe
Los Angeles, CA – The Walt Disney Co. has announced a major investment of $1.5 billion in a stake in Epic Games, the creator of popular video games such as Fortnite and Gears of War. This move is seen as Disney’s biggest venture into the video game industry, signaling CEO Bob Iger’s efforts to drive the company’s earnings growth. The partnership between Disney and Epic Games aims to expand the licensing of Disney brands within …