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Disney invests $1.5bn in Fortnite maker Epic Games to create new ‘universe’
Deal comes as the Hollywood studio released it latest earnings, reporting an increase of 49% in profits to $1.91bn
The Hollywood giant said it would build a “games and entertainment universe” with Epic for fans of its key franchises, including Pixar, Marvel and Star Wars. Bob Iger, chief executive of Disney, said the deal would amount to its “biggest entry ever into the world of games, and offers significant opportunities for growth and expansion”. Tim Sweeney, founder and CEO of Epic, said: “Disney was one of the first companies to believe in the potential of bringing their worlds together with ours in Fortnite, and they use Unreal Engine across their portfolio.
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