Deal comes as the company reported an increase of 49% in profits and picked up Taylor Swift’s Eras Tour movie for streaming
Disney has announced a $1.5bn move into video games, striking a partnership with Epic Games, the publisher of Fortnite, and agreeing to take a minority stake in the business.
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.
More Stories
Jane Birkin’s original Hermès handbag to be sold at auction in Paris
Trump trade deal shows how vital China’s rare-earth metals are to US defense firms
BYD launches cheapest UK model in bid to overtake Tesla as biggest electric carmaker