Everything Disney's Bob Iger Said About the $1.5 Billion Investment in Epic and the New Disney Universe

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Disney CEO Bob Iger gave air time In Today earnings call has THE Partnership Or Disney will invest $1.5 billion In Epic Games has build A new Disney universe that looks like A metaverse.

THE agreement East A huge A that could booster THE fortunes of Epic Games' vision has build A open And connected metaverse — something Epic Games CEO Tim Sweeney has has been talk about For almost A decade.

"It is not just OUR parks Or were create new opportunities For consumers has to commit with THE characters And franchise they love," Iger said In THE analyst call. In OUR new relationship with Epic Games, were create A transformational Games And entertainment universe that integrated Disney world class narration In Epic cultural phenomenon Fortnite, allow consumers has play, watch, create, And shop For both digital And physical goods. This Brands Disney the biggest entrance Never In THE world of video Games, And offers significant opportunities For growth And expansion. THE new immersive universe will release their own creativity And experience THE Disney stories that they love In revolutionary new manners. »

Bob Iger of Disney

Iger added, "Younger public In particular are huge consumers of video Games. In do, among millennials, Gen. Z And Gen. Z East A significant Rising of time spent on on screen platforms, playing video Games. This new universe Since Disney And Epic provides We with A tremendous opportunity has not only meet more consumers Or they are And has allow more public has cultivate A bind with Disney iconic brands And franchises, including Wonder, Star The wars, And a lot more. »

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As A next to, he note that Marvel Spider Man 2, do by Sony Insomniac Games, added has Games income during THE quarter. He note that Sometimes manager creativity East best do with great partnerships.