In a mind-boggling cash grab, the House of Mouse has plunged headfirst into the world of video games by shelling out a whopping $1.5 billion to buy a gaudy stake in Epic Games, the mastermind behind the widely-known Fortnite video game.
For those not in the know, Fortnite is a wildly popular video game that has taken the gaming world by storm. It seems that everywhere you turn, there’s someone playing Fortnite, and now, thanks to this obscenely expensive investment, Disney and Fortnite will officially be joined at the hip.
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Disney’s grand announcement of this lavish business move came during their quarterly earnings report for fiscal 2024, and it was clear that they were absolutely giddy about the whole shebang. Can you imagine being a fly on the wall in that meeting? “Hey, let’s throw $1.5 billion at a video game because, why not?!”
But wait, there’s more. According to Disney, this joint venture with Epic Games is going to birth an “all-new games and entertainment universe” that will expand upon everyone’s favorite Disney stories and characters. So, not only are we about to see even more of Disney’s ubiquitous characters, but they’ll be virtually inescapable. It’s like Disney said, “Hey, you like Disney stories? Well, we’re about to make you like them even more, whether you want to or not!”
Disney CEO Bob Iger boasted that this is the most significant leap into the world of video games in the history of the company. And who wouldn’t be ecstatic about a $1.5 billion gamble? I mean, it’s only a couple billion, no biggie!
Now, it’s no secret that Disney has been dealing with some serious issues lately – from lawsuits to financial turmoil – and yet, they decided to toss a massive pile of money at a video game company. It’s like deciding to buy a new car when you can’t afford groceries – it just doesn’t make sense! But hey, who needs financial responsibility when you can splurge on a “persistent universe” offering people the chance to “play, watch, shop and engage” with Disney characters, right?
In the end, this could either be a masterstroke or it could end up being the most expensive mistake in the history of video games. But as they say in the world of high-stakes gambling, “Go big or go home!” And it looks like Disney is going big. We’ll have to wait and see if it pays off.