Home
All updates
EDGE Insights
Industries
Company Search
My Watchlists (Beta)

All Updates

Filter

Funding

Disney invests USD 1.5 billion in Epic Games to build new gaming metaverse

Metaverse Platforms

Feb 7, 2024

This week:

Product updates

Hexagon unveils Advanced Compensation for metal 3D printing

Additive Manufacturing

Yesterday

Funding

Eden AI raises EUR 3 million in seed funding to accelerate product development

Generative AI Infrastructure

Nov 21, 2024

M&A

Wiz acquires Dazz to expand cloud security remediation capabilities

Next-gen Cybersecurity

Nov 21, 2024

Partnerships

Immutable partners with Altura to enhance Web3 game development and marketplace solutions

Web3 Ecosystem

Nov 21, 2024

Funding

OneCell Diagnostics raises USD 16 million in Series A funding to enhance cancer diagnostics

Precision Medicine

Nov 21, 2024

Partnerships

BioLineRx and Ayrmid partner to license and commercialize APHEXDA across multiple indications

Precision Medicine

Nov 21, 2024

Product updates

SOPHiA GENETICS announces global launch of MSK-IMPACT powered with SOPHiA DDM

Precision Medicine

Nov 21, 2024

Product updates

Biofidelity launches Aspyre Clinical Test for lung cancer detection

Precision Medicine

Nov 21, 2024

Partnerships

Spendesk partners with Adyen to enhance SMB spend management with banking-as-a-service solution

Business Expense Management

Nov 21, 2024

M&A

Mews acquires Swedish RMS provider Atomize to enhance Hospitality Cloud platform

Travel Tech

Nov 21, 2024

Metaverse Platforms

View industry hub

Feb 7, 2024

Disney invests USD 1.5 billion in Epic Games to build new gaming metaverse

Funding

Disney announced a USD 1.5 billion investment in Epic Games, the creators of the popular video game, Fortnite.
Following the acquisition, Disney aims to create an immersive entertainment universe in which consumers can interact with characters and stories from various Disney franchises such as Pixar, Marvel, Star Wars, and Avatar. This includes various engagement opportunities like playing, watching, and shopping. In addition, Disney plans to develop new games in collaboration with Epic Games.
Apart from Fortnite, Epic Games has a diverse portfolio of games and is known for its game development toolkit called Unreal Engine.
Analyst QuickTake : This development is significant, especially in light of Disney's March 2023 decision to scale back its involvement in the Metaverse by shutting down its dedicated division as a component of its broader layoff strategy. The recent investment underscores Disney's renewed dedication to integrating its properties into the Metaverse, aiming to engage a new generation of audiences.

Contact us

Gain access to all industry hubs, market maps, research tools, and more

Get a demo

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.