Why did Disney invest $1.5 billion in Fortnite?

The Walt Disney Company announced Wednesday that it would invest $1.5 billion to acquire an equity stake in video game maker Epic Games. The company said that it would create a "new persistent universe" within Epic Games' Fortnite to integrate the company's franchises within the gaming monolith.

Does Disney own Fortnite?

Disney and Fortnite maker Epic Games are teaming up to build what’s being described as an “expansive and open games and entertainment universe.” As part of the announcement, Disney revealed that it is investing $1.5 billion in an equity stake in Epic.

What will Epic Games do with Fortnite?

“Epic Games’ industry-leading technology and Fortnite’s open ecosystem will help us reach consumers where they are so they can engage with Disney in the ways that are most relevant to them.” Disney and Epic Games will collaborate on an all-new games and entertainment universe.