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Disney's making a $1.5 billion bet on video games with 'Fortnite' maker Epic Games
Disney CEO Bob Iger announced the company took a $1.5 billion minority stake in Epic Games, the makers of the smash hit video game "Fortnite."
In an interview with CNBC, Iger said the company's bet is "our biggest foray into the games space ever." Epic's third-person-shooter game "Fortnite" has raked in the cash on the back of microtransactions and crossovers with other IPs like Dragon Ball, Stranger Things, and Family Guy. Discovery and Netflix, that have been leaning into games to diversify their revenue and leverage their big-name franchises.
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