I thought Sweeney owned 50% and Tencent owned 40%. But from the Disney earnings call, they’re stating they bought a $1.5 billion stake in Epic Games. Please let this not be true. Everything Disney touches turns to ashes. Fox, Disney+, Star Wars, Indy, Lucasfilm, Marvels, etc.
Anyone have any info on this?
Its 100% true. Quick net search confirmed it.
Hear you about Disney, its all downhill there.
But as for Epic… Think of the alternatives???
More Epic layoffs… Return of yearly engine subs for game devs… No more marketplace freebies… The list goes on and on. Overall though, I wouldn’t worry much about this… Sweeney’s net worth is over 10 billion. That makes Epic’s value in the region of 10’s of billions. So what does Disney really get for 1.5 billion anyway? Disney won’t devour Epic, that’s for sure.
Whether Epic will devour itself though is a whole other thing. There is an argument that Epic lacks focus with its tendency since 2015 to try and capture every possible market (outside of its usual comfort zone of game dev).
Whenever other corps try that, it usually leads to more unstable products and ever more bugs. There is a reason why lots of devs are still sticking to 4.x for production work, even if 5.x still gets used on a daily basis for testing.
What is a complete unknown is whether the move into opening up Fortnite for devs will hurt or help the engine over the long term. When Epic eventually merge things (UE6 Verse) maybe things will be great. But Epic are not that strong at support or documentation and never have been.
Best guess is UE6 will offer truly lifelike state of the art graphics. But stability and documentation will suffer. Hope to be wrong about that ofc. 
Take that back. Elementals 
was cute AF.
My bet is that Tencent sold 5% of their 40% and now Disney holds as much as Sony which is 5% or thereabout.
I loved Marvel and Star Wars. And now they’re gone forever. 
I love Epic too.
May the force be with us!!
Tencent is apparently moving out of the game sector. They want to move into AI.
Disney had a disaster of an earnings call and their stock gets pumped by 15% pretty much like every other earnings call until it comes back down. They’re in a proxy fight and they’re gonna be under criminal investigation soon. They just lost their Federal case against Florida. Tons of lawsuits starting up. Disney picking a fight with Elon Musk. Gonna be interesting times. I just hope UE won’t get dragged into the mud.
