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Will be interesting to see what % stake Disney got. Tencent currently owns 40% of Epic and Sony has another 5%. Given their last valuation of $32B it doesn't seem like Disney will end up with more than 3-4%. Still a good chunk, but not quite enough to call the shots.
Pretty sure Epic took a big haircut in valuation too, just like its peers. Money is a lot more expensive now, so perhaps Disney got a nice deal.
Disney gets more IP in front of more 13-25 year olds. This is a very impressionable age group, and can create life long fans. This is a good value proposition for Disney. Epic probably gets an increase in valuation -- lifeblood for tech companies. Collaboration skins are massive for revenue. However, I'm concerned this relationship will force uncool collaborations with Fortnite and reduce it's appeal. Disney has had…
All other Media and Entertainment companies are either owned by Comcast/AT&T or are Tech companies (netflix, amazon,apple,sony,youtube,tiktokk) that have carved out a chunk of the media and entertainment sector.
Disney is basically on the back foot here, at a time when the attention economy is wrecking chaotic unpredictable havoc on the the media sector.They had to do something cause shareholder revolt has been brewing for a while.
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Don't forget Lucasfilm Games, nee LucasArts. They published a lot of games, both star wars properties and otherwise. They're now owned by Disney as well.
Eh, Lucasflim Games was pretty much shutdown in 2013 and only stuck around as a shell just to license out to, uh, checks notes EA. They're nothing like what they used to be when they enabled games like Rogue Squadron, KotOR or Jedi Academy.
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My kids already think many recent Fortnite collabs (Star Wars, Marvel, etc) are lame. Hasn't stopped them from playing though. https://www.dexerto.com/fortnite/every-fortnite-collab-cross...
I had the same reaction 20 years ago to Kingdom Hearts. Disney is definitely at risk of becoming irrelevant with their stale IP.
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Don't forget Lucasfilm Games, nee LucasArts. They published a lot of games, both star wars properties and otherwise. They're now owned by Disney as well.
Interesting to bring this up - always wondered which way the creative influence went between Monkey Island and Pirates of the Caribbean (if i recall correctly, the game is based off the ride, but the film was allegedly inspired by the game)
Apparently the song itself was written for the rides in 1967 [1] and I assume is based off even older pirate shanties. Certainly reminds me of songs from the book Treasure Island (1883).
[1] https://en.wikipedia.org/wiki/Yo_Ho_(A_Pirate%27s_Life_for_M...
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Given how often there are lawsuits where a large company is on both sides of the aisle, I don't think this that crazy.
We very nearly had the same company on both sides when the MPAA (of which Sony Pictures was a member) was fighting with Sony Electronics over video tapes.
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If instead of buying IP and stealing from public domain works they invested more into creating new IP they could actually make a lot of money. I'm sick of them being allowed to increase their entertainment monopoly on children instead of being told to just create new original works. It's not like they have a shortage of talented people...
It is not possible to steal from the public domain. That's the entire point of it.
I doubt that Disney would take this kindly or lightly.
That's the entire point of the post that you are responding to.
No please no, god no. Disney rots everything it touches and epic games is more than rotten enough as it is.
Oversimplified negativity towards Disney and Epic Games doesn't capture their diverse contributions. A more nuanced view and consideration of both positives and negatives is advisable.
Disney gets more IP in front of more 13-25 year olds. This is a very impressionable age group, and can create life long fans. This is a good value proposition for Disney. Epic probably gets an increase in valuation -- lifeblood for tech companies. Collaboration skins are massive for revenue. However, I'm concerned this relationship will force uncool collaborations with Fortnite and reduce it's appeal. Disney has had…
Disney is the last standing Old Media company. All other Media and Entertainment companies are either owned by Comcast/AT&T or are Tech companies (netflix, amazon,apple,sony,youtube,tiktokk) that have carved out a chunk of the media and entertainment sector. Disney is basically on the back foot here, at a time when the attention economy is wrecking chaotic unpredictable havoc on the the media sector.They had to do so…
Also, there is still Paramount.
Sony Pictures started in 1987, so that should qualify as old media too.
And there is also Lionsgate.
Disney is by far the biggest and most relevant, though.
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I had the same reaction 20 years ago to Kingdom Hearts. Disney is definitely at risk of becoming irrelevant with their stale IP.
At risk? They haven’t had hit movie for years. They have destroyed just about everything they’ve touched, from Indiana Jones to Star Wars to Snow White.