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Disney invests $1.5 billion in Epic Games to forge expansive universe within Fortnite

The company also announced that Disney Plus lost 1.3 million subscribers post-price hike
What just happened? Disney is making its largest-ever investment in the gaming space by taking a $1.5 billion equity stake in Epic Games. The deal will also see the creation of an "expansive and open games and entertainment universe" that will interoperate with Fortnite. Disney explained that consumers will be able to play, watch, shop and engage with content, characters, and stories from Disney, Pixar, Marvel, Star Wars, Avatar, and more.