Disney’s chief executive, Bob Iger, has announced a series of moves which he hopes will bring “significant growth” to the entertainment giant.
The plans include streaming an exclusive version of Taylor Swift’s Eras Tour concert movie on Disney+.
The firm will also invest $1.5bn (£1.2bn) in Epic Games, the maker of the hugely popular video game Fortnite.
The firm will also invest $1.5bn (£1.2bn) in Epic Games, the maker of the hugely popular video game Fortnite.
“This marks Disney’s biggest entry ever into the world of games and offers significant opportunities for growth and expansion,” Mr Iger said in a statement as the company reported its financial results.
The announcements come a day after the company unveiled a joint venture with rivals Fox and Warner Bros. Discovery to launch a new sports streaming platform.
Together, the three US media giants own a wide range of sports rights including the FIFA World Cup, Formula 1, National Football League, National Basketball Association and Major League Baseball.
In its earnings report, the firm said its Disney+ streaming service shed 1.3 million subscribers following a price increase last October.
Disney also said it still expects the streaming business to reach profitability by September this year.
Disney’s chief executive, Bob Iger, has announced a series of moves which he hopes will bring “significant growth” to the entertainment giant.
The firm will also invest $1.5bn (£1.2bn) in Epic Games, the maker of the hugely popular video game Fortnite.
The plans include streaming an exclusive version of Taylor Swift’s Eras Tour concert movie on Disney+.
“This marks Disney’s biggest entry ever into the world of games and offers significant opportunities for growth and expansion,” Mr Iger said in a statement as the company reported its financial results.
The firm will also invest $1.5bn (£1.2bn) in Epic Games, the maker of the hugely popular video game Fortnite.
The firm will also invest $1.5bn (£1.2bn) in Epic Games, the maker of the hugely popular video game Fortnite.
“This marks Disney’s biggest entry ever into the world of games and offers significant opportunities for growth and expansion,” Mr Iger said in a statement as the company reported its financial results.
The announcements come a day after the company unveiled a joint venture with rivals Fox and Warner Bros. Discovery to launch a new sports streaming platform.
Together, the three US media giants own a wide range of sports rights including the FIFA World Cup, Formula 1, National Football League, National Basketball Association and Major League Baseball.
In its earnings report, the firm said its Disney+ streaming service shed 1.3 million subscribers following a price increase last October.
Disney also said it still expects the streaming business to reach profitability by September this year.
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