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Disney has had a rough couple of years after CEO Bob Iger returned from a brief retirement. But the media veteran said Disney is finally on the path toward success again.
Disney CEO Bob Iger announced during the company's earnings call Wednesday that it would invest $1.5 billion in Cary-based Epic Games.
Iger said Disney would take a $1.5 billion stake in Epic Games. The two companies would work together to create a "huge Disney universe" where consumers can interact with characters and stories from Disney, Pixar, Marvel, Star Wars and Avatar, he said.
Disney is betting big on Epic Games, announcing a major investment in the North Carolina-based creator of Fortnite.
The matriarch of the Cyrus family spilled tea and stole the show in a new episode of Call Her Daddy.