Business Archives Page 8 of 214

Disney Invests $1.5 Billion In Epic Games To Create A Persistent Digital Universe For Its Brands

The companies plan to develop a Disney Universe for gaming, playing, watching, and shopping that will integrate with Epic’s ‘Fortnite.’

Ludwig Von Drake is back in a starring role: telling Disney shareholders who to vote for.

Disney talks big about its future with the Apple Vision Pro.

DNEG Animation, which animated features including ‘Nimona,’ ‘Entergalactic,’ and ‘The Garfield Movie,’ turns 10 this year.

Tracking layoffs across the animation, vfx, and gaming industries.

Silvergate Media co-founder and chair William Astor has also stepped down.

For the second year in a row, Disney-owned Pixar will undergo major layoffs.

This is the fourth round of layoffs at Unity since July 2022, and will affect “all teams, regions, and areas of the business.”

The Harmony and Storyboard Pro developer was purchased by New York-based investment firm Integrated Media Company earlier this year.

Sugar, who recently released her first solo music album, and Jones-Quartey will be repped by the agency in all areas.

The new division’s first project is a series adaptation of the graphic novel ‘Heart Attack’ co-produced with Fuji TV.

According to Embracer, the company laid off 900 workers worldwide in Q2 of this year, around 5% of its global workforce.

Unity purchased Weta’s tools, pipeline technology, and 275 engineering staff for $1.625 billion less than two years ago.

Disney will pay at least $8.61 billion for Comcast’s 33% stake in the company, but that total could change before the deal is finalized.

Netflix will begin releasing Skydance animated features in 2024, starting with Vicky Jensons’ ‘Spellbound.’

The company’s aim is to “democratize 3d animation.”

Approval was granted after Microsoft agreed to sell Activision’s cloud streaming rights for all current and new titles to Ubisoft.

The layoffs are part of a restructuring process that will also result in less animation produced in-house.

The two companies are currently working on ‘Giants of La Mancha,’ to be released in 2024.

According to the company, ad revenues are 5-10x higher when fans watch videos on the Rooster Teeth website.