I debated posting this one myself, but the article does highlight that Disney isn’t even sure if they want to do it, and Tim Sweeney is the gatekeeper of this ever happening. The worst thing that can come from this is that Disney gets bored with owning a video game company a few years down the line and then dissolves the institution responsible for the Unreal engine.
The worst thing that can come from this is that Disney gets bored with owning a video game company
If I had to guess, they actually want Epic because they use Unreal for their TV series and movies. I think they couldn’t care less about the video game business.
But all of the set backgrounds for e.g. The Mandalorian are rendered in Unreal on their fancy 360° production stage so that they can have real-time photography and lighting based on camera position.
They want Epic because of Fortnite; that’s why they invested in Epic in the first place, and it’s what the article cites as business reasons for the acquisition. If Unreal is doing what they need to already, it could still see cost cutting that affects video games, as they don’t see as much need to enhance it with features that actually support new games.
The article says Sweeney still retains full voting control, which would mean he’s got at least 51%. As I understand it, he can sell any time he wants, and Tencent gets a portion of the sale.
I debated posting this one myself, but the article does highlight that Disney isn’t even sure if they want to do it, and Tim Sweeney is the gatekeeper of this ever happening. The worst thing that can come from this is that Disney gets bored with owning a video game company a few years down the line and then dissolves the institution responsible for the Unreal engine.
If I had to guess, they actually want Epic because they use Unreal for their TV series and movies. I think they couldn’t care less about the video game business.
But all of the set backgrounds for e.g. The Mandalorian are rendered in Unreal on their fancy 360° production stage so that they can have real-time photography and lighting based on camera position.
They want Epic because of Fortnite; that’s why they invested in Epic in the first place, and it’s what the article cites as business reasons for the acquisition. If Unreal is doing what they need to already, it could still see cost cutting that affects video games, as they don’t see as much need to enhance it with features that actually support new games.
Not just Tim, but Tencent also owns a massive stake in Epic and I sincerely doubt they would want to give up their position.
The article says Sweeney still retains full voting control, which would mean he’s got at least 51%. As I understand it, he can sell any time he wants, and Tencent gets a portion of the sale.
He has 41.4%