Disney announced that it will invest $1.5 billion in gaming company Epic Games for a partial stake. The two parties will also "work together to create a new open, persistent and social universe that further expands Disney's popular stories and experiences."
The trailer states that a new universe is about to be born where players can play, visit, create and shop while "exploring a place where magic and epic meet."
Disney emphasized that it has long used Epic's Unreal Engine in film and television editing and theme park projects such as "Star Wars: Galaxy's Edge." Disney's new game universe will also be built using Unreal Engine, the company said.
In response, Cointelegraph commented that less than a year ago, Disney cut the Metaverse division, but now it looks like it is working with Epic Games to create another Metaverse division.