This article was very interesting, and we get a reaction from a CEO that we do not normally see. This article explains that after Disney acquired a large stake in Epic Games and their stock rose about 10% Iger (the CEO of Disney) called out one of his critics, Nelson Peltz, saying, “The last thing we need right now is to be distracted by an activist or activists that have a different agenda and don’t understand our company.” This is in response to Peltz being public about how he wanted Iger removed, and how he was mismanaging the company. It will be interesting to see how the stock price responds in the future, and if Iger will hold power or Peltz will get his way.
This acquisition was somewhat surprising to me because of how much it would cost Disney to get 10% in Epic Games. I am curious to see what they do with their equity. I believe they should add Disney characters into some of the Epic games platforms, and gain revenue from that. I believe there would be an increase in players if they saw that their favorite Disney character was in the game.
ReplyDeleteI believe that this acquisition is beneficial for both parties. Disney bringing the well known characters to Epic games will draw a new audience to their games, while Disney will gain new revenue from the popular games by Epic.
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