In an official confirmation, Reliance Industries and Disney has signed a joint venture combining their media business in India. This joint venture is valued at $8.5 billion. The former chairman of Disney India, Mr. Uday Shankar will act as the strategic advisor and the VC for this merger while Mrs. Nita Ambani will be the chairman for the newly formed joint venture.
In a brand new development, Disney has annouced the release dates and years for one of the most anticipated titles under Disney's umbrella. According to reports, Moana 2 will be releasing this very year and Zootopia 2 will be released in 2025. The release year for Toy Story 5 and Frozen 3 has also been annouced in an attempt to revive Disney Studios to its former glory.
In a recent blog posted by The Walt Disney Company, Disney will collaborate with Epic Games to create an entertainment universe in Fortnite. As per the post, Disney will also invest $1.5 billion to acquire an equity stake in Epic Games alongside the multiyear project. Epic already created a successful collaborative game with LEGO earlier named LEGO Fortnite.
Disney's Imagineer Lanny Smoot is working on an omnidirectional VR treadmill, which they are calling the HoloTile Floor. Using this, not just a single person but multiple people can enjoy the VR world without colliding with each other or surrounding real-life objects. Free movement has been a challenge with VR for quite some time now, but this will fix that problem completely. Moreover, Scoot also talks about how this can double down as a tool for theatrical performances.