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- Disney makes $1.5B investment in Fortnite maker Epic Games
Disney makes $1.5B investment in Fortnite maker Epic Games
Bay Area Times
February 08, 2024
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Top stories today:
- Disney makes $1.5B investment in Fortnite maker Epic Games
- Foldable iPhone, iPad prototypes being built by Apple
- OpenAI developing 2 AI agents: local and web-based
- China’s consumer inflation hits -0.8% YoY, lowest since 2009
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. Disney makes $1.5B investment in Fortnite maker Epic Games
Fall of 2025: ESPN’s stand-alone streaming service launches.
111.3M Disney+ subscribers, -1.3M vs. prior quarter.
Password sharing crackdown kicks off in U.S.
Disney’s revenue was little changed at $23.5B in Q1 FY24, while non-GAAP operating income rose to $3.9B
80% of Disney’s operating profits came from its Parks and Experiences division
2. Foldable iPhone, iPad prototypes being built by Apple
“Could be canceled if they don’t meet Apple’s standards.”
There have been fluctuations in interest by Apple’s leadership team.
Foldable phones have not been top sellers by other brands, in part because of their high cost.
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4. OpenAI developing 2 AI agents: local and web-based
The Information confirmed that the “industry-defining zero to one product” this OpenAI hinted at in January were agents:
