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Disney is investing $1.5 billion in Epic Games to create a ‘games and entertainment universe’

Disney is investing $1.5 billion in Epic Games to create a ‘games and entertainment universe’

Disney will invest $1.5 billion in Epic Games, the creator of Fortnite, the company announced on Wednesday. As part of the initiative, Disney and Epic Games will create a brand new “games and entertainment universe” over the next few years, Disney said in a statement.“Our exciting new relationship with Epic Games will bring together Disneys beloved brands and franchises with…
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ESPN’s standalone streaming service will launch by fall 2025

ESPN’s standalone streaming service will launch by fall 2025

On the company's quarterly earnings call today, Disney CEO Bob Iger said the previously-announced standalone ESPN streaming service will arrive by the fall of 2025. The company had already tipped the service, which Iger explained will offer "the full suite" of ESPN networks as a streaming option, but a general launch date or any additional details hadn't been revealed. Iger said…
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FTC accuses Microsoft of misrepresenting its Activision Blizzard plans after layoffs

FTC accuses Microsoft of misrepresenting its Activision Blizzard plans after layoffs

One week after Microsoft laid off nearly 2,000 employees in its gaming division, the Federal Trade Commission is accusing Microsoft of contradicting its pledge to allow Activision Blizzard to operate independently post-acquisition. The FTC filed a complaint in a federal appeals court on Wednesday, arguing that last week's downsizing, which affected employees of Activision Blizzard, "contradicts Microsoft’s representations in this…
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Microsoft redesigns Copilot for the web and mobile

Microsoft redesigns Copilot for the web and mobile

One year after fully embracing generative AI chatbots, Microsoft is giving Copilot a fresh lick of paint. Copilot now has a more streamlined design on the web and in its mobile apps. The company says there's a cleaner look and feel for the chatbot's responses, while Copilot will display a carousel of suggested prompts to highlight what it can do.The…
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The Biden administration now requires large cryptocurrency miners to report their energy use

The Biden administration now requires large cryptocurrency miners to report their energy use

The Biden administration recently announced that it would be requiring large cryptocurrency mining operations to report electricity usage, via a press release from The Energy Information Administration. This follows concerns that the industry could pose a threat to the nation’s electricity grids and hasten the impacts of climate change.To that end, the EIA has targeted 137 “identified commercial cryptocurrency miners”…
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