Disney Should Buy Fortnite And Epic Games, Former Exec Says

The Walt Disney Company's new CEO, Josh D'Amaro, is a big fan of video games, and one former Disney executive believes D'Amaro would be smart to do even more in gaming going forward. This could include a buyout of a gaming company like Epic Games.

In an interview with CNBC, Kevin Mayer--a former Disney and TikTok executive who now runs Candle Media--said D'Amaro will need to take "bold steps" to help Disney make more money and grow its stock price. One part of this could be doing more in gaming, he said.

Mayer called out how D'Amaro championed the $1.5 billion investment into Epic Games for a Fortnite project, saying it was a "great move." However, Mayer said D'Amaro needs to "figure out" how to turn gaming overall at Disney into a growth driver. One way he could do that is by opening the checkbook and buying a gaming company, Mayer said.