Disney articles

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OpenAI pulls the plug on Sora, ending $1 billion Disney deal in sudden pivot

OpenAI axes Sora as compute costs and IPO plans force a reset
Winners & losers: OpenAI is scrapping its Sora video-creation app and, in the process, abruptly ending its high-profile $1 billion partnership with Walt Disney Co. Announced Tuesday, the decision signals a sharp pivot as the ChatGPT maker refocuses on enterprise products, coding tools, and its broader push toward artificial general intelligence.
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Disney invests $1.5 billion in Epic Games to forge expansive universe within Fortnite

What just happened? Disney is making its largest-ever investment in the gaming space by taking a $1.5 billion equity stake in Epic Games. The deal will also see the creation of an "expansive and open games and entertainment universe" that will interoperate with Fortnite. Disney explained that consumers will be able to play, watch, shop and engage with content, characters, and stories from Disney, Pixar, Marvel, Star Wars, Avatar, and more.