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Disney invests $1B in OpenAI, brings iconic characters to Sora AI video generation tool

The Walt Disney Company (NYSE:DIS) announced a groundbreaking $1 billion investment in OpenAI, marking the beginning of a strategic partnership aimed at enhancing generative AI technology in creative industries.

As part of the agreement, Disney will license its vast portfolio of characters, including Mickey Mouse, Cinderella, and Luke Skywalker, to OpenAI’s Sora video generation tool.

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Bloomberg

Warner Bros. Is Said to Begin Exclusive Talks With Netflix

Warner Bros. Discovery Inc. has entered exclusive negotiations to sell its film and TV studios and HBO Max streaming service to Netflix Inc., according to people familiar with the discussions. The two companies could announce a deal as soon as in the coming days, assuming talks don't fall apart, the people said. Bloomberg's Manuel Baigorri breaks down the situation.

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