DEVELOPING: Disney Secures Historic $1B Licensing Deal with OpenAI

Breaking News: Disney Secures Historic $1B Licensing Deal with OpenAI The Walt Disney Company has reached a landmark three-year licensing agreement with OpenAI, a leading artificial intelligence company. According to a joint statement, the deal is worth a staggering $1 billion and will allow users to create and share videos using over 200 animated characters from Disney, Marvel, Pixar, and Star Wars. Under the agreement, Disney will invest $1 billion into OpenAI and become a major customer of the company. Notably, the deal does not include any talent likenesses or voices. This means users will be able to use Disney characters in videos, but without the actual voices or likenesses of the actors. The licensing deal is part of Disney's efforts to explore the use of artificial intelligence in content creation. The company aims to allow fans to create their own content based on Disney stories. This move could potentially open up new revenue streams for Disney and provide users with a new way to engage with their favorite characters. As part of this deal, Disney will become a major customer of OpenAI, which suggests a significant increase in the use of the company's short-form video generator, Sora. This could lead to a surge in user-generated content featuring Disney characters. This is a developing story, and we will continue to provide updates as more information becomes available.