Disney Cancels Plan to Invest $1 Billion in OpenAI, Reassesses Investment in Epic Games

2026-03-26 00:22:07

According to multiple media reports, after artificial intelligence company OpenAI decided to shut down its short video creation app Sora, The Walt Disney Company has canceled its $1 billion investment plan. The previous negotiations included a licensing agreement that would allow the app to use over 200 Disney characters. It is believed that, as Disney seeks new distribution channels for its brand, this deal would have given OpenAI access to existing entertainment intellectual property. (Sina Finance)

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