Disney’s Tech Ambitions Stumble: Metaverse and AI Plans Under Pressure
New Disney CEO Josh D'Amaro faces immediate hurdles as OpenAI shuts down Sora and Epic Games announces massive layoffs.
Less than a week into his tenure as Disney's newly-appointed CEO, Josh D'Amaro is already navigating two major crises that cast a shadow over the company's future tech roadmap. OpenAI is reportedly shutting down its Sora image-generation program, a move that comes only months after Disney announced a $1 billion collaboration to integrate the technology into Disney Plus.
Simultaneously, Disney's $1.5 billion investment in Epic Games is facing scrutiny. The Fortnite creator is laying off 1,000 employees at a time when updates regarding their joint metaverse project remain scarce. While Disney may still find ways to incorporate generative AI into its streaming ecosystem, these setbacks represent a significant blow to the company's high-stakes digital strategy.
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