Media and entertainment conglomerate
Appears in 4 stories
Reporting Q2 FY26 results; restructuring around streaming
For 28 years ESPN was Disney's cable cash machine — a pay-TV channel that millions paid for whether they watched it or not. Disney's May 6 earnings report described something different: a standalone $29.99-a-month streaming service, an asset valued at $30 billion, and a sports network in which the National Football League now owns 10%.
Updated May 31
Accepted Sora shutdown; $1B equity investment never closed; character licensing ended April 26; in talks with OpenAI for future collaboration
OpenAI previewed Sora as a glimpse of cinema's AI future in February 2024. Twenty-six months later, on April 26, 2026, the company switched off the Sora consumer app for good.
Faced backlash and lawsuit over 2015 H-1B layoffs
On December 29, 2025, the Department of Homeland Security published its final rule replacing the H-1B lottery with wage-weighted selection. It takes effect February 27, 2026.
Updated May 16
First major studio to both sue AI firms for infringement and license characters to a leading AI platform.
Mickey Mouse just shook hands with the algorithm Hollywood spent two years trying to tame. Disney is investing $1 billion in OpenAI, letting Sora and ChatGPT Images legally generate short videos and images of more than 200 Disney, Pixar, Marvel, and Star Wars characters — not the actors who play them.
Updated May 11
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