Disney’s new CEO had a WILD first week 👀 #disney
Source: Our analysis of the creator's lived experience, based on what they said in this video.
Creator's Key Takeaways
ABC canceled the entire season of The Bachelorette at the last minute costing the network an estimated $70 million.
Epic Games laid off 1,000 workers and this is a huge deal because Disney has invested $1.5 billion into Epic.
Disney found out Sora was shutting down only an hour before the public did.
I think Disney dodged a bullet on this one.
Questions This Creator Answers
YouTube Video Description↓
🚨Josh D'Amaro's first full week as Disney CEO was absolutely wild. D’amaro ended the week on a high note with the opening of Disney Adventure World and World of Frozen. But leading up to that, three major headaches hit the new CEO back-to-back. But one of them might actually great news in the long run. Here's how the week played out. First, ABC cancelled the current season of The Bachelorette at the last minute due to a scandal. Second, Epic Games laid off 1,000 workers due to a downturn in Fortnite engagement. This matters because Disney has $1.5 billion invested in Epic. They are a key strategic partner. And D'Amaro has been talking up the Disney Fortnite universe connecting parks and digital experiences for years - and as recently as last week’s shareholder call. Disney and Epic say the Fortnite Disney Universe is still moving forward as planned. Third, and this is the big one: OpenAI suddenly shut down Sora, their AI video platform. Just months ago, Disney announced a $1 billion investment into OpenAI to bring Disney characters to ChatGPT Images and Sora. According to the Wall Street Journal, Disney found out Sora was shutting down only an hour before the public did. But here's why that third headache might actually be good news: I think Disney dodged a bullet. Sora was burning $1 million per day with only half a million users - it was not a winner. AI-generated video is incredibly risky for IP owners. And if this slapdash cancellation without a heads up is how OpenAI treats a billion-dollar partner, how careful were they really going to be with Disney's characters and IP? My guess, with the reputation OpenAI has been building lately: not very. No money had exchanged hands yet. So Disney walked away clean. And as Zach Perilstein from the Boardwalk Times put it, it gives Josh D'Amaro and Dana Walden a clean slate to shape Disney's AI strategy on their own terms. That's some first week. Stay tuned, because this is just getting started. 🏰 #DisneyCEO #DisneyParks #DisneyNews #Fortnite #openai