The Walt Disney Company and OpenAI Reach Landmark Agreement to Bring Beloved Characters from Across Disney’s Brands to Sora
Agreement Marks a Significant Step in Setting Meaningful Standards for Responsible AI in Entertainment
News:
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As part of this three-year licensing agreement, Sora will be able to generate short, user-prompted social videos that can be viewed and shared by fans, drawing on more than 200
Disney , Marvel, Pixar and Star Wars characters. - Agreement will make a selection of these fan-inspired Sora short form videos available to stream on Disney+.
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Disney andOpenAI affirm a shared commitment to responsible use of AI that protects the safety of users and the rights of creators. -
Alongside the licensing agreement,
Disney will become a major customer ofOpenAI , using its APIs to build new products, tools, and experiences, including for Disney+, and deploying ChatGPT for its employees. -
As part of the agreement,
Disney will make a$1 billion equity investment inOpenAI , and receive warrants to purchase additional equity.
As part of this new, three-year licensing agreement, Sora will be able to generate short, user-prompted social videos that can be viewed and shared by fans, drawing from a set of more than 200 animated, masked and creature characters from
Alongside the licensing agreement,
As part of the agreement,
Under the agreement,
The transaction is subject to the negotiation of definitive agreements, required corporate and board approvals, and customary closing conditions.
“Technological innovation has continually shaped the evolution of entertainment, bringing with it new ways to create and share great stories with the world,” said
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Under the license, fans will be able to watch curated selections of Sora-generated videos on Disney+, and
Among the characters fans will be able to use in their creations are Mickey Mouse, Minnie Mouse, Lilo, Stitch, Ariel, Belle, Beast, Cinderella, Baymax, Simba, Mufasa, as well as characters from the worlds of Encanto, Frozen,
As part of the agreement,
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Certain statements in this press release may constitute “forward‐looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our expectations, beliefs and business plans; transactions for which conditions to close have not been satisfied, including entering into definitive agreements, required approvals or other conditions to close; the benefits of the transactions, commitments and product offerings; consumer sentiment; and other statements that are not historical in nature. Any information that is not historical in nature is subject to change. These statements are made on the basis of management’s views and assumptions regarding future events as of the time the statements are made. Management does not undertake any obligation to update these statements. Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the Company or the discovery of additional information, as well as from developments beyond the Company’s control, including: failure to enter into definitive agreements, obtain required approvals or satisfy other closing conditions; regulatory and legal developments; technological developments; and consumer preferences and use of product offerings. Additional factors are set forth in the Company’s most recent Annual Report on Form 10-K, subsequent quarterly reports on Form 10-Q and subsequent filings with the Securities and Exchange Commission.
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Caitlin.conant@disney.com
Mike.p.long@disney.com
press@openai.com
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