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Disney’s OpenAI Video Pact Will Not Affect Its Other Programming, CEO Bob Iger Says

Disney CEO Bob Iger Charley Gallay/ for Disney Disney CEO Bob Iger said videos created with OpenAI‘s Sora will soon start to appear on Disney+, but he doesn’t see the move affecting the rest of the company’s film and TV pipeline. Speaking on the company’s quarterly earnings call Monday, Iger told Wall Street analysts that the company’s three-year deal with OpenAI, announced last December, will start to bear fruit in the next few months. Under the pact, Disney is investing $1 billion in OpenAI and the AI start-up is paying an unspecified amount to license 250 Disney characters.

Disney's OpenAI Video Pact Will Not Affect Its Other Programming, CEO Bob Iger Says

Disney's OpenAI Video Pact Will Not Affect Its Other Programming, CEO Bob Iger Says

Credit: Deadline

Key Highlights

  • Vertical videos produced by users of Sora, whose rollout last fall created a storm of controversy, will be added to Disney+ later this year, the company revealed last month at CES.
  • Iger said Monday they will initially be capped at 30 seconds apiece, allowing Disney to benefit from the “huge growth in short-form and user-generated content on other platforms, such as YouTube.” Watch on Deadline Related Stories News Bob Iger Avoids Nostalgia During Disney Results Call But Has Some Advice For Successor: "Trying To Preserve The Status Quo Is A Mistake" News Bob Iger Calls Disney's Fox Acquisition "Ahead Of Its Time" The agreement “jump-starts our ability to have short-form video on Disney+,” Iger said.
  • “Additionally, it’s our hope that we will use the Sora tools to enable subscribers of Disney+ to create short-form videos on our platform, through Sora.
  • It’s all, I think, a positive step in terms of adding a feature that we believe will greatly enhance engagement.” Asked about potential impact on Disney’s other programming, Iger replied, “I don’t really see that it will have any impact at all.” Hollywood studios are under scrutiny for their handling of AI as above-the-line guilds prepare to start negotiations for new contracts later this year.
  • The rise of AI became a contentious element n the previous round of talks, helping to cause a months-long dual strike by the Writers Guild and SAG-AFTRA.
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Sources

  1. Disney’s OpenAI Video Pact Will Not Affect Its Other Programming, CEO Bob Iger Says

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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