Disney’s New AI Strategy: Make Good After The Sora Mess
Disney got some cash back in its pocket after the OpenAI deal fell apart – but the company still plans to lean into AI.
Disney got some cash back in its pocket after the OpenAI deal fell apart – but the company still plans to lean into AI.
On Wednesday, Josh D’Amaro led his first earnings call as the new CEO of Disney. The company closed last quarter with $25.2 billion in revenue, a 7% year-over-year increase. Disney Entertainment advertising revenue rose 5% YOY, but ESPN ad revenue was down 2% YOY, although subscription and affiliate revenue was up 6%.