Walt Disney Co. has announced a $1 billion investment in OpenAI and a three-year partnership to license over 200 characters to Sora, OpenAI’s AI video platform. Disney characters like Mickey Mouse and Cinderella will be featured in short social videos generated by Sora. Excluded from the agreement are talent likenesses and voices. Disney will also utilize OpenAI tools internally. Sora is an invite-only social app where users can create and share AI-generated videos. Disney’s first reported lobbying expenditures related to AI policy coincide with this partnership. Relevant companies involved include $DIS. Stay tuned for updates as more details emerge.

Read more at Quiver Quantitative: Disney Invests $1B in OpenAI, Grants Sora Rights to Iconic Characters