OpenAI Deal to License Disney Characters Is Entirely in Stock
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000OpenAI:Disney characters perform in the Royal Ball lobby during the Disneyland Hotel reopening celebration at Disneyland Paris in 2024.OpenAI is getting access to Disney’s kingdom without cutting a check. The artificial intelligence company’s recent deal to license iconic characters from Walt Disney Co. for its Sora video app is entirely in stock warrants rather than a cash licensing fee, according to people familiar with the matter. OpenAI will offer Disney the option to purchase shares in the high-flying startup beyond its previously announced $1 billion stake.