Licensing2025-12-11confirmed

OpenAI × The Walt Disney Company

The Walt Disney Company and OpenAI announced a three-year partnership making Disney the first major content licensing partner for the Sora video generation platform. [29, 32] As part of the agreement, Disney will make a $1 billion equity investment in OpenAI. [36, 37] The deal allows users to generate short videos and images with a library of over 200 characters from Disney's brands, though it excludes talent likenesses and voices. [45, 54] The deal was later impacted when OpenAI shut down the Sora platform in March 2026, leading to the abandonment of the planned investment. [56]

Price paid
$1B
total over 3 years
Losing bid
Per unit
no meaningful ratio

The asset

A license for more than 200 animated, masked, and creature characters from Disney, Marvel, Pixar, and Star Wars for use in the Sora generative AI video platform and ChatGPT Images.

  • 200 characters

The record

Seller status
Going concern
Sector
entertainment and media
Modalities
video, images, character IP
Jurisdiction
US
Personal data
The agreement does not include any talent likenesses or voices. [32, 37]

What it means if you hold data

This was a landmark deal representing the first major licensing of a studio's core character IP to a generative AI video platform, signaling a potential new model for collaboration between Hollywood and AI developers. [51, 54] The subsequent failure of the deal due to the platform's shutdown highlights the volatility and risks inherent in partnerships tied to early-stage AI products. [56]

Sources