Sources: Disney's Sora deal is entirely in OpenAI stock warrants rather than a cash licensing fee; Disney has the option to buy more shares beyond its $1B stake
I'd give anything to go back to that. Instead, Disney's gonna throw itself on the fire. [embedded post] Dan Wade / @dwade : Deal makes far more sense now. If OpenAI succeeds, Disney reaps the rewards. If they flatten, Disney is positioned as a strategic acquirer. If they bomb, Disney has priority access to the assets. [embedded post] @nycsouthpaw : This is a Standard Oil tactic. [embedded post] @diannalgunn : Technically I don't think this fits the definition of a Ponzi scheme but it certainly feels like one [embedded post] Ed Zitron / @edzitron.com : Wait so Disney buys stock from OpenAI and OpenAI pays Disney in stock to license its characters? Amazing [embedded post] Aaron Blackshear / @aaronblackshear : That's as good as money sir. Those are IOUs. Go ahead and add it up, every cent's accounted for [embedded post] @spookycutewitch : It's SO easy to scam corporations if you have a giant (often imaginary) dollar sign next to your name [embedded post]