Disney Shuts Down Metaverse Division and Scraps Subscription Service Plan

Disney Shuts Down Metaverse Division and Scraps Subscription Service Plan

According to The Wall Street Journal, Disney has closed its metaverse division and laid off all its 50 members as part of its broader restructuring process. The division was tasked with finding interactive ways to tell Disney’s stories using new technologies and was led by company veteran Mike White, who will remain at the company in an unknown role. The division’s closure also means the cancellation of White’s plan to launch a subscription service for Disney, which would have united Disney+ with the company’s retail operations and theme park apps.

Former Disney CEO Bob Chapek was optimistic about the company’s metaverse ambitions, calling it the “next great storytelling frontier.” However, under the pressure of cost-cutting measures, Disney has announced three rounds of layoffs, with the metaverse team being one of the first teams impacted. While Bob Iger, who replaced Chapek as CEO in November 2022, has shown an interest in the metaverse by joining the board of an animated avatar startup, it is unclear if Disney will continue to pursue its metaverse ambitions. The company will notify the last affected employees by the beginning of summer.

The closure of Disney’s metaverse division is a setback for the company’s ambitions to blend physical and digital experiences in new and innovative ways. However, given the company’s commitment to cost-cutting measures, it remains to be seen if Disney will continue to pursue its metaverse ambitions in the future.

Avsnitt(691)

Barney is Back

Barney is Back

Barney, the popular purple dinosaur from the 90’s hit show “Barney & Friends,” is set to be relaunched by Mattel later this year. The relaunch will include television, film, and YouTube content, as we...

13 Feb 202346s

Super Mario Bros Plumbing Ad

Super Mario Bros Plumbing Ad

This is a creative new ad for the Super Mario Bros.... plumbing service. Enjoy!

12 Feb 202359s

Avatar Coming to Disneyland

Avatar Coming to Disneyland

Disney CEO Bob Iger announced on Tuesday that the company is set to launch a new attraction based on the Avatar franchise. He referred to it as the “Avatar Experience” and promised that more details w...

10 Feb 202359s

New LOTR Lego Set

New LOTR Lego Set

LEGO announces new Lord of the Rings Rivendell set with 6,167 pieces, costing $499.99 and releasing on Mar 5th for LEGO VIP members, Mar 8th for all. Comes with 15 minifigures, includes all 9 Fellowsh...

8 Feb 202327s

King of the Hill is Back!

King of the Hill is Back!

King of the Hill, an adult-animated dark-comedy show, is coming back to Hulu with its original creators Mike Judge and Greg Daniels. The main cast members, including Hank Hill (Judge), Peggy (Kathy Na...

8 Feb 202320s

Hogwarts Legacy Out Today

Hogwarts Legacy Out Today

-------------------- *Check Out All Our Podcasts!* Geek Freaks Podcast: https://linktr.ee/GeekFreaks Pushing Buttons: https://linktr.ee/PushingButtonsPodcast TrekFreaks: https://linktr.ee/TrekFreaks ...

7 Feb 202322s

Costner Leaves Yellowstone

Costner Leaves Yellowstone

Paramount Network, Paramount Global, and Taylor Sheridan, the co-creator and showrunner of the TV series “Yellowstone,” are planning to end the show but are considering a franchise extension to contin...

7 Feb 202358s

Paradise Lost

Paradise Lost

The co-heads of DC Studios, James Gunn and Peter Safran, announced a new series "Paradise Lost" for HBO Max, which will be an origin story for the legendary island of Themyscira aka Paradise Island, t...

5 Feb 202342s

Populärt inom Politik & nyheter

svenska-fall
aftonbladet-krim
p3-krim
rss-krimstad
spar
fordomspodden
flashback-forever
rss-sanning-konsekvens
aftonbladet-daily
rss-vad-fan-hande
motiv
rss-expressen-dok
rss-frandfors-horna
rss-krimreportrarna
dagens-eko
politiken
krimmagasinet
rss-flodet
rss-aftonbladet-krim
kungligt