Search results for Walt Disney Company
AI & Enterprise
AI chatbot Character.AI seeks bankruptcy protection as Disney places bid
Character.AI, an AI chatbot platform once valued at $1 billion, has filed for bankruptcy protection and entered a court-supervised sale process. The company cited failed fundraising, monthly operating losses of up to $9 million and legal burdens tied to protecting minors. Walt Disney is the first bidder with a $20 million offer for certain intellectual property and legal claims. Character.AI plans to keep services and subscriptions running during the process.
Games & Commerce
Webtoon Entertainment Q1 operating loss 11.7 billion won, narrows 69.8 percent
Webtoon Entertainment, Naver Webtoon’s U.S. parent, said its first-quarter operating loss narrowed 69.8 percent from a year earlier on improved gross profit and cost controls. Revenue fell 1.5 percent to $320.87 million, but rose 0.2 percent on a constant-currency basis. The operating loss was $8.03 million and net loss fell 60 percent to $8.80 million. Paid content revenue edged up, while ad and IP business revenue declined.
AI & Enterprise
OpenAI to end Sora video-generating app in March 2026 as daily losses reach 1.5 billion won
OpenAI has decided to end its video-generating app Sora in March 2026, drawing attention to why it is shutting it down. An online media outlet cited a Wall Street Journal report saying Sora was pushed down the priority list after failing to generate clear revenue despite high operating costs. User numbers fell from about 1 million to below 500,000, and daily losses were reported at about $1 million, or 1.5 billion won.
