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The Walt Disney Company and OpenAI Partner on Sora

(openai.com)
236 points inesranzo | 7 comments | 11 Dec 25 14:05 UTC | HN request time: 0.001s | source | bottom
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afavour ◴[11 Dec 25 14:47 UTC] No.46232022[source]▶
AI has driven the corporate suites of these companies insane.

> As part of the agreement, Disney will make a $1 billion equity investment in OpenAI, and receive warrants to purchase additional equity.

I don't know what kind of hypnosis tricks Sam Altman pulls on these people but the fact that Disney is giving money to OpenAI as part of a deal to give over the rights to its characters is absolutely baffling.

OpenAI and ChatGPT have been pioneering but they're absolutely going to be commoditized. IMO there is at least a 50:50 chance OpenAI equity is going to be next to worthless in the future. That Disney would give over so much value and so much cash for it... insane.

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jimbokun ◴[11 Dec 25 14:49 UTC] No.46232048[source]▶
If OpenAI has exclusive rights to AI generation for Disney and other IP rights holders, that would create the kind of moat they've been missing so far.
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1. afavour ◴[11 Dec 25 14:50 UTC] No.46232058{3}[source]▶
All the more reason it's insane for Disney to be the one giving money!
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2. mritchie712 ◴[11 Dec 25 15:01 UTC] No.46232207[source]▶
> commoditized

not for disney content. Disney can pick OpenAI as the winner for this by not signing deals and suing anyone else.

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3. raincole ◴[11 Dec 25 15:01 UTC] No.46232221[source]▶
Disney is buying equity from OpenAI. You frame it as "giving OpenAI money" because you hold a (quite insane) assumption that OpenAI's equity is worth nothing.
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4. alephnerd ◴[11 Dec 25 15:19 UTC] No.46232454[source]▶
These kinds of equity deals tend to include MFN clauses around inference pricing. Ik Anthropic did something similar a couple years ago.
5. ◴[11 Dec 25 15:28 UTC] No.46232579[source]▶
6. mcphage ◴[11 Dec 25 15:30 UTC] No.46232598[source]▶
> Disney is buying equity from OpenAI.

Can you buy equity from OpenAI without also giving OpenAI a license to use your IP? Even if the equity is worth $1 billion, how much is Disney's IP license worth?

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7. HaZeust ◴[12 Dec 25 02:55 UTC] No.46240357{3}[source]▶
>"how much is Disney's IP license worth"

It unspoken business model is giving an IP license to anyone that can breathe at make a rev share agreement or hefty sum - so, less than you think.