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]
Last week, The Information reported that Disney's licensing fee in the OpenAI deal would be paid in the form of stock warrants in OpenAI, something Bloomberg has just discovered and seems to think hadn't previously been reported... hmmm https://www.theinformation.com/ ...
Remembering the Patton Oswalt bit from Parks and Rec where he uses public comment time to fanfic MCU and Star Wars universes colliding, and me having a nerdgasm during the whole thing. — I'd give anything to go back to that. Instead, Disney's gonna throw itself on the fire. […
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]