[afavour]

Yes, that's what makes Disney investing in OpenAI as part of this so confusing to me. Sign a licensing deal that means OpenAI pays you every time someone uses your character? Absolutely. Who cares if they're burning cash, as long as you get your payday it's all good. But investing in the company means their cash burning is your problem too. I don't know why you'd do it.

[johnnyanmac]

The only explanation is if they think they can juice their stock by 2 billion and then whoever is on the ship jumps before the crash.

Sounds like Iger has his finger on the eject button. How much stock has he announced to be cashing out over 2026?

[sheeshe]

It’s not that.

It’s ego and desperation for one last hurrah. Disney has a history of being a corporate governance nightmare - which Iger ironically contributed toward fixing. He’s undoing all that now.