OpenAI Deal To License Disney Characters Is Entirely In Stock
Published on: Dec. 16, 2025, 9:09 a.m. | Source: NDTV Profit
OpenAI is getting access to Disney’s kingdom without cutting a check. The artificial intelligence company’s recent deal to license iconic characters from Walt Disney Co. for its Sora video app is entirely in stock warrants rather than a cash licensing fee, according to people familiar with the matter. OpenAI will offer Disney the option to purchase shares in the high-flying startup beyond its previously announced $1 billion stake.
