OpenAI Deal to License Disney Characters Is Entirely in Stock

Photographer: Kristy Sparow/Getty Images 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. Most Read from Bloomberg The t ...