Disney reportedly shuts down its metaverse division
company veteran Mike White to lead the team in its task of finding interactive ways to tell Disney's stories using new technologies. While the rest of team has lost their jobs, White will remain at the company, though it's unclear what role he's taking on going forward.
The executive's plan to launch an Amazon Prime-like subscription service for Disney has reportedly also been scrapped. It would've created a single user experience for Disney+, the company's retail operations and its apps that people use to purchase food and merchandise at Disney theme parks. Chapek was hopeful and optimistic about Disney's future when it came to the metaverse and previously said that the company should excel at"blending... the physical and digital experiences." He called the metaverse"the next great storytelling frontier." The division's closure doesn't necessarily mean that Disney is abandoning its metaverse ambitions for good, though.
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