The Walt Disney Company encompasses theme parks and some of the world's best-loved entertainment brands. All of this makes it a perfect fit for the much-hyped metaverse, which promises to blend ...

Disney scrapped its small metaverse unit for next-generation storytelling and consumer experiences as part of the company’s layoff plan, resulting in the entire team staff — roughly 50 members ...

Disney laid off its entire metaverse team, which included around 50 people, in recent cuts. It's the latest firm to abandon its metaverse ambitions, despite assembling a team just a year ago.

Walt Disney Co. has eliminated its metaverse division as part of staff cuts that promise to reduce head count by around 7,000 across the company over the next two months, ...

Disney’s 50 person-strong next generation storytelling and consumer experiences division, which had been exploring how the company could enter the so-called metaverse, has reportedly been ...

Disney has laid off its entire dedicated metaverse team. The company seems to be no longer pursuing “next-generation storytelling” through new digital platforms. Photo: Jerome LABOUYRIE ...

Disney has closed its Metaverse unit in the first steps of the company’s initiative to lay off employees across its sectors. Brendan McDermid. JL Hodgson. Update: Mar 29th, 2023 17:12 EDT.

Disney’s hardly the only company taking a step back from the metaverse. Even Meta is shifting some of its focus to AI as part of its most recent restructuring.. While the dismissal of the Disney ...

Bob Chapek’s metaverse dream is dead at Disney. The entertainment giant shuttered its nascent metaverse division as part of Monday’s layoffs, The Hollywood Reporter has confirmed.

Disney’s metaverse division, which former CEO Bob Chapek dubbed “next generation storytelling,” was created in February 2022 when media companies were convinced Facebook must be on to something.

The metaverse, a tech buzzword sandwiched in between the hype eras of NFTs and AI, is still being built, ... Disney invested $1.5 billion for a chunk of Epic in the deal.

With Epic’s new partnership with Disney, the company is beating the likes of Meta to create a popular metaverse through its battle royale game Fortnite.