Disney reportedly eliminates metaverse division in first round of layoffs

The Disney Plus logo on a beige and purple background Illustration by Alex Castro / The Verge

Disney’s next generation storytelling and consumer experiences division, which had been exploring how the company could enter the so-called metaverse, has been eliminated according to The Wall Street Journal. The team is thought to have been made up of around 50 employees, and was exploring how Disney could use its existing intellectual property in what former CEO Bob Chapek called “the next great storytelling frontier.”

The team has reportedly been axed in the Read Entire Article

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