YouTube/Disney CareersĬhapek, who stepped down when Bob Iger took over in November, had referred to the metaverse as “the next great storytelling frontier.”įollowing Facebook’s name change to Meta and its ambitious plans to establish a new virtual world, Disney, like many other companies, jumped on the metaverse bandwagon in 2021, CNBC reported. The company’s former chief executive, Bob Chapek, hired White in February 2022, telling employees in an internal memo at the time that the goal was to “create an entirely new paradigm for how audiences experience and engage with our stories.” Mike White remains at the company, but his new role remains unclear. White and the company did not immediately respond to The Post’s request for comment.ĭisney’s stock price dropped 2.44% over the past five days, hitting $95.27. White has been retained at the company, but his new role remains unclear. Led by Mike White, a former Disney consumer products executive, the division was responsible for exploring innovative ways to present interactive stories using Disney’s vast library of intellectual property, sources said. The restructuring is slated to be completed during the next two months, the Wall Street Journal reported.
The shutdown is reportedly a preamble to the Mouse House’s $5.5 billion in cuts and a larger round of workforce reduction that could impact approximately 7,000 employees, sources said. ‘Mandalorian’ star Giancarlo Esposito broke 6 lightsabers while filmingĬhris Christie blasts DeSantis over Disney feud: ‘Admit when you screwed up’ĭisney scrapped its fledgling metaverse unit as part of the company’s layoff plan, resulting in the unit’s entire staff - roughly 50 employees - losing their jobs. Trump says Ron ‘DeSanctus’ should be working on ‘squatter MESS!’, blasts gov’s ‘political stunt’ against Disney DeSantis board set to void stealth development agreement with Disney
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