OpenAI has announced the discontinuation of Sora, its AI video generation service, a decision that directly affects its partnership with Disney. The exact closure date is not yet known, but OpenAI plans to provide details on saving user work and the timeline for the app and API.
The shutdown is reportedly invalidating OpenAI’s contract with Disney, which includes a planned $1 billion equity investment and a character licensing agreement for creating AI-generated videos featuring various Disney characters. Disney acknowledged OpenAI’s decision, emphasizing their respect for the evolving AI field and the constructive collaboration they had.
Though reasons for Sora’s closure haven’t been shared, OpenAI is believed to be refocusing its strategy ahead of an IPO. Sora, which gained popularity upon its launch, faced scrutiny regarding copyright issues.
Future announcements are expected from OpenAI regarding the shutdown and user options. Meanwhile, Disney is exploring other AI platforms.
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