This ability to bring fantasy to life in the real world also ties in neatly with the metaverse, which many believe will focus on blending the real with the virtual. For these reasons, Disney is ...

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.

Disney 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. The shutdown is ...

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, reports The Wall Street ...

The roughly 50 person-strong team is believed to have been cut in the company’s first round of layoffs. Disney plans to reduce its headcount by around 7,000 employees overall. The roughly 50 ...

Disney has a long history of creating fantastical worlds, but even the Mouse House now seems to be pulling back from the metaverse. The metaverse was a pet project of former CEO Bob Chapek ...

Disney is cutting costs, and it’s starting with its Metaverse unit. The company is looking to reduce costs across all its divisions, and the first item on the chopping block is the cross ...

The "next generation storytelling" division had been a pet project of the former Disney CEO. By Alex Weprin Senior Editor The entertainment giant shuttered its nascent metaverse division as part ...

Disney’s vast vault of characters is a near-endless resource with limitless revenue potential for both companies. Meta may have gone to the trouble of renaming itself after the metaverse ...

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 ...

The answer is that, well, it’s a goofy game. Meta and Disney (and every other company chasing the metaverse trend) started with the desire to create a new vision of the internet, an all ...

Walt Disney Co.’s metaverse unit has reportedly been axed. The entertainment giant has cut the approximately 50 individuals that worked in the division helmed by exec Mike White, the Wall ...