Disney has eliminated its entire metaverse division of roughly 50 people, according to a new report from the Wall Street Journal. And while most people are still confused about what the “metaverse” is ...

Add Yahoo as a preferred source to see more of our stories on Google. Walt Disney Co. has eliminated its metaverse division as part of staff cuts that promise to reduce head count by around 7,000 ...

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 reportedly a ...

Walt Disney Co. (NYSE:DIS) has pulled the plug on one of its units engaged in developing metaverse strategies, as part of its plan to reduce headcount. What Happened: Disney shuttered its metaverse ...

Walt Disney Co. is beginning several rounds of layoffs this week intended to reduce Team Mickey’s head count by 7,000 jobs and cut costs by more than $5 billion. But no less striking than layoffs at ...

Add Yahoo as a preferred source to see more of our stories on Google. Walt Disney Co. has brought its characters to life in its theme parks and expanded its franchises through streaming services. Now ...

Are you a print subscriber? Activate your account. 1 hour 21 min ago By Ewan Larkin - 4 hours 53 min ago By Janelle A. James - 4 hours 53 min ago By Tim Ringel - 5 hours 23 min ago By Asa Hiken - 5 ...

The division is said to consist of approximately 50 employees, and their roles are focused on exploring how Disney can use its existing intellectual property in the "next great storytelling frontier," ...

If you were under any illusion that Disney’s new partnership with Epic Games on a Fortnite-connected “games and entertainment universe” was a traditional video game, that line from Disney’s ...

Disney is searching for someone to lead its efforts in the NFT space, but doesn't give specifics around what the metaverse might look like. Disney DIS is looking for someone to aid the entertainment ...

Growing conversations around the metaverse across multiple sectors show that organizations are increasingly looking to throw their weight behind this nascent immersive world. This new virtual world ...