Disney CEO’s First Week Marred by ‘Fortnite,’ OpenAI Woes
Bloomberg.com • • business
Key Points:
- Walt Disney CEO Josh D’Amaro, in his first week on the job, has witnessed two major technology investments face significant setbacks.
- Epic Games announced layoffs of 1,000 employees following the poor reception of new Fortnite versions.
- Disney had invested $1.5 billion in Epic Games two years ago to develop a digital universe featuring Disney characters and stories.
- The challenges at Epic represent a major hurdle for Disney’s strategic bet on expanding into digital entertainment and technology.
