Walt Disney Co. has eliminated its next-generation storytelling and consumer-experiences unit, the small division that was developing metaverse strategies, as part of a broader restructuring that is expected to reduce head count by around 7,000 across the company over the next two months. Headed by Mike White, a former Disney consumer-products executive, the division was tasked with finding ways to tell interactive stories in new technological formats using Disney’s extensive library of intellectual property.
Source: WSJ News Exclusive | Disney Eliminates Its Metaverse Division as Part of Company’s Layoffs Plan
