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baldur@toot.cafe ("Baldur Bjarnason") wrote:
AFAICT this is the context for the Disney-OpenAI deal:
Disney has been cannibalising its legacy media businesses—linear TV and media licensing—to build up streaming, crushing margins and profitability. It did well on box office but that won't offset other decline
The legacy businesses are going to be dragging down the stock price, so they need a good story to prop it up, and "we're a part of the AI future" sounds better to the market than "we're going to crush AI with lawsuits" 🤷🏻♂️