11:56 ET -- Disney's $1 billion investment in OpenAI will serve as an entry point into artificial intelligence, which CEO Bob Iger says in an interview with CNBC will have a significant long-term impact on the company's business. "We want to participate in what Sam (Altman) is creating, and what his team is creating," Iger says. "We think this is a good investment for the company." The investment comes as part of a three-year licensing deal Disney has struck with OpenAI, which will allow the AI company to use Disney's characters and properties to generate short, user-prompted social videos. Shares tick up 1.4%. (connor.hart@wsj.com)
(END) Dow Jones Newswires
December 11, 2025 11:56 ET (16:56 GMT)
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