Disney cancels $1 billion OpenAI partnership amid Sora shutdown plans

While that agreement was presented publicly as all but a done deal, an OpenAI statement at the time said it was “subject to the negotiation of definitive agreements, required corporate and board approvals, and customary closing conditions.”

Now, Axios cites “a source familiar with the situation” in reporting that no money ever changed hands in the planned deal. The Financial Times reports that the deal never got off the ground as OpenAI shifted its strategic direction, according to “two people familiar with the matter.” And Deadline cites a Disney insider who said point-blank that “the deal is not moving forward.”