Wednesday, June 25, 2025
MediaNews4U
  • Exclusive
  • Advertising
  • Media
    • Radio
    • Cable & DTH
    • Print
    • Digital Frontier
    • Gaming Nexus
  • Television
  • OTT
  • Ad-Tech
  • Marketing
  • Campaigns
  • Analysis
  • Opinion
    • Opinion
    • Think Through
    • Prescience 2023
    • Prescience 2024
  • People
  • Events
    • Leader Speak
    • STRAIGHT TALK
    • Gamechangers
    • Print & TV Summit
MediaNews4U
  • Exclusive
  • Advertising
  • Media
    • Radio
    • Cable & DTH
    • Print
    • Digital Frontier
    • Gaming Nexus
  • Television
  • OTT
  • Ad-Tech
  • Marketing
  • Campaigns
  • Analysis
  • Opinion
    • Opinion
    • Think Through
    • Prescience 2023
    • Prescience 2024
  • People
  • Events
    • Leader Speak
    • STRAIGHT TALK
    • Gamechangers
    • Print & TV Summit
MediaNews4U.com
Home Featured

Disney pauses metaverse plans, lays off 50 employees

by MN4U Bureau
March 29, 2023
in Featured, Digital Tech
Reading Time: 1 min read
A A
Disney to lay off 7,000 employees, major restructuring announced
Share Share ShareShare

Disney has shut down its storytelling and consumer-experiences unit, which was developing metaverse strategies, according to media sources.

ADVERTISEMENT

The move is part of a larger restructuring effort that will reduce the company’s headcount by around 7,000 over the next two months.

In mid-2022, the media conglomerate started working on its metaverse strategy and chose Polygon as its blockchain.

The unit, led by former Disney executive Mike White, was responsible for exploring new ways to tell interactive stories using Disney’s intellectual property. All 50 members of the team have been laid off, but White will remain at the company in an unclear role.

Tags: DisneyMetaverseMike White

RECENT POSTS

Kuku FM, Penguin Random House India team up to launch audiobooks in Hindi
Digital Tech

Kuku FM, Penguin Random House India team up to launch audiobooks in Hindi

April 5, 2025
0

MUMBAI: Kuku FM, a storytelling platform and Penguin Random House India (PRHI), a publishing house, have teamed up to launch...

Read more
Kirthiga Reddy and Saurabh Doshi Present Verix: Transforming Verification Processes with Blockchain and AI Technology
Digital Tech

Kirthiga Reddy and Saurabh Doshi Present Verix: Transforming Verification Processes with Blockchain and AI Technology

November 2, 2024
0

Verix, an innovative end-to-end authentication and verification platform, is set to transform the verification landscape through its integration of blockchain...

Read more
Exploring the various types of water heaters
Featured

Exploring the various types of water heaters

August 29, 2024
0

A water heater or geyser is one of the many electronic appliances individuals use at home daily. Different water heaters...

Read more
Featured

Explore Bangalorе as a Tech Hub with a Grееn Hеart

August 21, 2024
0

Bangalorе is an India's Silicon Vallеy and it is a city whеrе modеrnity sеamlеssly blеnds with naturе. It's a place...

Read more
Criteo's net income rises four fold for the fiscal
Featured

Criteo’s net income rises four fold for the fiscal

February 9, 2024
0

Criteo a commerce media company, has announced financial results for the fourth quarter and fiscal year ended 31 December, 2023....

Read more
Chrome News Track 6: Parliament Budget Session 2024, Jharkhand Political Crisis, Speed News
Featured

Chrome News Track February 8: Election 2024, Congress Counters Centres White Paper With Black Paper, Speed News

February 9, 2024
0

Chrome News Track February 6Chrome Digital Track data on the most watched news stories online (Chrome News Track), is brought...

Read more

LATEST NEWS

JioStar-MPA Report Declares TATA IPL 2025 ‘A Year of Firsts’; Sets New Benchmarks in Reach, Tech, and Fan Engagement

JioStar-MPA Report Declares TATA IPL 2025 ‘A Year of Firsts’; Sets New Benchmarks in Reach, Tech, and Fan Engagement

June 25, 2025
Experience Puri Rath Yatra with News18 Odia’s Grand Coverage

Experience Puri Rath Yatra with News18 Odia’s Grand Coverage

June 25, 2025

ANALYSIS

JioStar-MPA Report Declares TATA IPL 2025 ‘A Year of Firsts’; Sets New Benchmarks in Reach, Tech, and Fan Engagement
Analysis

JioStar-MPA Report Declares TATA IPL 2025 ‘A Year of Firsts’; Sets New Benchmarks in Reach, Tech, and Fan Engagement

June 25, 2025
0

Bali: JioStar, in collaboration with Media Partners Asia (MPA), today unveiled the TATA IPL 2025: A Year of Firsts report...

PEOPLE

Bajaj Consumer Care names Naveen Pandey as Managing Director
People

Bajaj Consumer Care names Naveen Pandey as Managing Director

June 25, 2025
0

Mumbai: Bajaj Consumer Care has announced the appointment of Naveen Pandey as its new Managing Director, effective July 1, 2025,...

MARKETING

OML, Ultraviolette partner to produce the documentary ‘The Fastest Indian’
Marketing

OML, Ultraviolette partner to produce the documentary ‘The Fastest Indian’

June 25, 2025
0

MUMBAI: Only Much Louder (OML), a full-service creative and entertainment business network, has partnered with Ultraviolette Automotive to produce the...

Subscribe to Newsletters

ADVERTISING

WPP Expands Strategic Partnership with Vercel to drive AI-Powered Digital Experience Creation
Advertising

WPP Expands Strategic Partnership with Vercel to drive AI-Powered Digital Experience Creation

June 25, 2025
0

Global marketing leader WPP has announced an expanded strategic partnership with Vercel, the cutting-edge web development platform, aimed at revolutionising...

PRINT

Thane Vaibhav and Ekatva Group launch New Hyper-Local Business Supplement
Print

Thane Vaibhav and Ekatva Group launch New Hyper-Local Business Supplement

June 4, 2025
0

Mumbai: In a powerful collaboration that underscores Thane’s rising prominence as a business hub, leading Marathi daily Thane Vaibhav and...

AUTHOR'S CORNER

Beyond Impressions: Building Campaigns That Convert
Authors Corner

Beyond Impressions: Building Campaigns That Convert

June 25, 2025
0

Visibility doesn’t guarantee viability. In an era where digital impressions are easy to gain, the true challenge lies in driving...

UPLIFT MEDIANEWS4U DIGITAL PVT LTD
No. 194B , Aram Nagar 2, JP Road,
Versova, Andheri West
Mumbai - 400061

For editorial queries:
[email protected]
[email protected]

For business queries:
Smitha Sapaliga - +91-98337-15455
[email protected]

Recent News

OML, Ultraviolette partner to produce the documentary ‘The Fastest Indian’

OML, Ultraviolette partner to produce the documentary ‘The Fastest Indian’

June 25, 2025
JioStar-MPA Report Declares TATA IPL 2025 ‘A Year of Firsts’; Sets New Benchmarks in Reach, Tech, and Fan Engagement

JioStar-MPA Report Declares TATA IPL 2025 ‘A Year of Firsts’; Sets New Benchmarks in Reach, Tech, and Fan Engagement

June 25, 2025
Experience Puri Rath Yatra with News18 Odia’s Grand Coverage

Experience Puri Rath Yatra with News18 Odia’s Grand Coverage

June 25, 2025

Newsletter

Subscribe to Newsletters

Medianews4u.com © 2019 - 2024 All rights reserved.

  • The South Side Story 2023 Download Report
  • Goafest 2023: Day 3
  • Goafest 2023: Day 2
  • Goafest 2023: Day 1
  • Straight Talk Gallery 2022
  • The South Side Story 2022 Download Report
  • Focus 2022
  • Futurescope Conclave Gallery 2022
  • The South Side Story 2021 Download Report
  • FOCUS 2021
  • Exclusive
  • Exclusive
  • Advertising
  • Media
    • Radio
    • Cable & DTH
    • Print
    • Digital Frontier
    • Gaming Nexus
  • Television
  • OTT
  • Ad-Tech
  • Marketing
  • Campaigns
  • Analysis
  • Opinion
    • Opinion
    • Think Through
    • Prescience 2023
    • Prescience 2024
  • People
  • Events
    • Leader Speak
    • STRAIGHT TALK
    • Gamechangers
    • Print & TV Summit

Medianews4u.com © 2019 - 2024 All rights reserved.