Mark Zuckerberg said the metaverse would be the future of his company - and the entire internet. Now, after tens of billions of dollars spent, it's quietly being shelved in favour of AI, writes Adam ...

As part of a companywide cost-cutting effort, Disney has axed its cross-divisional Next Generation Storytelling & Consumer Experiences group, which encompassed the Mouse House’s metaverse ambitions.

The hype surrounding Web3, NFTs and metaverse has died down a bit since peaking last year. Just this week, it was reported that Disney’s returning CEO Bob Iger shut down its metaverse business unit, ...

We recently published a list of 12 Best Metaverse Stocks to Invest in. In this article, we are going to take a look at where The Walt Disney Company (NYSE:DIS) stands against other best metaverse ...

The cuts affected 10% of staff as spending shifts to its AI glasses and other wearables products. Disney to Unify Marketing Efforts Into New Centralized Unit Asad Ayaz will lead the unit as chief ...

Disney’s new CEO Josh D’Amaro is facing a turbulent first week marked by the collapse of two major tech partnerships worth $2.5 billion and a high-profile TV controversy. OpenAI’s shutdown of its ...

As the Metaverse evolves beyond its early hype cycle, its real potential is becoming easier to see. Instead of standing alone, it’s increasingly tied to bigger shifts across tech, including advances ...