Disney to spend $180M on Character.AI staff over three years, filing shows
Character.AI’s bankruptcy papers show Disney paid $7.5M up front and required a Chapter 11 sale. Rival bids for its technology are due by 20 November.
Via TNW | Business
Disney expects to spend about $180m over three years on the Character.AI staff it is hiring, a bankruptcy court filing shows. The sum covers pay and retention. Character Technologies, which runs the chatbot platform, filed the papers in Delaware on 13 October. It had sought Chapter 11 protection the day before.
Bloomberg first reported the employee terms on Friday. They come from the deal sheet that Character.AI and Disney signed on 18 September. The filing includes it as an exhibit.
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