Disney's TikTok deal fills the gap left by scrapped $1 billion OpenAI video pact

Disney's TikTok deal lets creators make shorts from Marvel, Pixar, Star Wars and other properties, with clips on both platforms. It replaces a collapsed three-year OpenAI pact — including a planned $1 billion equity investment — to generate Disney-character videos via Sora, scrapped after OpenAI shut down Sora. Launch is set for the U.S. in coming months; terms undisclosed.