From RuntimeWire · RuntimeWire · · 50s
Disney Pays $180M for Character.AI Staff
Disney's $180 million workforce package for Character.AI employees dwarfs the $20 million tech license bid in bankruptcy sale.
In brief
Disney's $180 million workforce package for Character.AI employees dwarfs the $20 million tech license bid in bankruptcy sale. Disney will spend $180 million over three years to retain 65 Character.AI employees during the startup's court-supervised bankruptcy sale. Originally reported by RuntimeWire.
Disney's $180M Pay Package
Disney expects to spend about $180 million over three years on compensation and retention for roughly 65 Character.AI employees it has hired.
Character.AI Gets $20M License Bid
The bankrupt startup would receive $20 million for a separate license to selected technology and intellectual property.
Court Filing Shows Split
The terms, described in a court filing, make the split unusually clear: Disney is paying far more for the people than for the company they are leaving.
The bottom line
Disney will spend $180 million over three years to retain 65 Character.AI employees during the startup's court-supervised bankruptcy sale.
