The Metaverse Division was created to find new ways to engage Disney’s audience. Entertainment giant Disney has pulled out of its metaverse division in which the company cut $5.5 billion in operating costs and laid off 7,000 staff. About 50 members of the Metaverse division will be laid off with no new employment contracts except for Michael White, who led the broader consumer products unit. It is believed that the division of the metaverse was made in an effort to find new ways for Disney audiences to engage with its stories. Disney also filed a patent for a “virtual-world simulator”
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