Disney has agreed to hire at least 60 employees from the bankrupt chatbot startup Character.AI. The deal, structured as a stalking horse bid, includes a $20 million asset acquisition and estimated annual compensation of $60 million.
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Character.AI has filed for Chapter 11 bankruptcy, with Disney offering $20 million for a non-exclusive license to its technology. The sale process is expected to conclude by early December 2026.
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Disney named Adam Smith chairman of direct-to-consumer, overseeing Disney+ and Hulu, and a day later hired former Character.AI CEO Karandeep Anand for a newly created chief technology officer role.
