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Disney eliminates metaverse division in cost-cutting purge: report

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The metaverse is among the many first victims of Walt Disney Co.’s cost-cutting purge.

The Magic Kingdom is shutting down its next-generation storytelling and consumer-experiences unit, the small division that was growing metaverse methods, as a part of a plan to slash 7,000 jobs, in response to a Wall Road Journal report on Tuesday.

Disney…

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