Character.AI files Chapter 11, agrees to $20 million Disney asset sale
Character.AI says it filed for Chapter 11 in the US and reached a $20 million agreement with Walt Disney for some assets while operations continue.
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what happened
According to Newsmetry API, Character.AI said on Monday that it had sought Chapter 11 bankruptcy protection in the US. The company also reached a deal under which Walt Disney will acquire some of its assets for $20 million.
The AI entertainment platform said it plans to remain operational while the transaction is completed.
why it matters
The report links Character.AI’s restructuring process with an asset transaction involving Walt Disney. For markets, it adds a new detail to the assessment of Disney’s position in AI-based entertainment.
instruments
sources
- Character.AI files for bankruptcy, agrees to sell some assets to Disney for $20 million — Newsmetry API, 13 October 2026 at 04:15 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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