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Disney+ looks to TikTok creators to bring fan content to its short-form video feed

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Disney is partnering with TikTok to bring Disney-focused fan content directly into the Disney+ app. The companies are starting with a pilot program in the U.S. in the coming months, and plan to expand to additional markets later on.

As part of the agreement, fan-made videos on TikTok about Pixar, Marvel and Star Wars will also be featured in the “Verts” section of Disney+, the streamer’s short-form video feed that rolled out a few months ago. 

Disney has been working to flesh out the amount and variety of content on the video feed. The company late last year committed to making a significant $1 billion investment in OpenAI as part of a three-year licensing deal that would let people create short videos using Disney characters on the AI lab’s video generation platform, Sora. However, those plans fell through after OpenAI suddenly decided to shut down Sora in March.

This partnership with TikTok seems like a natural progression of that, especially as many streaming platforms are competing with social platforms for users’ attention. This competition is partly why Disney launched the Verts feature in the first place, along with Netflix, HBO Max, and Prime Video

The deal also indicates that Disney is acknowledging that the next generation of talent is on social media. The company said that, through the newly launched Disney Creator Ambassador Program, TikTok creators will gain access to the media giant’s vast library of content, as well as opportunities to earn rewards, increase visibility, access exclusive events, and career opportunities. 

Other streaming services, such as Tubi and Peacock, have collaborated with TikTok creators to produce original long-form content for their platforms.

The timing of the announcement aligns with Disney’s Q3 results. The company reported its subscription video-on-demand (SVOD) operating income more than doubled to $712 million from $329 million a year earlier. Plus, in a restructuring move, Disney has decided to shift its consumer products business from the Experiences division to Studios.

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NAICOM Begins Issuance of New License Certificates to Recapitalised Firms

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BY NKECHI NAECHE-ESEZOBOR—National Insurance Commission (NAICOM), on Tuesday presented new Licence Certificates to insurance companies that successfully met the Commission’s new minimum capital requirements.

In his opening remarks, the Commissioner for Insurance (CFI) congratulated the successful companies and stated that the issuance of the new licences marks a significant milestone in the recapitalization programme.

He noted that the development signals the beginning of a new regulatory era focused on stronger capitalization, improved corporate governance, enhanced product innovation, and the Commission’s broader drive to build a stronger, more resilient, and globally competitive insurance industry in Nigeria.

The Commissioner urged the companies to leverage their enhanced capital base to drive innovation, develop new products, and deepen insurance penetration across the country.

He emphasized that the Commission has high expectations for professionalism, innovation, operational efficiency, and improved returns on investment, noting that the successful completion of the recapitalization programme positions the industry for the next phase of regulatory reform.

He further announced that the Commission’s next major regulatory initiative will be the implementation of the Risk-Based Capital (RBC) framework, under which insurers’ capital levels will be aligned with the risks inherent in their business portfolios.

The Commission reaffirmed its commitment to removing regulatory impediments where appropriate while maintaining robust oversight and enforcing standards that protect policyholders and strengthen market confidence.

A total of 43 insurance companies that were declared compliant with the new capital requirements are expected to receive their new licences from the Commission.

The issuance of the certificates marks the commencement of a phased transition to higher capital standards aimed at enhancing the financial capacity, solvency, and claims-paying ability of insurance operators in Nigeria.

The post NAICOM Begins Issuance of New License Certificates to Recapitalised Firms appeared first on Business Today NG.

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We’re not aware of Aiyedatiwa’s reconciliation committee – Ondo APC Elders 

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The crisis rocking the All Progressives Congress, APC, in Ondo State took a new twist on Wednesday when elders of the party disclosed that they were not aware of the reconciliation move of Governor Lucky Aiyedatiwa ahead of the 2027 general election.

The elders under the aegis of PBAT mandate forum, alleged that the governor is not sincere on reconciling all members of APC in the state.

The Chairman of the PBAT Mandate Elders Forum, Demola Ijabiyi, maintained that the commitment of the governor towards the reelection of President Bola Tinubu is in doubt due to what he described as his approach towards mobilising support for Tinubu and other candidates

He said “We have carefully observed the Governor’s various attempts to mobilise support for the re-election of President Bola Ahmed Tinubu. Unfortunately, these efforts have amounted largely to announcements without corresponding political impact.

“He has unveiled several support groups with considerable fanfare, only for them to fizzle out almost immediately after their launch. His Governor’s Advisory Council has remained largely dormant and ineffective, while his visible public engagement and leadership on the forthcoming elections have been strikingly inadequate.

“At a time when strong coordination, sustained grassroots mobilisation and energetic political leadership are required, the level of commitment and effectiveness demonstrated so far by him has fallen far short of expectations.

“Furthermore, it is no secret that the Governor is dissatisfied with the non-emergence of many of his preferred candidates for the National Assembly and with the reduction of his influence in the emergence of some State House of Assembly candidates.

“Recently, many party faithful were disturbed by reports and photographs showing the Governor hosting a prominent opposition senatorial candidate and allowing such images to enter the public domain.”

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