Good Thursday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kintanilla and David Faber.

We are live, as always, from post nine of the New York Stock Exchange. Big interview coming your way in just a few minutes.

Disney CEO, Bob Eiger, Open AI CEO, Sam Altman. Join us exclusively to talk about the breaking news this morning around a content and investment deal between those two companies.

Plus, the latest on this

big pullback for Oracle that's weighing on the whole tech space today. Stocks down 15%. And media

investor Mario Cabelli will be with us to talk about the drama surrounding Warner Brothers

and this flood of news in the media world. He can talk about all of it, owns Oracle too. But

David, let's start with Disney. Open AI News, you broke this morning. Just bring us up to speed. Yeah, listen,

obviously the news is out. It's a three-year deal between the two companies. It's going to make

more than 200 characters, Disney characters. And of course, we're talking about a wide variety

of those people, not just the cartoons that many of us remember from our youth,

but the Star Wars characters, Marvell characters, The Simpsons, you go on and on from there.

And you can imagine, of course, there's always been an IP issue here in terms of the use of those characters

on short-form video players such as Sora, where Disney's not getting anything from it.

And in fact, concurrently with this news today, they are also issuing a cease-and-diss letter to Google

for that very practice, the use of many of those Disney characters in a fashion in which they're

not getting compensated.

And they say, hey, you've got to stop your users from using these

different characters. What does it all mean? Well, on SORRA, you're going to be able to use,

not the voice, but certainly the image of so many of these characters. And in fact, there is

an opportunity now for Disney Plus to use some of what is created on its own platform. The deal

also will involve an exchange of a billion dollars from Disney in an investment into OpenA.I.

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