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Wajeeh Khan

DIS Stock Alert: What to Know as Disney Creates First-Ever Chief Technology Officer Role

DIS Disney

Disney (DIS) stock is in focus on Monday after the entertainment giant said it has appointed former Character.AI chief executive Karandeep Anand as its first-ever chief technology officer (CTO). Starting Oct. 2, Anand will oversee the conglomerate’s enterprise technology, infrastructure, engineering, data, and artificial intelligence (AI) platforms divisions to centralize its digital and streaming ecosystem.

At the time of writing, Disney shares are down about 8% versus the start of this year.

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