Tech

Ex-Disney CEO Bob Iger enters the metaverse through Genie’s investment

Former Disney CEO and Chairman Bob Iger joins the Metaverse.

Iger, who left Disney last year after 16 years, is investing and joining the board of Metaverse startup Genies, the company said Monday.

The Los Angeles-based geniuses, who are popular with A-listers like Rihanna, Lil Nas X and Jennifer Lopez, said they own 99% of the celebrity avatar market share and have Universal Music Group and Warner Music Group as clients , for which they also work, manufactures NFTs or non-fungible tokens.

Genies said Iger will help him “fulfill his mission of empowering people to create their own avatar ecosystems” by incorporating avatar clothing lines and other avatar experiences.

“I have always been drawn to the intersection of technology and art, and Genies offers unique and compelling ways to harness the power of this combination to enable new forms of creativity, expression and communication,” said Iger.

An avatar of Bob Iger
An avatar of Bob Iger who recently invested in Genies and joined the board.
Courtesy of Genies

Iger was Disney’s CEO from 2005 to 2020 and stepped down as chairman last year. His investment in Genies marks his first step public.

Genies said it has raised $100 million so far from venture capital investor Mary Meeker’s firm Bond and Brayer Capital.

“We believe that avatar ecosystems will be web3’s mobile apps. Ambitious vision requires a rare shared mindset, and I can’t think of a better creative and product-centric thinker than Bob to work with to make this all a reality,” said Akash Nigam, co-founder and CEO of Genies.

Bob Iger
Iger was Disney’s CEO from 2005 to 2020 and stepped down as chairman last year. His investment in Genies marks his first step public.
Rodin Eckerroth

Genies’ board of directors currently includes Nigam, Genies co-founder Evan Rosenbaum, Mary Meeker, general partner and founder of venture capital firm Bond, and Rick Yang, general partner and head of consumer division at NEA

https://nypost.com/2022/03/14/ex-disney-ceo-bob-iger-enters-the-metaverse-via-genies-investment/ Ex-Disney CEO Bob Iger enters the metaverse through Genie’s investment

JACLYN DIAZ

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