They have to consider China. Right now Z-Image Turbo lets you render stills of any popular cartoon character you like, at frankly-disturbing levels of quality, doing almost anything you like. That's a relatively-tiny 6G-parameter model. If and when a WAN 2.2-level video model is released with a comparable lack of censorship, that will be the end of Disney's monopoly on pretty much any character IP.

Also, notice how Disney jumped all over Gemini's case before the ink was dry on the OpenAI partnership agreement. My guess is that Altman is just using Disney to attack his competitors, basically the 'two' part of a one-two punch that began by buying up a large portion of the world's RAM capacity for no valid business reason.