In a lawsuit filed Wednesday in a Los Angeles federal court, entertainment giants Disney and Comcast’s Universal have teamed up to take on Midjourney, the generative AI image platform, accusing it of copyright infringement on a massive scale.

Ticker: Disney to pay almost $439M for Hulu; World Bank sharply downgrades global economic growth forecast to 2.3%

Bob Iger positioned Disney's linear networks as an advantage over rivals like WBD and Comcast/NBCU that are spinning off their cable TV assets.

"These spinoff companies won't have the assets from a streaming perspective that we will have. I think that gives us an advantage," Bob Iger told CNBC Tuesday