Lionsgate’s recent deal with Runway signifies a pivotal moment in the entertainment industry as they leverage AI for editing and production, aiming to save costs.
According to Michael Burns of Lionsgate, the AI tool they are developing collaboratively with Runway is expected to significantly reduce production costs, potentially saving 'millions and millions of dollars'.
The concern surrounding AI in Hollywood was evident during the 2023 strikes, with organizations like SAG-AFTRA emphasizing the need for protections against AI technologies.
While Runway's AI tools are still under development, the CEO Cristóbal Valenzuela anticipates having refined tools for creators available within a year.
Collection
[
|
...
]