This is no AI illusion. A perfect storm appears to be gathering around the world of generative artificial intelligence that promises to have profound effects on how Hollywood does business. In fact, there’s a fair chance that the generative AI revolution will have a bigger impact on Hollywood from a business and ownership standpoint, even before the technology itself can transform the making of movies and TV shows.
Source: Big Tech Is Under Pressure From Emerging AI Giants. How Will This Change Hollywood?


Meta Platforms has held discussions in recent months with a number of media companies, including Axel Springer, Fox Corp. and News Corp, about licensing their articles for use in its artificial-intelligence tools. Meta, parent of Facebook and Instagram, offers a range of AI-powered products, including a variety of chatbots. Its conversations with media companies have focused on licensing news and other content for use across those products, according to people familiar with the matter.




