Here’s my take :
I think AI will reduce film production cost quite significantly and it is possible that in couple of years, movies will be produced completely digitally, which means no Studio requirement, no need for stunts, Art Direction, Costume Designers, Set Designers and such.
Imagine having Digitally created lead actors depending on where the movie is being released without any additional cost, for example, Indian for indian audience, white for western audience. I think these tools will make entire movie just from the novel. Now we can watch War and Peace instead of reading that enormous piece of text, i.e. Book to Movie LLMs.
Having said that, these AI tools will eventually be used by VFX engineers only, as they know the right language to prompt these LLMs accurately. AI can only give you what you ask and know, it won’t help you with what you don’t know or need to know to do your job. I cannot make VFX for marvel movie even with these technologies.
So for companies like Phantom and Basilic, it means potentially their average revenue per user might go down but can be offset by large number of such projects coz producing movies will be cheaper, so any stoy, any novel can be created into a movie.
[Disclaimer : Invested in Basilic, no position in Phantom]
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