Hollywood studio Lionsgate has teamed up with AI company Runway to create a custom AI model designed to streamline film production and potentially save millions of dollars. The tool will initially focus on generating storyboards and assisting with backgrounds and special effects, with the ultimate goal of automating aspects of filmmaking.
Hollywood studio Lionsgate has contracted with an artificial intelligence company called Runway to develop a custom AI model to “save millions” in film production.
Lionsgate Vice Chairman Michael Burns reportedly said he feels the tool with save “millions and millions of dollars” in film pre-production costs. The AI company’s CEO, Cristóbal Valenzuela, says that its computer system is not powerful enough to generate actual movie scenes at this time, but that they are moving towards that goal down the line. Valenzuela added that the latest Gen-3 Alpha Turbo model is available via an API.
AI Filmmaking Lionsgate Runway Automation
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What Lionsgate’s Partnership AI Training Deal With Runway MeansFilm studio Lionsgate joining forces with AI firm Runway is a deal to build an AI model for filmmakers to use internally
Read more »
AI Video Generator Runway Partners With Major Hollywood StudioAI video company Runwway has announced a partnership with Lionsgate that will see a custom video model trained on the studio's catalog.
Read more »
'Hunger Games' studio Lionsgate to partner with AI company'Hunger Games' and 'John Wick' studio Lionsgate will partner with AI research company Runway to create and train an AI model that can be used to help augment Lionsgate's work.
Read more »
Lionsgate’s New Deal Is a Test of Hollywood’s Relationship With AIThe studio behind the “John Wick,” “Hunger Games,” and “Twilight” franchises just made a deal with an artificial intelligence startup to use its back catalog to build a custom AI model. It could be a tipping point.
Read more »
Lionsgate signs a deal with the devil (an AI startup)Sarah Fielding MS, is an acclaimed journalist focusing on mental health, social issues, and tech. At Engadget, she reports on tech news, whether it be a Twitter bot exposing gender pay gaps or a beloved classic game's revival.
Read more »
Lionsgate clearly seeking to alienate Hollywood creatives with A.I. partnershipArtificial Intelligence research firm Runway will create a new A.I. model 'customized on Lionsgate’s proprietary catalog'
Read more »