Cristobal Valenzuela, CEO of Runway, discusses the groundbreaking use of AI in Hollywood, focusing on its partnership with Lionsgate to enhance storytelling and production. Anjali Sud, CEO of Tubi, shares insights on the surge of ad-supported streaming, catering to viewers looking for free content. Mike Morhaime, co-founder of Blizzard, unveils Dreamhaven's upcoming game, emphasizing accessibility and innovation. The conversation highlights how technology reshapes both film and gaming experiences, revealing exciting transformations in entertainment.
AI is revolutionizing Hollywood filmmaking, making processes like storyboarding more efficient while preserving artistic integrity, according to Runway's CEO.
Tubi's success in free content streaming illustrates a significant shift in viewer preferences, as it expands both domestically and internationally.
Deep dives
The Rise of AI in the Stock Market
Artificial intelligence is increasingly recognized as a dominant force in the stock market, attracting the attention of investors. Despite many leading AI companies being privately held, there are still opportunities for investors to engage with this long-term trend. Investors are encouraged to identify ways to integrate AI into their investment strategies to capitalize on this significant technological shift. Understanding the implications of AI's growing influence is essential for making informed investment decisions in a rapidly changing market landscape.
Insights from Live Nation's CEO
Live Nation's CEO, Michael Rapinoe, provided candid insights into the concert promotion industry and the challenges posed by ongoing legal scrutiny. He emphasized the company's dominance in the market, claiming that they are the largest concert promoter and ticket seller globally. Rapinoe discussed the difficulties faced with Ticketmaster, specifically in relation to consumer frustrations and potential regulatory actions that may require them to divest from Ticketmaster. His optimistic outlook suggested that, while they face legal pressures, they believe the Department of Justice lacks a true understanding of the music industry.
AI's Role in Revolutionizing Filmmaking
Runway, a company collaborating with Lionsgate Studios, aims to integrate AI into filmmaking to streamline production processes. The Runway CEO, Cristobal Valenzuela, highlighted how AI technology can assist filmmakers in tasks like storyboarding and visual effects, making the filming process more efficient and cost-effective. By normalizing AI as a tool rather than a replacement for human creativity, there is potential for filmmakers to enhance storytelling without compromising artistic integrity. Emphasizing education and user adaptability, Runway seeks to maximize the dual use of AI in the creative process.
Emerging Trends in Streaming and Content Creation
Tubi, an ad-supported streaming platform, is capitalizing on the growing demand for free content among viewers, particularly those who prefer not to subscribe to traditional cable services. Tubi's CEO, Anjali Sood, noted the platform's success in attracting audiences by offering a vast library of movies and TV shows without direct costs to viewers. She emphasized a unique strategy of producing original content while ensuring accessibility and engagement through a user-friendly platform. As Tubi prepares to enter international markets, it aims to replicate its successful model and continue to expand its viewer base.
Bloomberg's Caroline Hyde and Ed Ludlow are live in LA for Bloomberg Screentime 2024, speaking with celebrities, entrepreneurs and moguls across the media landscape. Runway CEO Cristobal Valenzuela discusses using AI in actual Hollywood filmmaking as they team up with Lionsgate; Tubi CEO Anjali Sud talks about the rise of free content streaming; and Blizzard co-founder Mike Morhaime announces his new game studio Dreamhaven's very first game.