@FinanceYF5: 1/ AI film and TV accelerates: Nate Tepper announces TrueShort raises $12M to recruit next-gen filmmakers. Over the past 10 months, they've hit $3M annualized revenue, top 10 streaming app, and 5M+ minutes watched.
Summary
AI film company TrueShort announced $12 million in funding, plans to recruit a new generation of filmmakers. Over the past 10 months, it has achieved $3 million in annualized revenue, top 10 streaming app, and 5+ million minutes of watch time.
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1/ 🚀 AI Filmmaking Begins to Accelerate
Nate Tepper announced that TrueShort has raised $12 million to recruit the next generation of filmmakers.
In the past 10 months, they’ve already achieved $3 million in annualized revenue, Top 10 streaming app ranking, and over 5 million minutes of watch time. 👇 https://t.co/5K77LhuoWF
2/ A New Kind of Creative Company
Nate Tepper believes TrueShort is not a traditional film/TV studio, but more like a combination of Pixar and Netflix.
Creators, engineers, and marketing teams work together to produce and release original films and series at “the speed of imagination.”
3/ Creative Pods
They call their core production unit a Creative Pod.
Each pod consists of a Showrunner, an AI Filmmaker, and an Editor, responsible for story, shot generation, and final cut respectively.
Goal: each creative pod pushes out one series episode per week.
4/ The Next Netflix
While many worry AI will replace film/TV jobs, TrueShort is actually hiring more creators.
Nate Tepper’s vision is to build the next Netflix.
They want to find that young person who loves movies, is obsessed with storytelling, and is already making AI-generated content in their bedroom.
TrueShort:
That’s all, original author @NateTepper
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