@FinanceYF5: Bloomberg: AI is driving a cost collapse in the animation industry. Hollywood filmmakers say the cost of producing animated features could drop by 90%, and studios, workers, and unions are preparing for a reduction in human jobs. Hollywood employment has already been under multiple pressures: strikes, fewer production projects, industry consolidation, and AI-driven business restructuring…
Summary
Bloomberg reports that AI is driving a significant drop in animation production costs, potentially by 90%. Hollywood studios, workers, and unions are facing pressure from the reduction of human jobs.
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Bloomberg: AI is driving a cost collapse in the animation industry. Hollywood filmmakers say the production cost of animated features could drop by 90%, and studios, practitioners, and unions are preparing for a reduction in human jobs.
Hollywood employment has already been under multiple pressures: strikes, fewer production projects, industry mergers and acquisitions, and AI-driven business restructuring. https://t.co/DJhTHAGnsb
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