The utmost 4 years in Hollywood had been a warning sign for an business that had spent the former decade as a boomtown of ingenious ambition. With the COVID-19 pandemic, manufacturing prices greater, theater attendance went down, and the bubble in any case break out. Feeling the squeeze, each the writers and actors went on strike utmost month, and the studios greatly decrease spending. Streaming’s front into the film and tv economic system had inexorably altered the way in which for all events to build cash. A do business in did in the end come to go, person who closely excited by safeguards environment AI.
Speaking to The New York Times for an extensive interview, Netflix co-CEO Ted Sarandos likened the adjustment to running with AI to how his world-beating streamer treated transferring its trade clear of DVD leases. He stated, “In periods of radical change in any industry, the legacy players generally have a challenge, which is they’re trying to protect their legacy businesses. We entered into a business in transition when we started mailing DVDs 25 years ago. We knew that physical media was not going to be the future.”
Tip-toeing across the chicken-and-the-egg argument with appreciates to Netflix’s impact on bodily media, Sarandos stated on occasion you’ve were given to shoot your darlings.
“We just didn’t spend any time trying to protect our DVD business,” he stated. “As it started to wane, we started to invest more and more in streaming. And we did that because we knew that that’s where the puck was going. At one point, our DVD business was driving all the profit of the business and a lot of the revenue, and we made a conscious decision to stop inviting the DVD employees to the company meeting. We were that rigid about where this thing was heading.”
On the subject of AI, Sarandos appears to be taking a fairly softer manner, however is not any much less invested in transition as he was once again later.
“I think that AI is a natural kind of advancement of things that are happening in the creative space today, anyway,” he stated. “Volume stages did not displace on-location shooting. Writers, directors, editors will use AI as a tool to do their jobs better and to do things more efficiently and more effectively.”
Asked whether AI will ultimately replace human creatives, Sarandos stated, “I have more faith in humans than that. I really do. I don’t believe that an AI program is going to write a better screenplay than a great writer, or is going to replace a great performance, or that we won’t be able to tell the difference. AI is not going to take your job. The person who uses AI well might take your job.”
