Alphabet, Meta Engage Hollywood Studios in Major AI Video Licensing Deals [Yahoo! Finance]
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Source: Yahoo! Finance
These companies are developing technology to create realistic scenes from text prompts and have offered substantial sums to partner with studios. Peer Microsoft Corp (NASDAQ: MSFT ) backed OpenAI is engaged in similar talks, Bloomberg reports Hollywood studios want to use AI to cut costs but ensure their work isn't misused. They are cautious about licensing content without control over its use. Recently, Scarlett Johansson demanded that OpenAI stop using a voice resembling hers for its chatbot. On Wednesday, News Corp (NASDAQ: NWS ) (NASDAQ: NWSA ) agreed to let OpenAI use content from its publications in a deal potentially worth over $250 million over five years. Warner Bros. Discovery Inc (NASDAQ: WBD ) is open to licensing specific programs but not its entire library. Walt Disney Co (NYSE: DIS ) and Netflix Inc (NASDAQ: NFLX ) are interested in other collaborations but not licensing their content. New AI tools, like OpenAI's Sora and Alphabet's Veo, promise to help fil
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