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Stock impact report

Netflix and Warner Bros join Disney and Paramount in calling out ByteDance's latest AI platform [Los Angeles Times (CA)]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Some fans were using the new AI video generator, backed by ByteDance, to refashion the finales for shows like “Game of Thrones” and “Stranger Things.” Others created battle scenes between iconic superheroes like Wolverine and Superman or between a Transformer and Godzilla. As these Seedance videos amassed millions of views on social media, industry guilds like SAG-AFTRA and the Motion Picture Assn . have criticized the AI platform that was launched last week. Now, many major Hollywood studios are threatening to take legal action against ByteDance, the same Chinese parent that oversees TikTok. Netflix, Warner Bros. Discovery, Paramount and Disney have all sent individual cease and desist letters, detailing the unauthorized reproduction of each of the studios' copyrighted intellectual property. Netflix and Warner Bros. Discovery were the latest studios to send cease and desists letter to ByteDance on Tuesday. Netflix calls Seedance “a high-speed privacy engine” and says that th Show less Read more
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