RE: Hollywood Feeling More Pain

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RE: Hollywood Feeling More Pain

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jammyjtr in LeoFinance • 5 months ago

Honestly; I'm a little bit confused on some key points, I get the media fragmentation but have a little rough time understanding the movie creation process.

Hollywood create movies, same goes for normal content creates but the list of actors and themes are quite limited for individual content creators, I don't see how AI upsets that and put Hollywood out for good, I do get it will reduce their earnings but it will compensate them by reducing cost of production.

What about the issue of copyright, not everyone will be allowed to use certain items which are essentials for movie, cost must be involved, AI doesn't upset that, Hollywood and other movie studios will still be needed to handle this, I believe their activities is being revolutionarised but it's somewhat still needed.

I'm I wrong, I need more light ?

5 months ago in LeoFinance by jammyjtr

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taskmaster4450le 5 months ago

What do you watch during the day that doesnt have Hollywood actors in it? Are there Youtube videos that is different.

For example, what about animation films. Have you seen the first iteration of what is taking place with AI? Why is that only now relegated to the Hollywood studios? There are companies popping up all over the place that are starting to make them. That will pull even more revenues.

There was a time when newspapers dominated the print media. Now, where are they? How often do you get news from elsewhere? I would say most of the time.

The same disruption process exists, it just took longer for video. It is a more difficult medium.

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jammyjtr 5 months ago

I think Hollywood will lose a lot of its market such as the animation films, but will maintain actual humanlike movies.

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taskmaster4450le 5 months ago

Why do you think they will maintain that? Arent we seeing films arising from other areas?

And how are these studios going to survive? Did you see the write down that Warner Bros took? $11B.

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jammyjtr 5 months ago

Yes, I just read it and it was associated to the loss of NBA streaming rights to amazon and advertising as a whole, in my opinion I believe Hollywood will be valued for the following reasons after losing a huge market capitalization;

They're still needed in movies not animations or skits
Big budget production that AI being involved will not be covered.
I really do hope you get my point.

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taskmaster4450le 5 months ago

I get it but I disagree. My view is you do not grasp technological trends. The write down was because their media properties are becoming worthless. Right now it is centered in television. If TV networks can go that way, why think production of films will now follow a similar pattern.

And you do realize the future of video is not one to many (meaning one video for many). Much of it will be one to one.

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jammyjtr 5 months ago

Honestly this concept your sharing is new to me, I will look more into it, to fully understand.

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