Studios must diverge from the current economics of streaming, and writers must understand future regulation of AI use is impractical.
The Hollywood writers’ strike has no resolution in sight. In July, SAG-AFTRA launched a simultaneous and much-publicized strike of its own. The stakes are historically high since any successful agreement will define a new era of Hollywood, an industry that has already been disrupted by the streaming business model and on the verge of the facing negative or positive impact of artificial intelligence .
Compared to paying the individual price for one movie or TV show, a membership to a single streaming platform allows limitless viewing — we can watch anything, anywhere all at once with a small monthly subscription. This would have been unimaginable only a few years ago, but it is now a boon and ingrained in the viewer experience.
On the other side, writers want to be paid more and limit the use of AI. As Bo Goldman — screenwriter and two-time Oscar winner who passed away earlier this year — once said about screenwriting: “…it is a yearning, a longing to make the people real and capture their lives on the screen… capturing life in art like trying to catch starlight.”
“ AI has the potential to increase any writer’s individual and group productivity, but it will not replace them. ”
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