OpenAI’s new tool, Sora, which turns text into high-quality videos, could shake up how movies and shows are made in Hollywood. Sora employs a neural network trained on video examples to transform written scene descriptions into high-definition video clips of up to 60 seconds. Its ability...
Amid millions lost in box office receipts and production costs due to the coronavirus pandemic, Hollywood studios are now aiming to collect on their insurance policies. Allianz, in one case, notes it sees a rise in claims while studios have needed to put a stop...
The U.S. Department of Justice (DOJ) will request the end of a ban that prohibits Hollywood studios from owning movie theaters. The 70-year-old antitrust settlement, known as the Paramount Consent Decrees, no longer serves the public interest. In a speech on Monday (Nov. 18), Makan...
The Oscars have become one of Hollywood’s most glamorous events over the past nearly nine decades, with stars spending millions on red carpet ensembles and companies shelling out just as much to score an advertising spot or a little real estate inside the event’s extravagant...
April 18, 2017
From selfie authentication to finance tools that respond to emojis to computer-generated avatars that look and act like real people, new technological tools are giving digital banking a makeover. The April PYMNTS Digital Banking Tracker™ looks at the various ways technology is changing the digital banking landscape. Banking Gets New Tools, New Players Banks and […]
March 22, 2024
OpenAI is reportedly working to promote the integration of its unreleased artificial intelligence (AI) text-to-video model, Sora, into film production. The company is scheduling meetings with Hollywood studios, media executives and talent agencies in Los Angeles to foster partnerships, Bloomberg reported Friday (March 22). The meetings are part of a broader outreach initiative by OpenAI, […]
April 09, 2020
Amid millions lost in box office receipts and production costs due to the coronavirus pandemic, Hollywood studios are now aiming to collect on their insurance policies. Allianz, in one case,...
November 19, 2019
The U.S. Department of Justice (DOJ) will request the end of a ban that prohibits Hollywood studios from owning movie theaters. The 70-year-old antitrust settlement, known as the Paramount Consent...
February 15, 2017
Dreamscape Immersive, a new virtual reality technology startup, is looking to find growth and opportunity in the film and entertainment industry. The company has already raised $11 million in funding...
