Runway CEO says AI could help Hollywood make 50 films instead of one $100M blockbuster
AI-summarised brief · reviewed before publication
Runway CEO Cristóbal Valenzuela suggests studios should allocate $100 million to produce 50 films instead of one, increasing output and chances of success. He believes AI can help the industry, making it a numbers game. Valenzuela's comments come as Runway, valued at over $5 billion, works with studios to reduce production costs using AI, with examples like the $70 million "Bitcoin: Killing Satoshi" movie, which cut costs from $300 million.