A24 is deepening its move into production technology, striking a new artificial intelligence research partnership with Google that will pair the indie studio with DeepMind to develop AI-powered tools for filmmakers. The pact is tied to an investment of roughly $75 million from Google, according to The Wall Street Journal, a figure in line with […]
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In Hollywood, fears about AI have been widespread among striking actors and writers. But the alarm may be misplaced. “It’s important to understand that technology always augments humans, and the story of Hollywood has been marred by moments like this before,” Cristóbal Valenzuela, CEO of AI video company Runway, said at the Yahoo Finance Invest conference on Tuesday. […]
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Good news for the Illinois production community – from 2021 to 2022, the state saw increases in U.S. Scripted Television series distributed, U.S. Scripted Streaming Television series distributed, and remained even in U.S. Scripted Cable Television series distributed. FilmLA Research unveiled a groundbreaking report that analyzes U.S.-produced, first-run, English-language scripted projects distributed in the years 2021 and […]
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The entertainment industry is experiencing a significant transformation with the infusion of artificial intelligence (AI) technologies. In recent years, venture capitalists (VCs) and private equity firms have invested millions in startups that leverage AI to revolutionize film and TV production. These companies aim to reduce production costs and streamline the creation of special effects. From […]
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Film Development Council of the Philippines (FDCP) has tweaked its incentive schemes for both international co-productions and offshore production, with the latter cash rebate being increased to 25% with the addition of a cultural bonus. Philippines currently offers a 20% incentive through its Film Location Incentive Program (FLIP), which is now being augmented with the 5% […]
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The Irish government set out its 2024 budget today, which included a surprise shift to the country’s tax incentive structure. Irish Film and TV productions are now able to claim the country’s 32% tax break on eligible expenditure up to €125m, raised from €70m. Screen Ireland, the national agency for the Irish screen industry, welcomed the […]
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Marvel Studios is set to overhaul the way it produces television following a number of creative misfires and criticism of its shows according to THR. Along with breaking the news about the full reset of their “Daredevil: Born Again” series this morning, the trade reports that the company is now moving to make TV shows in […]
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Representatives of Georgia’s film and television industry gathered in Athens last week to urge state legislators to keep the generous tax credit that’s turned the screen sector into a multi-billion-dollar business. Lawmakers are considering paring back the 20–30% tax credit, implemented in 2008, because they are worried the state is losing out on hundreds of […]
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Warner Bros. Discovery has announced plans for a major expansion of the UK studios where “Barbie” — its biggest movie of all time — was filmed. The expansion will increase the production capacity at the studios in the Leavesden area, on the outskirts of London, by more than 50%. The investment is expected to create 4,000 “direct […]
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