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Runway’s CEO says AI could help studios make dozens of films for the cost of one, betting volume will boost hit-making odds.
Cristóbal Valenzuela, the co-founder and CEO of AI video-generation startup Runway, now valued at north of $5 billion, may not be winning over more hearts and minds in the anti-AI, creative crowd with his recent comments about AI’s potential in Hollywood.
At Semafor World Economy this week, the AI executive suggested that studios should take the $100 million they spend on a single film and put it toward 50 films, in order to increase their output and their chances of getting a hit.