Apocalypse Now for the Movie Industry | Opinion
The article discusses how advancements in AI video technology could drastically reduce the cost of producing motion pictures, potentially disrupting the traditional film industry. While some view this shift as a threat to jobs and the current Hollywood model, the author suggests that AI-generated films are arriving sooner than expected and could offer benefits for both audiences and creators. The piece highlights the many costly components of conventional film production and contrasts them with the emerging potential of AI to replicate or replace these elements at minimal expense.
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By Tom RogersEditor-at-Large for Newsweek ShareNewsweek is a Trust Project memberSee more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.When the enormously impactful and celebrated movie Apocalypse Now was produced in 1979, its budget was about $31.5 million. In today’s money, that’s about $140 million. While certainly not cheap, production budgets for major theatrical releases today often run in the $200-300 million range, and some production budgets are even higher.
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