Paramount Skydance CEO David Ellison: AI could become the greatest creative unlock in modern history

Paramount Skydance CEO David Ellison told investors at an earnings call that AI's impact on the film industry could surpass CGI, marking a"the greatest creative breakthrough in modern history,"Citing Terminator as an example, he noted that a $4 million production budget in the past now requires $60 to $70 million. He believes AI can help reduce costs and free up space for original storytelling, while noting his company is developing its own AI tools."will never replace"artists.