Apocalypse Now for the Movie Industry | Opinion
Summary
The costs of making big movies have risen to hundreds of millions of dollars, involving many people and expensive equipment. New AI video tools could soon allow high-quality movies to be made at very low costs, which could change the movie industry dramatically and impact jobs.Key Facts
- The 1979 movie Apocalypse Now cost about $31.5 million, equivalent to $140 million today.
- Today, major movies often cost $200–300 million or more to produce.
- Movie production involves many costs like actor salaries, crews, equipment, sets, costumes, and postproduction.
- AI video tools are advancing and may soon be able to create full-length movies at very low costs.
- This shift could disrupt the traditional film industry and threaten jobs in production unions and guilds.
- Film production unions are working to establish rules to protect workers from negative effects of AI.
- AI can offer benefits in other areas, like faster scientific discovery, but also raises concerns about safety and employment.
- The internet made it easier for individuals to publish content; AI might similarly change who can make movies.
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