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The standoff between Anthropic and the Pentagon has forced the tech industry to once again grapple with the question of how its products are used for war – and what lines it will not cross. Amid Silicon Valley’s rightward shift under Donald Trump and the signing of lucrative defense contracts, big tech’s answer is looking very different than it did even less than a decade ago.Anthropic’s feud with the Trump administration escalated three days ago as the AI firm sued the Department of Defense, claiming that ...

Core Insights - The Hollywood film industry is experiencing a significant decline, with production days in Los Angeles dropping from 36,792 in 2022 to 19,694 in 2025, and a loss of approximately 41,000 workers from 2022 to 2024 [3][4][5] Industry Overview - None of the 10 nominated films for the Best Picture Oscar were produced in Hollywood, indicating a shift in production locations [2] - The industry's most influential figure is now Ted Sarandos, co-CEO of Netflix, rather than traditional studio heads [3][28] - The acquisition of Warner Bros. Discovery by David Ellison is expected to lead to significant cost cuts and layoffs, further impacting the industry [4] Economic Impact - The U.S. film and television export revenue exceeds $20 billion annually, but this is overshadowed by other exports like oil and machinery [5] - Hollywood's status as a leading industry cluster is deteriorating, with the concentration of talent and resources being disrupted [6][30] Technological Disruption - The rise of streaming services, particularly Netflix, has transformed the business model of Hollywood, leading to fewer traditional jobs and a decline in the quality of content produced [10][15][20] - The introduction of AI in filmmaking poses a threat to traditional roles within the industry [5][13] Changing Production Dynamics - The streaming era has resulted in fewer episodes per show, diminishing job security for writers and other creatives [11][12] - Many industry professionals are leaving Los Angeles for more affordable locations, impacting the local talent pool [26][29] Future Outlook - The shift towards user-generated content and platforms like TikTok and YouTube is changing consumer behavior, potentially diminishing the relevance of traditional Hollywood productions [33][34] - The Oscars will transition from traditional broadcasting to YouTube by 2029, reflecting changing consumption patterns [34]

Ben Affleck—who has previously warned about the risks artificial intelligence poses to Hollywood—has sold his own AI filmmaking startup to Netflix in a deal that could reach $600 million, according to Bloomberg.The cash portion of the acquisition is smaller, with additional payments tied to performance targets, but it still ranks among the largest AI-focused deals by a major studio.The startup, InterPositive, developed software designed to help directors edit footage after filming, such as removing stray ob ...

Netflix confirmed on Thursday that a sequel to "KPop Demon Hunters," the streaming platform's most watched film of all time, is officially in development. ...

Welcome back to Market on Close. I'm Marley Caden here in Chicago alongside Sam Vadis at the New York Stock Exchange. Here's some final thoughts on the session today.You know, as I take a closer look at some of the stories that stuck out to me, I tried to move away from the ones that we've talked about throughout the day and highlight some other ones. Uh Lucid making a push into autonomous ride hailing, unveiling a new robo taxi concept at its investor day as the EV maker looks for new growth opportunities. ...

Netflix will make a sequel to the 2025 animated musical film KPop Demon Hunters, the company said Thursday in a post on X. https://t.co/XXm8vpaISy ...

Netflix will pay as much as $600 million for InterPositive, the AI moviemaking company founded by Ben Affleck, according to people familiar with the matter. Bloomberg’s Lucas Shaw discusses why the streaming giant made the purchase and how the technology works. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” -------- Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of "Bloomberg Technology" with C ...

a big payday for a company that nobody even knew existed really until Netflix announced this deal. You know, Ben Affleck had been out there giving some really interesting public statements on AI, but it seemed just as sort of a curious filmmaker, not as someone who'd started his own company. It's useful on a couple of fronts.One is this is an AI company that is founded by a filmmaker. It's for filmmakers. And if you listen to Ben Affleck talk, you know, they don't um they don't train on a bunch of existing ...

a big payday for a company that nobody even knew existed really until Netflix announced this deal. You know, Ben Affleck had been out there giving some really interesting public statements on AI, but it seemed just as sort of a curious filmmaker, not as someone who'd started his own company. It's useful on a couple of fronts.One is this is an AI company that is founded by a filmmaker. It's for filmmakers. And if you listen to Ben Affleck talk, you know, they don't um they don't train on a bunch of existing ...