Paramount Skydance's CEO says AI could cut film costs and bring more original stories, but the claim is a forecast, and the details are not yet public.
The head of Paramount Skydance says AI will change movies more than computer-generated effects did. On the company's latest earnings call, CEO David Ellison said "it's hard to imagine" AI won't have a bigger impact on film than CGI.
Ellison called AI the "biggest creative unlock in modern history." He pointed to the early 1990s, when CGI and digital composites helped make Jurassic Park and Terminator 2. He sees AI as the next change of that size.
He gave a cost example. Terminator cost $4 million to make. A shot-for-shot remake today would cost $60 to 70 million. Ellison said AI tools could make budgets "more digestible," so studios can take bigger risks on original stories.
He also said Paramount Skydance has been building its own AI tools. In his words, content will be easier to produce and projects will speed up. He added that AI is a tool for artists and "will never be a replacement for them." And he said there will always be a premium for hand-crafted storytelling.
Ellison did not say which tools the company is building, which projects will use them, or when. He gave no detail on how jobs might change. For viewers, the promise is more original films and shows if costs fall. For now, that is a studio boss's forecast, not a result.
A major studio CEO expects AI to cut film costs and open the door to riskier, original projects, but no specifics or timeline have been shared.
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