logo
DreamWorks co-founder Katzenberg likens AI to CGI revolution

DreamWorks co-founder Katzenberg likens AI to CGI revolution

Axiosa day ago

Hollywood giant Jeffrey Katzenberg at Axios' AI+ Summit Wednesday likened the arrival of artificial intelligence to the advent of computer graphics in the 1990s, which revolutionized animation.
The big picture: Whether Hollywood overcomes its unease to eventually embrace AI could be a bellwether for the technology's impact on other industries and on jobs.
The dispute over AI was central to the 2023 writers strike, which ended with an agreement that included landmark rules on AI in projects.
Zoom out: Katzenberg, a co-founder of DreamWorks and one-time Disney executive whose work includes films like "Shrek," reflected on the "huge" resistance to making "Toy Story" with the then-novel CGI technology.
The people most afraid were the ones who would be disrupted, he said.
"Everything that you are hearing today are the issues that we had to deal with," he said.
Katzenberg continued, "Yes, there was disruption, but animation's never, ever been bigger than it is today."
The bottom line: "AI isn't going to replace people, it's going to replace people that don't use AI," he said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Casino Tycoon Lawrence Ho's SPAC Swings Wildly After Merger With ‘Media And Entertainment Group'
Casino Tycoon Lawrence Ho's SPAC Swings Wildly After Merger With ‘Media And Entertainment Group'

Forbes

time6 minutes ago

  • Forbes

Casino Tycoon Lawrence Ho's SPAC Swings Wildly After Merger With ‘Media And Entertainment Group'

Lawrence Ho, chairman and CEO of casino giant Melco International Development. A special purpose acquisition company backed by casino magnate Lawrence Ho completed its merger with an obscure media and entertainment company, whose stock was on a roller-coaster ride during its New York Stock Exchange debut on Thursday. Shares of France-based the Generation Essentials Group (TGE) skyrocketed as much as 234% on their first day of trading after the de-SPAC. The company closed flat at $10.04 on Thursday, reaching a market cap of $533 million. TGE merged with Black Spade Acquisition II, a blank-check company formed by Ho's Hong Kong-based family office Black Spade Capital, at an equity value of $488 million and enterprise value of $892 million. It came nearly a year after Ho listed Black Spade Acquisition II, raising $150 million with the aim to combine with a company in the entertainment, lifestyle or technology sectors that benefits from AI. TGE is a subsidiary of AMTD Digital, which briefly became the world's hottest stock after it went public on the New York Stock Exchange in 2022. At the time, AMTD Digital founder Calvin Choi, a well-connected Hong Kong financier, amassed a paper fortune of as much as $37 billion in less than a month after AMTD Digital's listing. Shares of AMTD Digital have since plunged more than 99% from its peak in August 2022. Lawrence Ho (middle) and Calvin Choi (middle right), founder of AMTD Digital and the Generation Essentials Group. Formerly known as World Media and Entertainment Universal, TGE says it operates as a 'global media and entertainment ecosystem covering high fashion, arts, lifestyle, cultural, entertainment as well as F&B.' The company runs media outlets including the L'Officiel fashion magazine (acquired in 2022) and the Art Newspaper (acquired in 2023), produces Chinese-language movies with a combined gross box office it says reached more than $400 million, and operates two hotels—one in Hong Kong and the other in Singapore. TGE's biggest revenue contributor in 2024 was its 'strategic investments,' which included the stocks of Bank of Qingdao, Guangzhou Rural Commercial Bank and its parent AMTD Digital, as well as film investments. The company reported an 81% jump in revenue to $77 million last year, with 45% coming from those investments, followed by hospitality and media advertising. Its net profit more than doubled to $44.7 million during the period, mainly due to the disposal of some non-core businesses. A Black Spade Capital spokesperson said there're 'strong synergies' between TGE and Ho's entertainment and hospitality empire. 'We are actively exploring new ideas and collaborations to enhance value on both sides,' the spokesperson said in an email response. 'With TGE's hardworking team and innovative spirit, and now a solid capital raising platform, we are confident they will reach the next level and become a leading global force in media, fashion, and art.' Ho, chairman and CEO of casino giant Melco International Development, is a son of late casino legend Stanley Ho. In 2021, he listed his first SPAC in the U.S., raising $169 million. Two years later, that blank-check company completed a $23 billion business combination with VinFast Auto, Vietnam's electric-vehicle maker controlled by the country's richest person Pham Nhat Vuong. VinFast saw its stock inexplicably skyrocketed to a peak market cap of $190 billion in August 2023. Its shares have since then plummeted more than 95% from its peak.

How this S.F. company's $100 million gamble made ‘Lilo & Stitch' one of Disney's biggest hits
How this S.F. company's $100 million gamble made ‘Lilo & Stitch' one of Disney's biggest hits

San Francisco Chronicle​

timean hour ago

  • San Francisco Chronicle​

How this S.F. company's $100 million gamble made ‘Lilo & Stitch' one of Disney's biggest hits

There's an old Hollywood adage, attributed to comedian W.C. Fields, that advises filmmakers and actors never to work with children or animals. Good thing the makers of the new live-action ' Lilo & Stitch ' didn't listen to such nonsense. In the less than two weeks since its release, the Disney film is one of the most beloved of the year, pulling in more than $600 million at the global box office. It is already the second-biggest Hollywood release of 2025, and has a good shot at supplanting ' A Minecraft Movie ' ($947 million) as the top earner. Obviously, one of the reasons it has become one of Disney's most successful live-action remakes is audiences' warm memories of the 2002 animated film. But a major factor is the undeniable chemistry between 6-year-old Maia Kealoha, who plays Lilo, and the beautifully realized 2025 version of Stitich, the tiny irrepressible alien who lands in Hawaii and becomes Lilo's chaotic companion. The secret to developing that relationship was spearheaded by Industrial Light & Magic, based at the Presidio in San Francisco. As the visual effects team was grappling with how to turn the 2D animated version into a fully fleshed-out CGI character, a crucial decision was made: to aid the-yet-to-be-cast child actress who would play Lilo, the $100 million production would use animatronic puppets to interact with her and serve as a visual guide for the VFX team. 'They immediately had a bond,' animation supervisor Matthew Shumway said during a recent Chronicle visit to ILM. 'Every day there would be cute moments on the set. It was really important to let (Maia) have a friend on set. It was really cute to see how black (Stitich's) nose was by the end of production; it was pretty rubbed off because she kissed it so much.' Shumway, who filmed test footage with his own 6-year-old daughter before Maia was cast, and visual effects supervisor Craig Hammack turned to Legacy Effects, a Los Angeles company that specializes in animatronic puppets (Grogu of ' The Mandalorian '), to create a series of Stitch puppets, including one suited for underwater scenes. Hayes called the child's performance 'huge.' 'A 6-year-old girl, a lot on her shoulders, and there's only one of her, you know?' Hayes said. 'She nailed the character, and she was very professional, and very impressive.' Hammack, a two-time Oscar nominee as visual effects supervisor on ' Deepwater Horizon ' (2017) and ' Black Panther: Wakanda Forever ' (2022), agreed. 'Maia was phenomenal — very honest, very focused,' he said. 'It didn't feel like (the production) was being tailored to a child in that everything was able to stay on track and very productive for the time we had with her.' Because Lilo first thinks Stitch is a dog, some of the character's movements were dog-like. In those scenes, a French Bulldog named Dale stood in for Stitch in scenes with Maia. The animal 'always gave a little bit of unpredictability,' Hammack noted, which added spontaneity to the film. Somewhere, the ghost of Fields was spinning. Blending live actors with animated characters has been a thing since at least 'Anchors Aweigh,' the 1945 MGM musical in which Gene Kelly famously danced with Jerry the Mouse. The landmark 1988 film 'Who Framed Roger Rabbit' upped the ante. But counterintuitively, because of ILM's cutting-edge technology, 'Lilo & Stitch' was able to deliver something Kelly didn't have: a physical scene partner. 'Our work works because Seth did his job,' Shumway said. 'Without it, we would maybe get a stale performance from Maia. By the time it gets to (the VFX team), we digitally remove (the puppet), but then we've got all the other elements that benefited from the work that he did. Because Maya gave a really good performance, then we can give a really good performance with Stitch. 'So really, it's an old school process, but it's still very modern in how we approach it.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store