Alphabet and Meta Engage Hollywood Studios in Major AI Video Licensing Deals

Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) and Meta Platforms Inc. (NASDAQ: META) have discussed content licensing with major Hollywood studios for their AI video generation software.

These companies are developing technology to create realistic scenes from text prompts and have offered substantial sums to partner with studios.

Peer Microsoft Corp. (NASDAQ: MSFT), MSFT-backed OpenAI engaged in similar talks, Bloomberg reports.

Hollywood studios want to use AI to reduce costs while ensuring their work is not misused. They are cautious about licensing content without controlling its use.

Recently, Scarlett Johansson demanded that OpenAI shut down using a voice resembling his own for his chatbot.

Wednesday, News Corp. (NASDAQ: NWS) (NASDAQ: NWSA) has agreed to let OpenAI use content from its publications in a deal potentially worth more than $250 million over five years. Warner Bros. (NASDAQ: WBD) is open to licensing specific programs, but not its entire library.

Walt Disney Company (NYSE: DIS) and Netflix Inc. (NASDAQ: NFLX) are interested in other collaborations but without license for their content.

New AI tools, like OpenAI Sora and Alphabets Veo, promise to help filmmakers create vivid clips from text descriptions, sparking excitement and anxiety in the industry.

Previously, major US technology companies and news publishers were at loggerheads on the influence of AI, particularly with regard to the unauthorized use of its content for AI training.

Google's AI search has sparked concerns among publishers that they are losing a substantial portion of their Google-generated traffic.

Reports indicated Microsoft, Meta and Alphabet committed more than $32 billion in AI infrastructures in the first quarter of 2024.

Price Actions: At last check Friday, GOOGL shares were up 0.52% at $174.45 pre-market. META was up 0.41% at $467.70.

Photo by De Andre Bush via Unsplash

“ACTIVE INVESTORS’ SECRET WEAPON” Boost your stock market game with the #1 “news and everything else” trading tool: Benzinga Pro – Click here to start your 14-day trial now!

Get the latest stock analysis from Benzinga?

This item Alphabet and Meta Engage Hollywood Studios in Major AI Video Licensing Deals originally appeared on Benzinga.com

2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos