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Disney's rumored AI initiative involving hundreds of people may lead to significant job cuts and outsourcing, potentially replacing human workers in post-production and visual effects.
AI will be used to analyze guest behavior at Disney theme parks and nudge them towards more expensive purchases, exploiting vast amounts of data on guest spending and time.
Disney's anti-union stance and focus on maximizing profits over employee well-being may result in extensive job losses and outsourcing to countries offering tax incentives.
The LA film industry faces a three-pronged crisis of rising costs, downsizing, and outsourcing, with historically low shoot days in summer 2022 according to Film LA data.
Entertainment companies like Lion's Gate and Canva are already using AI-assisted production, potentially eliminating human jobs in pre and post-production processes.
Disney may announce its major AI initiative during the Q4 earnings call to boost stock prices by driving up numbers for Disney+, Hulu, and other streaming services.
Disney's significant investment in AI technology is leading to job losses in Hollywood by replacing traditional roles in post-production and visual effects, all while prioritizing efficiency and profits over its family-friendly image.
00:00 Both hosts are feeling unwell but are together for the moment.
00:24 Disney's heavy investment in AI threatens Hollywood jobs by enabling fewer people to handle tasks that once required larger teams.
02:44 Disney's new AI initiative in post-production and visual effects may reduce human jobs while enhancing upselling strategies and raising concerns over content usage.
05:23 Disney is investing in AI to enhance storytelling and production efficiency, aligning with Bob Iger's vision for innovation in the industry.
07:31 Disney is replacing VFX jobs with AI to boost efficiency and profits as Hollywood jobs decline amid rising production costs.
10:11 Disney is embracing AI and outsourcing to reduce costs, resulting in significant job losses in Hollywood.
11:44 Disney's focus on profits over its family-friendly image results in disappointing earnings, job cuts, and negative treatment of employees.
13:51 Disney is heavily investing in AI technology as traditional Hollywood jobs continue to decline.
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