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Economic Times Tech
Economic Times Tech
7/22/2026
A once wary Hollywood slowly warms to AI

A once wary Hollywood slowly warms to AI

Short summary

Hollywood studios and actors initially resisted AI over IP misuse concerns, culminating in the 2023 strike. Sentiment shifted in early March when Netflix acquired a small AI company for $587 million, signaling industry acceptance. The deal marks a turning point for AI adoption in entertainment.

  • Hollywood's 2023 AI fears centered on IP misuse and actor displacement
  • Netflix's $587M acquisition of a small AI firm signals a shift in industry sentiment
  • Entertainment sector is moving from resistance to cautious AI adoption

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