Tyler Perry Halts $800 Million Studio Expansion Due to “Mind-Blowing AI Video Generation Tool,” Expects Massive Job Loss

Axelle/Bauer-Griffin/FilmMagic Tyler Perry, the entertainment mogul known for his extensive filmography and ownership of one of the largest film studios in the United States, has placed a monumental $800 million expansion of Tyler Perry Studios on indefinite hold. The cause for this sudden shift? The rapid evolution of artificial intelligence in film production, epitomized by OpenAI’s Sora. I previously wrote about the recently launched AI model last week, if you aren’t familiar with the technology, I’d suggest giving that a quick read. Below are two videos that were entirely generated by OpenAI’s new video generation model, Sora. Prompt: Reflections in the window of a train traveling through the Tokyo suburbs. A Glimpse into the Future: AI’s Double-Edged Sword Perry, in a candid discussion with The Hollywood Reporter, shared his astonishment upon witnessing Sora’s capabilities: “Being told that it can do all of these things is one thing, but actually seeing the capabilities, it was mind-blowing.” Such technology, while innovative, carries heavy implications for the workforce within the entertainment industry. Perry underscores the urgency of the moment, “I feel like everybody in the industry is running a hundred miles an hour to try and catch up, to try and put in...