HomeTechnologyNewsGoogle, Meta Bid Millions for Hollywood Content: Report

Google, Meta Bid Millions for Hollywood Content: Report

Google and Meta are apparently attempting to strike deals to train their own distinct AI video generation models.

Google and Meta are apparently joining OpenAI in the artificial intelligence (AI) content licensing competition. OpenAI has signed multiple agreements with news publishers and other websites to use its data to train its AI models.

According to reports, Google and Meta have also joined the market to sign content licensing agreements with Hollywood studios. It is reported that the tech behemoths plan to use this database to train their video production models. Notably, Google recently introduced its AI video model, Veo.

According to a Bloomberg report, Google and Meta are attempting to acquire access to Hollywood studio’s extensive material collections in order to train their own AI video models. While Google may want these agreements for Veo, Meta has not officially revealed any such model. However, according to the report, the social media giant may be developing a video model internally.

According to people familiar with the situation, both companies have offered tens of millions of dollars to work with studios. While Hollywood studios are thought to be interested in forming collaborations, they are also anxious about losing control over how Silicon Valley behemoths exploit their content.

According to the report, Netflix and Walt Disney declined to license their content to the new companies. However, they expressed a desire to develop new forms of collaboration. It is still being determined what these partnerships are. Warner Bros Discovery, on the other hand, has apparently expressed its willingness to license individual shows for AI training, but not its entire content catalog.

Also Read:

It is believed that the recent incident with Hollywood actor Scarlett Johansson, in which she accused OpenAI of inventing a voice for ChatGPT that sounds remarkably similar to hers, led to Hollywood studios’ concerns.

Keep exploring...

How To Save Outlook Email As PDF

Looking for a way to save Outlook email as pdf? Email has become increasingly popular in the professional world. People have gradually begun to...

How to Monitor People at Risk of High Blood Pressure

For people at risk of high blood pressure, regular visits to the doctor may not be sufficient to monitor and manage high blood pressure....

Related Articles

iPhone With Flip-Style Foldable Display Might be Launched in 2026

According to reports, Apple will likely release a foldable iPhone in the coming years...

iPhone 17, iPhone 17 Pro Specifications, Launch Timeline Tipped

There is enough information regarding Apple's iPhone 16 models available today, months before the...

iPhone SE 4 Pricing And Launch Timeline Leaked

Apple does not follow a systematic launch schedule for the iPhone SE. The second...

Google Pixel 9, Pixel 9 Pro, Pixel 9 Pro XL Surface on IMDA Website

Following multiple reports, Google finally revealed the Pixel 9 Pro. The standard Pixel 9...