Recent Articles: Entertainment Industry Trends: What’s in Store For 2020? When it comes to the future of AI in Media and Entertainment, the experts agree: it’ But with AI-based intelligence tools used for videos, media creators and distributors can identify objects to add relevant tags by examining the contents of videos frame by frame to categorize objects and add tags. Bold Business is a proud part of Bold Business Group, an integrated publications, media, technology, solutions, advisory and investment group. Contact Us Artificial Intelligence (AI) is not only gaining prominence in sectors like healthcare and education, but also impacting the media and entertainment industry. Artificial Intelligence is a cardinal part of contemporary conflicts. By exploring and experimenting with AI the media and entertainment industry has been able to impact everything from creating content to enhancing the consumer experience. eMerge Americas: Creating Opportunities for Startup Companies in... AI used for visual storage, movie trailer design, and audience development, AI used to predict opening weekend revenues at the box office, AI cloud-based platform allows rapid move script analysis to predict box office success or failure, AI used in a SaaS platform to allow film-makers to predict gross sales revenues long-term, AI database used to create millions of movie viewer profiles to aid in targeting marketing and creation efforts. As a result, this enriches consumer experience and improves ad sales through targeted ad insertions. With such a high demand for television, film, music, and art in general, this technology will continue to impact how we consume media as time goes on. Artificial intelligence is making practically every industry smarter. "mainEntityOfPage": { Artificial intelligence optimizes the user search experience while improving the process of production and content creation. By 2021, the U.S. E&M industry is projected to reach $759 billion in revenue, increasing at a compound annual growth rate (CAGR) of 3.6 percent. Learn How! This article was originally published in the Summer 2018 issue of The Record. Now, the advent of AI in media and entertainment will transform how audiences experience movies, TV … Warner Bros is the first-ever studio to integrate artificial intelligence within their film management system. "image": "https://360digit.b-cdn.net/assets/img/logo/logo.png?v=1.1.3", Hence, movie production is a complicated and time-consuming process. Leading entertainment companies are leveraging machine learning and automation based on NLG reporting to enhance their channel weekly reports. 2018 marks the 50th anniversary of Stanley Kubrick’s seminal science fiction film 2001: A Space Odyssey, a masterpiece that foresaw the future and examined our evolution as human beings and … Therefore, media companies are leveraging AI to help them make strategic decisions. By closing this banner or continuing to use BoldBusiness.com, you agree to our practices. "author": { However, artificial intelligence now plays a major role in the entire film-making spectrum. Not just the film industry, the advent of AI has successfully taken over a lot of industries. To attract more customers companies are refining the quantity as well as the standard of content they create as they can extract high value out of it. Originating also in 2015, ScriptBook offers a cloud-based artificial intelligence system to screen movie scripts. Bodega Internet-Connected Vending Machines Make a Splash. From the creative process behind the scenes, to content delivery and audience engagement, artificial intelligence (AI) is having a profound effect on the industry. Advertise In any industry, including film-making, data can be explored (or “mined”) to reveal patterns, trends, and user preferences. AI and Machine Learning algorithms are leveraged to observe human behavior, their specific inclinations, and population data to recommend what the viewer may be most interested in seeing or listening to, thus offering them a highly personalized experience. When it comes to the future of artificial intelligence in film-making, plenty of data exists. "datePublished": "2020-12-04", According to PwC’s Entertainment & Media Outlook, the US entertainment and media industry is projected to reach $759 billion by 2021, increasing at a CAGR of 3.6 percent. All a film-maker has to do is simply upload a movie script, and within five minutes, an analysis is provided. With dozens of companies competing with artificial intelligence platforms today, it is not surprising some are exploring the entertainment industry. Artificial intelligence slowly and gradually is making its mark within various industries. This is the second entry in a five-part guide series that explores how artificial intelligence is revolutionizing and evolving the media and entertainment industries. 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Also, it helps in customization, packaging, and transmission of content in real-time. "logo": { Combined with machine learning (ML) it can help networks and others get their content seen by the right people (1) . They can then analyze the data to create remarkable solutions and products. and the AI will generate the movie itself accordingly. With over 3.2 million movies, directors, and actors in its database, Qloo has built millions of movie viewer profiles. Soon, with artificial intelligence technology, we will have no boundaries and it will fascinate and captivate us in all the spheres of lives. AI is being used in the entertainment industry to help personalize our experiences of television, music, and stories. Cast, director, budgets, plots, and many other inputs are used to determine gross revenues in both the short and long run. Sources: variety.com, blog.ozobot.com, www.crunchbase.com, This article is really interesting. Appreciate your suggestion on the story idea. Here are some firms today using AI in the movies that you may have not heard about. Publisher’s Note Because ScriptBook’s AI platform is accurate 84% of the time in predicting a script’s success or failure. Thank you for reading Bold Business. Artificial Intelligence (AI), complemented by big data and cloud-native technologies, has been at the forefront of this turnaround. It has facilitated human efficiency, creativity, and innovation by taking a lot of the leg work out of discovering pertinent content, sifting large amounts of content to re-format and re-purpose and match it to the interest of the customers. Artificial intelligence is increasingly serving as an engine that drives richer, more realistic experiences in media and entertainment — from video games to movies and more. Emerging applications of machine learning in the entertainment and media industry are being applied to multiple areas of importance for companies including marketing, advertising and content production. 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