Paramount Skydance CEO Ellison says AI will reshape film production costs
Speaking on Paramount Skydance's earnings call, CEO David Ellison said AI could become the biggest creative unlock in modern filmmaking history, comparing its potential impact to CGI's role in films like Jurassic Park and Terminator 2. He said the company is developing its own AI tools that could lower production budgets, citing Terminator's original $4 million cost versus an estimated $60-70 million to remake it today, and argued AI could make riskier, more original storytelling financially viable.