Hollywood Strike: Writers Secure Credit as Studios Retain AI Training Rights in New Deal
Portfolio Pulse from Anusuya Lahiri
A tentative labor agreement between Hollywood studios and the Writers Guild of America (WGA) will likely allow studios to continue training AI models using writers' works. This is a relief for Warner Bros. Discovery, Inc (WBD), Paramount Global (PARA), Netflix, Inc (NFLX) and Walt Disney Co (DIS). However, writers will receive credit and compensation for their contributions, even when AI tools are used. This follows a nearly five-month strike and ongoing negotiations with the Alliance of Motion Picture and Television Producers (AMPTP).
September 27, 2023 | 12:25 pm
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POSITIVE IMPACT
The agreement allows Walt Disney Co to continue using writers' works for AI training, which could enhance their content production.
The agreement allows Walt Disney Co to continue using writers' works for AI training, which could enhance their content production and efficiency, potentially leading to a positive impact on their stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The agreement allows Netflix to continue using writers' works for AI training, which could enhance their content production.
The agreement allows Netflix to continue using writers' works for AI training, which could enhance their content production and efficiency, potentially leading to a positive impact on their stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The agreement allows Paramount Global to continue using writers' works for AI training, which could enhance their content production.
The agreement allows Paramount Global to continue using writers' works for AI training, which could enhance their content production and efficiency, potentially leading to a positive impact on their stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The agreement allows Warner Bros. Discovery to continue using writers' works for AI training, which could enhance their content production.
The agreement allows Warner Bros. Discovery to continue using writers' works for AI training, which could enhance their content production and efficiency, potentially leading to a positive impact on their stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80