Lionsgate, an entertainment company and Runway, an AI company have entered into a first-of-its-kind partnership centered around the creation and training of a new AI model, customized on Lionsgate’s proprietary catalog.
Fundamentally designed to help Lionsgate Studios, its filmmakers, directors and other creative talent augment their work, the model generates cinematic video that can be further iterated using Runway’s suite of controllable tools.
“Runway is a visionary, best-in-class partner who will help us utilize AI to develop cutting-edge, capital-efficient content creation opportunities. Several of our filmmakers are already excited about its potential applications to their pre-production and post-production process. We view AI as a great tool for augmenting, enhancing and supplementing our current operations,” said Lionsgate Vice Chair Michael Burns.
“We’re committed to giving artists, creators and studios the best and most powerful tools to augment their workflows and enable new ways of bringing their stories to life. The history of art is the history of technology and these new models are part of our continuous efforts to build transformative mediums for artistic and creative expression; the best stories are yet to be told. Lionsgate has an incredible creative team and a clear vision for how AI can help their work – we’re excited to help bring their ideas to life,” said Runway co-founder and CEO Cristóbal Valenzuela.
