Disney's Acquisition of 21st Century Fox and the Use of AI in Post-Production
The Walt Disney Company has acquired most of 21st Century Fox's assets for $66 billion, with Disney taking on $13.7 billion of Fox's net debt. Disney is utilizing artificial intelligence for audience engagement through facial analysis and to create 3-D immersive worlds with realistic graphics. However, the company is reportedly laying off thousands of human workers as part of this initiative, raising questions about the practical changes and economic implications of AI in the creative industry. Business leaders emphasize the need to consider both the economic and personal implications of AI, while Disney CEO Bob Iger encourages embracing technological change.
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