Lionsgate Acquires Equity Stake in Runway AI, Plans AI-Generated Short-Form Series
By
Corbin Bolies
Summary
Lionsgate has taken an equity stake in generative AI video company Runway, expanding their 2024 partnership. The studio plans to use its existing franchise catalog to create an AI short-form series and launch a development program to generate new content and intellectual property using AI. The companies will also host filmmaker-focused events, signaling Lionsgate's strong commitment to integrating AI into content production.
Source
VarietyLionsgate Acquires Equity Stake in Runway AI, Plans AI-Generated Short-Form Seriesvariety.comKey quotes
· 3 pulledLionsgate has taken an equity stake in the generative AI video company Runway and plans to pull from its existing catalogue of franchises for an AI short-form series
The expansion will also see Lionsgate and Runway start a new development program to create new content — and, thus, intellectual property — using AI
The companies will also launch a series of 'filmmaker-focused events.'
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