Despite the halt on the studio expansion, Perry is still planning to build an entertainment complex to compete with Disney and Universal Studios. The 37-acre property next to his Atlanta studios will feature restaurants, shops, a theater, and a theme park-style experience.
Key takeaways:
- An $800 million expansion project at Perry's studio has been put on hold indefinitely due to the capabilities of OpenAI's new video tool, Sora.
- Sora can generate complex videos up to a minute long from text and image prompts, potentially reducing the need for physical sets or location shoots.
- Perry acknowledges that while AI advancements can drastically cut costs, they also pose a threat to jobs in the film industry, from actors to technicians.
- Despite the halt on the studio expansion, Perry's plans to build a large entertainment complex, including restaurants, shops, a theater, and a theme park-style experience, are still underway.