News
The 118-day Hollywood actors’ union strike ended with an agreement on AI usage, though not everyone in the industry sees it as the right move.
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Hollywood News
Hollywood is a district in Los Angeles, California. Traditionally, Hollywood is associated with the American cinema industry, as there are lots of production companies in this district and many famous actors live nearby. Besides this, Hollywood is a popular place for tourists and nightlife activities. Blockchain and cryptocurrency technologies are — step-by-step — being implemented in Hollywood. Not only is Hollywood a place for various conferences and meetings related to Bitcoin — such as the Hollywood Blockchain Meetup — but its cinema industry is also undergoing changes. The first-ever Hollywood blockchain movie was made in 2018, marking a new era for both industries. Such films will become the end of piracy, as all copyrights will be securely kept on a blockchain network. Moreover, these films will be available for purchase in cryptocurrency.
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The proposed act came just hours after talks broke down between actors and Hollywood studios, with AI replicas a major friction point in negotiations.
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The Writer’s Guild strike has come to an end after five months of picketing, with a tentative deal approved for new conditions that include negotiations over AI usage.
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Hollywood strikes echoed the unbalanced value distribution in the streaming video industry — blockchain can change that.
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The Alliance of Motion Picture and Television Producers released a memo of its offer to striking writers and actors, with proposed guidelines for AI usage and data transparency.
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The positions come with six-figure salaries, ranging from $450,000 to $650,000 for the Technical Director role and $300,000 to $900,000 for the Product Manager position.
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The Sandbox added a new major IP to its virtual world, a portfolio management startup raised $3.6 million and The Flash is getting NFTs.
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Palm NFT Studio has also launched a new tool via Epic Games’ Unreal Engine, enabling creators to make generative “game-ready” 3D assets and art collections.
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The Writers Guild of America sent out a list of demands to Hollywood studios, including regulating AI usage in guild-affiliated projects.
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The Hollywood icon was relentlessly mocked for appearing in the ad in 2021, which was released just before the crypto markets plummeted.
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Film festivals have seen an increase in blockchain and crypto-funded film projects and initiatives as Web3 technologies continue to merge with the entertainment industry.
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PROOF Co-founder Kevin Rose announced the deal via Twitter on Jan. 6, noting that the aim is to get the Moonbirds brand recognized on a global scale and not just in the Web3 space.
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The Russo’s are reported to have said that FTX “is one of the most brazen frauds ever committed” in their reasoning for wanting to create the show.
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The way we watch TV shows, films and digital content is changing — and so is the way that this content is being made.
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Many in and out of the crypto space have parodied Matt Damon’s appearance promoting the crypto exchange following the market downturn in May.
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