Los Angeles-based production company Pressman Film is turning to crowdfunding to finance its latest slate. The indie studio behind films including “American Psycho,” “Wall Street” and “The Crow” is targeting $1.5 million in the first tranche, hosted by investment firm Republic. As the movie industry continues to regain its footing following the impact of COVID-19 and the Hollywood strikes, companies continue to seek innovative ways to move forward. “Get in on the ground floor of the filmmaking process, get exclusive insider perks, and share in the returns,” explains Republic’s website. Minimum buy-in is $200. Continue reading Pressman Film Joins Republic on Crowdfunding Capital Raise

Stability AI has unveiled an experimental new model, Stable Video 4D, which generates photorealistic 3D video. Building on what it created with Stable Video Diffusion, released in November, this latest model can take moving image data of an object and iterate it from multiple angles — generating up to eight different perspectives. Stable Video 4D can generate five frames across eight views in about 40 seconds using a single inference, according to the company, which says the model has “future applications in game development, video editing, and virtual reality.” Users begin by uploading a single video and specifying desired 3D camera poses. Continue reading Stable Video 4D Adds Time Dimension to Generative Imagery

Figma is rolling out its third redesigned user interface, UI3, aimed at making the company even more competitive with Adobe. New are native AI features that accelerate workflows, letting teams build high-quality software. Available in limited beta, Figma AI adds the ability to generate design drafts with a single prompt, enabling rapid experimentation and prototyping. The move advances Figma’s goal of moving beyond design tool to a full-blown product development platform, while making the service intuitive and friendly enough for novices while maintaining the full features demanded by Sigma’s professional users. Continue reading Figma Redesigns Its User Interface and Adds New AI Features

The UK AI Safety Institute announced the availability of its new Inspect platform designed for the evaluation and testing of artificial intelligence tech in order to help develop safe AI models. The Inspect toolset enables testers — including worldwide researchers, government agencies, and startups — to analyze the specific capabilities of such models and establish scores based on various criteria. According to the Institute, the “release comes at a crucial time in AI development, as more powerful models are expected to hit the market over the course of 2024, making the push for safe and responsible AI development more pressing than ever.” Continue reading UK Launches New Open-Source Platform for AI Safety Testing

Fox Corporation’s FAST service Tubi has launched a development hub for aspiring filmmakers called Stubios — “a fan-fueled studio” that promises to “put the power to greenlight content” in the hands of fans via this non-traditional feeder system for diverse talent. Working with actress-producer Issa Rae’s ColorCreative management company, Stubios is television’s take on UGC and the social media influencer pipeline, a path for trending creatives “to find success in Hollywood,” according to Fox. “Stubiorunners,” as creatives accepted into the program are called, will have the ability to get audience feedback on “everything from casting to key art.” Continue reading Tubi Development Hub ‘Stubios’ Lets Fans Greenlight Content

Having fended off challenges in the short-form video sphere since its late 2016 launch, it now appears TikTok is playing offense, laying the groundwork for a photo-sharing app that has drawn comparisons to Instagram and Pinterest. Avid TikTok users are probably familiar with a feature that lets them post still images as moving images that can be examined by advancing frame-by-frame. Now TikTok seems to want to improve that approach by building a separate TikTok Photos app to which users of the primary platform can export and showcase their still images to Android and iOS. Continue reading TikTok Updates Its Code to Sync to Separate ‘TikTok Photos’

The United States, Britain and 16 other countries have signed a 20-page agreement on working together to keep artificial intelligence safe from bad actors, mandating collaborative efforts for creating AI systems that are “secure by design.” The 18 countries said they will aim to ensure companies that design and utilize AI develop and deploy it in a way that protects their customers and the public from abuse. The U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) and the United Kingdom’s National Cyber Security Centre (NCSC) jointly released the Guidelines for Secure AI System Development. Continue reading U.S., Britain and 16 Nations Aim to Make AI Secure by Design

GitHub Copilot Chat for enterprise becomes generally available in December, and the GitHub site is integrating the artificial intelligence assistant across its entire platform, promising that AI will infuse every step of the developer lifecycle. “Just as GitHub was founded on Git, today we are re-founded on Copilot,” the Microsoft-owned company announced this month. Powered by OpenAI’s GPT-4, the new configuration will offer inline Copilot Chat for code questions, contextual guidance and “slash commands” for /fix and /test. The AI tool is designed to assist coders with their everyday workflows with a series of “one-click” assists and other shortcuts. Continue reading GitHub Copilot Brings AI-Powered Coding Tool to Enterprise

Unity has officially released its Muse AI platform for general use in early access. Muse is a suite of AI-powered tools that streamline game development. The Muse package includes Muse Chat to source answers and generate code, Muse Sprite for 2D sprites generation, and Muse Texture, providing 2D and 3D ready textures. Originally announced in July, Muse is now offered at a $30 per month subscription. Also announced at the firm’s annual Unite conference was the next major software update, Unity 6, for 2024, and the deployment of Unity Cloud to connect development tools across projects and pipelines. Continue reading Unity Opens Beta for Muse AI, Sets General Release for 2024

The European Union, which has been working on artificial intelligence legislation for the past two years, is playing last minute catch-up with rapidly evolving technology as it retools a final draft law that can be adopted, possibly by the end of the year. While the European Council in December thought it had completed its framework in all but the details, that version largely deferred attaching specific rules to generative AI, which having since exploded, has triggered a movement among member states to add those guardrails along with rules for general purpose AI. Continue reading EU Considers Technology Updates for Next Draft of the AI Act

As part of ETC@USC’s Executive Coffee with… series, M&E leaders connected via Zoom with eight engineering students, three cinema students and one business student on October 29. The topic of discussion was “Production in the Cloud for Media and Entertainment; content and experience creation, distribution, interaction, and analytics.” Students were particularly interested in new advances related to areas such as production workflow, asset management, gaming, remote collaboration for live music, and the impact of analytics on content creation. Continue reading ETC Executive Coffee: Students, Execs Talk Cloud Resources

Netflix, which traditionally has paid talent with upfront deals, is reportedly considering bonuses for filmmakers, actors and producers when their movies prove to be successful. Insiders indicate that the number of awards a movie wins or its viewership numbers could measure the level of success. The new incentive model would be designed to win film projects for the streaming service that would otherwise be picked up by other studios. While Scott Stuber, head of Netflix’s original film division, has been discussing possibilities with producers, details regarding the types of bonuses or who might receive them have not been revealed. Continue reading Netflix Considers Introducing Bonuses For Successful Movies

To better compete with social platforms such as Facebook and Instagram, Snap Inc. is launching a scripted video initiative called Snap Originals. Teaming with media titans such as Viacom and NBCUniversal to produce original content and syndicate existing shows, Snap aims to ramp up its serialized offerings as Instagram readies its IGTV hub for mobile video. Snap has already been experimenting in this space through partnerships with networks including E!, NBC and ESPN to produce content for its Discover section.

Continue reading Snap Is Latest Social Company to Plan Original Video Push

Netflix yesterday announced a multi-year partnership with former President Barack Obama and First Lady Michelle Obama to produce original content for the streaming service. The Obamas created production company Higher Ground Productions for the Netflix deal, which is reportedly valued in the high eight figures. According to Netflix, the partnership may include scripted, unscripted and docu-series, in addition to documentary and feature films. Two months ago, the Obamas signed a joint book deal with Penguin Random House worth a reported $65 million for their respective memoirs. Continue reading The Obamas Are the Latest to Sign Production Deal with Netflix

With its game engine, Electronic Arts can apply code created for one game to another new game. EA has evolved its engine, now integrating the features of a dozen into a single game engine, dubbed Frostbite, which was used most recently to create the title “FIFA 17.” Now, Facebook, Amazon and other tech companies are also interested in game engines, which can handle graphics and physics as well as save time and money on R&D, and open doors to development in new media markets such as virtual reality. Continue reading Game Engines Are Now Entrée to Better Titles, Faster Delivery