Asian film and tech leaders gathered at TIFFCOM, the market allied to the Tokyo International Film Festival, to discuss the transformative impact of generative AI on film production. They highlighted its potential for dramatic cost reductions and new investment opportunities.
Kevin D.C. Chang, AI director and CEO of Metavision Co., South Korea, demonstrated how AI tools could help him potentially reduce a $4.1 million production budget to an estimated production cost of $400,000 for “Cinque Terra,” a film set across five international locations that is being planned for 2025. Chang noted that AI could reduce traditional location shooting costs while maintaining production quality.
