Major Hollywood Studio Offering US Workers ‘Voluntary Severance’ and Early Retirement After AI Deal Announced: Report
https://www.thegatewaypundit.com/2024/10/major-hollywood-studio-offering-us-workers-voluntary-severance/
Regardless of how connected the matters actually are, critics of artificial intelligence are going to have a field day with this one.
According to a Monday report from Deadline, major Hollywood heavyweight Lionsgate Studios is offering its U.S.-based employees “voluntary severance” and early retirement options as the company continues to restructure amid a turbulent industry landscape.
Deadline obtained a memo from Lionsgate CEO Jon Feltheimer, confirming the news.
“We are offering Lionsgate U.S.-based employees a voluntary severance and early retirement program that will allow us to adapt our workforce to the disrupted business environment,” Feltheimer wrote in the memo.
As to just how “voluntary” these severance options are, Deadline noted, “as these things go, layoffs could be a next step depending upon how many staffers take up the packages, which are focused at Lionsgate Studios.”
Deadline attributed a number of reasons for why the Hollywood studio — known for some blockbuster franchises like “John Wick,” “The Hunger Games,” and “Saw” — decided to start down this path.
A “contracting media and entertainment landscape” is one reason given, as is the studio’s business dealings, like when it “absorbed” eOne (now Lionsgate Canada).
Another recent business dealing that Lionsgate was in the headlines for? An unprecedented deal with Runway, a “first-of-its-kind”deal that was reported on by the Wall Street Journal on Sept. 18.
That deal, which gave Runway’s generative AI models nebulous and wide-reaching powers over Lionsgate’s content library, was met with a less-than-enthused response from onlookers.
One common critique is that Hollywood isn’t as worried about AI stealing copyrighted material as it is of having its own AI doing its bidding. Continue…