- Ellison compares AI to the 1990s CGI revolution as a film-history-scale shift
- AI's core value is framed as budget compression and risk reduction, not creative replacement
- Lower costs could greenlight more original storytelling projects
AI CURATED HOT STORY · 11/10/2026
Paramount CEO Calls AI the Biggest Creative Breakthrough in Film History
David Ellison, CEO of Paramount Skydance, declared on the company's earnings call that artificial intelligence could surpass the 1990s CGI revolution and become "the biggest creative unlock in modern history." He positioned AI's core value as compressing production budgets and reducing investment risk rather than replacing human creators, emphasizing that handcrafted storytelling still commands a premium.
Citing The Terminator as an example, Ellison noted that producing the same shot volume now costs $60–70 million, up from $4 million, and AI could dramatically lower that barrier. He likened AI to how CGI once enabled classics, arguing that lower costs will allow more original narratives to get greenlit. Paramount stressed that AI is a tool for artists, not a substitute.
The remarks from a major Hollywood studio chief signal a shift from skepticism to active embrace of AI. If AI can indeed cut costs significantly, mid-budget original films and experimental storytelling could gain new opportunities, though concerns about over-reliance on technology and creative homogenization may also grow.
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- Ellison expects AI to outstrip the 1990s CGI and digital compositing wave in impact on film
- A shot-for-shot Terminator remake would now cost $60-70 million versus $4 million originally, framing AI as a way to cut budget risk
- Paramount still sees a premium for hand-crafted storytelling and positions AI as a tool for artists, not a replacement