20 Feb FUTURE OF HOLLYWOOD KEYNOTE SPEAKER TALKS AI, WEB3 AND MORE
Experts envision dramatic shifts in store for the future of Hollywood over the next decade as streaming proliferation, augmented reality (AR), artificial intelligence (AI) and Web3 spaces reconstitute entertainment. While unpredictability still shrouds the industry’s complex trajectory, emerging transformations seem primed to access more immersive, personalized, and dynamic storytelling frontiers.
As early as this year, analysts predict streaming viewership will overtake traditional TV viewership worldwide. Younger generations continue migrating to on-demand platforms leading content wars among new and incumbent players in the streaming ecosystem. More fragmentation seems inevitable as tech and telecom giants now also compete for subscription revenues and data access, transitioning Hollywood’s revenue mix toward targeted digital advertising and e-commerce integrations.
Mirroring gaming, Web3 innovation poses equally disruptive potential for creative financing, community building and decentralizing distribution around arts and entertainment. As metaverse environments bridge VR/AR adoption in everyday life, Hollywood also can bypass geographic limitations via virtual movie theaters and interactive fan events with filmmakers, stars and each other.
Immersive technologies set to revolutionize wider storytelling modes as well. Deepfake techniques empower more affordable CGI actor likenesses for posthumous roles complicated by past limitations. Cloud-based workflows also democratize collaborative film production across remote locations. Real-time motion capture inserted into VR environments like video game engines can even allow actors to perform “on location” in fantastical simulated settings.
More progressive applications of AI may creatively augment certain elements of filmmaking from visual effects rendering to predictive analytics guiding shooting logistics or even editing approaches. However ethical questions remain around humans losing creative autonomy.
As markets globalize and younger generations embrace individuation, Hollywood likely faces pressure to diversify its flags and formats. Multi-perspective storytelling and non-linear anthologies may help retain niche audiences beyond blanket blockbusters. Local authenticity could further bolster global resonance.
Altogether, cinema seems poised to undergo renaissance across Web3, virtual production, augmented content and democratized creativity. But realizing such potential relies on calibrated governance and compassionate technology stewardship to expand access and originality without excessively displacing legacy institutions and talent dynamics before sustainable bridges emerge.