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Benzinga
Benzinga
Business
Paula Tudoran

Netflix And Disney Quietly Use $545M-Backed Runway For AI Video — And It's Raising Big Questions In Hollywood

Runway Netflix Disney Hollywood Lionsgate Nasdaq Ted Sarandos AMC Networks
Programmer,People,Working,Laptops,Or,Smartphones,With,Ai,,Artificial,Intelligence

Netflix (NASDAQ:NFLX) has begun using generative AI video tools from startup Runway AI to accelerate production and reduce visual effects costs in original content, Bloomberg reports.

According to Bloomberg, the New York-based startup has raised $545 million in funding and was most recently valued at over $3 billion.

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