At 84, veteran mogul John Malone is still a power broker, hinting at &ldquo;further consolidation in the media industry&rdquo; following a recent sit down with David Ellison. Should we be on the lookout for a Warner&ndash;Paramount merger? Meanwhile in Vegas, the Sphere&rsquo;s $100 million Wizard of Oz reimagining leans on AI to expand the visuals and even slip in <a href="https://www.hollywoodreporter.com/business/digital/james-dolan-david-zaslav-characters-sphere-wizard-of-oz-1236356200/">cameos</a> of David Zaslav and James Dolan. The Directors Guild did not take kindly to the stunt. Partners in Banter Kim Masters and Matt Belloni pull back the curtain on the Sphere's Emerald City sideshow.
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Plus, Masters speaks with Runway co-founder Crist&oacute;bal Valenzuela about the role of artificial intelligence in Hollywood. The Chilean-born developer acknowledges that AI may lead to some job losses, but he argues it will ultimately benefit filmmakers. He explains why studios including Lionsgate, Netflix, and Disney are already using Runway&rsquo;s tools. Plus, he compares the current backlash against AI to the upheaval that followed the introduction of sound in film.
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