logo
  • menu
  • Markets
  • ETFs
  • Live
  • Spot
  • Futures
  • Bots
  • Learn
  • Sign In
  • Sign Up
  • Downloads
  • English
  • |
  • USD
  • |
Sign Up
Crypto PricesLearnLatest NewsDownloadsMarketsSpotAnnouncements
Home/
Latest News/
Industry

Gen AI Report Raises Red Flags on Job Losses in Entertainment Industry

By Hallie Gill
Feb 7, 2024
4.5 
★
★
★
★
★
★
★
★
★
★
 311 User Rating
Share

In a recent report, consulting firm CVL Economics has predicted that generative artificial intelligence (Gen AI) will lead to more job losses in the film and animation industry compared to other sectors. The study, conducted between November 17 and December 22, 2023, surveyed 300 leaders, including C-suite executives and managers, from six entertainment industries. According to the report, 75% of respondents indicated that Gen AI tools, software, and models would contribute to the elimination, reduction, or consolidation of jobs in their business units.

Gen AI, which can autonomously create content such as images, text, and music without explicit programming, utilizes machine learning to understand and replicate patterns in existing data. The study suggests that 55% of industry leaders anticipate sound designers will be the most impacted over the next three years. Additionally, over 40% believe that professionals such as music editors, audio technicians, and sound engineers are vulnerable, while approximately 33% expect songwriters, composers, and studio engineers to be affected.

The report highlights a strike announced in July 2023 by the Writers Guild of America (WGA) and the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) due to concerns about the impact of artificial intelligence on job roles and safety. AI advancements could potentially replace roles in the industry, as many companies use writers' content to train Gen AI programs and create digital replicas and characters based on actors' likenesses.

Despite recent positive contract negotiations with the Motion Picture and Television Producers Alliance, members of WGA and SAG-AFTRA remain apprehensive about the uncertainty surrounding Gen AI's impact on the motion picture, television, and other entertainment industries. The report notes that 47% of business leaders believe Gen AI will effectively generate 3D assets and realistic sound designs for film, television, and video games within the next three years. Additionally, 44% anticipate Gen AI being capable of creating realistic foreign language dubbing for film or TV dialogue, and 39% expect Gen AI to generate music mixes and masters by 2026.

However, with companies like Riot Games, Unity Software, Amazon MGM Studios, Pixar, and Universal Music Group announcing layoffs in the early weeks of 2024, CVL Economics predicts further job cuts in the industry in the coming months.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

Related News

  • NVIDIA GTC 2026 Highlights: AI Chips, Robots Signal New Era

    NVIDIA GTC 2026 Highlights: AI Chips, Robots Signal New Era

    The announcements at NVIDIA GTC 2026 demonstrate how AI development is expanding beyond traditional data centers into robotics, enterprise automation, and space computing.
    James Dean
    Mar 17, 2026
  • Digital Traders Diversify: US Stocks and Strategic Sectors Attract Capital

    Digital Traders Diversify: US Stocks and Strategic Sectors Attract Capital

    A recent private survey of South Korean crypto opinion leaders suggests a growing shift from digital assets toward the stock market.
    Christopher Smith
    Mar 5, 2026
  • AI bot 'Clanker' racks up $34M in swap fees launching Base memecoins

    AI bot 'Clanker' racks up $34M in swap fees launching Base memecoins

    Clanker has raked in over $34.4 million in swap fees by automating the creation and trading of more than 355.000 tokens.
    Sherry Cantwell
    Aug 6, 2025

Latest News

Industry

Cryptocurrency

Airdrop

Markets

  • Brazil’s CVM Launches 60-Day Sprint to Tokenize Securities

    Brazil’s CVM Launches 60-Day Sprint to Tokenize Securities

    The Brazilian Securities and Exchange Commission (CVM) has officially established a dedicated task force to develop an experimental regulatory framework for tokenized securities, providing a fast-tracked timeline for the digital capital market.
    Martha Grizzard
    Jul 21, 2026
  • Hyperliquid Enables Permissionless Markets With HIP-4 Plan

    Hyperliquid Enables Permissionless Markets With HIP-4 Plan

    Hyperliquid has announced a forthcoming enhancement to its HIP-4 upgrade that will allow for the permissionless deployment of decentralized prediction markets.
    Christopher Smith
    Jul 21, 2026
  • DTCC Launches Live Tokenized Asset Trading for Wall Street

    DTCC Launches Live Tokenized Asset Trading for Wall Street

    The DTCC successfully transitioned from pilot testing to live production trades on July 15, 2026, marking the largest-scale institutional tokenization initiative to date.
    Cornell Rachel
    Jul 16, 2026
  • South Korea Updates Asset Law to Include Cryptocurrency

    South Korea Updates Asset Law to Include Cryptocurrency

    The South Korean Ministry of Economy and Finance announced a transition from the 1950 State Property Act to a new National Asset Basic Act to better reflect modern digital resources.
    Martha Grizzard
    Jul 16, 2026
  • New SEC Crypto Rule to Cut Red Tape for Startup Fundraising

    New SEC Crypto Rule to Cut Red Tape for Startup Fundraising

    The U.S. Securities and Exchange Commission plans to introduce a major regulatory framework this month to simplify capital formation and reduce operational hurdles for cryptocurrency businesses.
    Martha Grizzard
    Jul 8, 2026
View more data 

Top

View more
  1. 1S&P 500 Reclaims 200-Day Moving Average, Bitcoin Gains
  2. 2Trump Softens His Stance on Reciprocal Tariffs, US Stocks and Crypto Markets Rise
  3. 3Vitalik Buterin : The current price of ETH has not been affected by the merger event
  4. 4Vibhu Norby : Solana Spaces store to bring 100K people to Solana per month
  5. 5CZ: compared with the record high nine months ago, the current situation of the industry is much better

Top Gainers

View more
Tutorial
TutorialTUT

$0.0670

+90.51%
Bluwhale AI
Bluwhale AIBLUAI

$0.0180

+38.33%
Momentum
MomentumMMT

$0.2312

+36.00%
AI Rig Complex
AI Rig ComplexARCSOL

$0.0721

+35.80%
Biconomy
BiconomyBICO

$0.0574

+23.08%

Top Trending

View more
Bluwhale AI
Bluwhale AIBLUAI

$0.0180

+38.33%
SK 海力士美国存托凭证
SK 海力士美国存托凭证SKHY

$138.990

-0.39%
Test
TestTST

$0.0150

+15.98%
Solana
SolanaSOL

$75.4600

+2.11%
OKB
OKBOKB

$93.5100

+5.72%

Recently added

View more
STONK
STONKSTONK

$0.007620

-2.35%
Coherent
CoherentCOHRB

$379.680

+5.65%
BitMine Immersion Technologies
BitMine Immersion TechnologiesBMNRB

$18.8400

-0.05%
Astera Labs
Astera LabsALABB

$332.980

-4.45%
Credo Technology
Credo TechnologyCRDOB

$250.810

+3.90%

Learn

View more
  1. 1What Are ARC-20 Tokens? How Do ARC-20 Tokens Work?
  2. 2What Is the Usual Protocol? How Does Its Tokenomics Work?
  3. 3What Are AI Agent Frameworks? How Do They Power Cryptocurrency?
  4. 4What Is JPYSC? How Japan’s Regulated Stablecoin Works
  5. 5Are AI Agents Safe for Crypto? How to Secure Your Assets
About Us
  • About BitKan
  • Contact Us
  • Announcements
  • VIP Program
  • BitKan Ambassador
  • Institutional Services
Products
  • Spot
  • Futures
  • Crypto Prices
  • Learn
  • News
  • Markets
  • How to Buy Crypto
  • BTC to USD Calculator
  • Reward
Help
  • Help Center
  • Email Us
  • Live Chat
  • Download APP
  • Listing Application
  • Buy Bitcoin
  • Buy Ethereum
  • Buy Dogecoin
  • Buy Altcoins
Terms
  • Terms of Use
  • Privacy Policy
  • Trading Rules
  • Fee
K-Site
English
About Us
+
  • About BitKan
  • Contact Us
  • Announcements
  • VIP Program
  • BitKan Ambassador
  • Institutional Services
Products
+
  • Spot
  • Futures
  • Crypto Prices
  • Learn
  • News
  • Markets
  • How to Buy Crypto
  • BTC to USD Calculator
  • Reward
Help
+
  • Help Center
  • Email Us
  • Live Chat
  • Download APP
  • Listing Application
  • Buy Bitcoin
  • Buy Ethereum
  • Buy Dogecoin
  • Buy Altcoins
Terms
+
  • Terms of Use
  • Privacy Policy
  • Trading Rules
  • Fee
K-Site
+
  • Twitter
  • Facebook
  • Telegram
  • YouTube
  • Instagram
  • Medium
  • Linkedin
@2012-2026 BITKAN.com