Roku (ROKU) CEO and chairman Anthony Wood believes the first 100% AI-generated “hit movie” will debut within the next three years, believing generative AI is going to impact the media industry by lowering the cost of content creation, Jennifer Maas of The Variety reports, citing comments made by Wood. Additionally, Wood notes the creation of the $3-per-month ad-free streaming offering is not meant to replace other larger streaming services, but to provide customers with the option of ad-free access to its content.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROKU:
- Roku price target raised to $160 from $145 at Citizens
- Seaport digital advertising analysts hold analyst/industry conference call
- Roku Stock (ROKU) Has More Than 30% Upside, Says Evercore
- Alphabet upgraded, Nike downgraded: Wall Street’s top analyst calls
- Roku upgraded to Outperform from In Line at Evercore ISI