Tyler Perry Puts $800M Studio Plan On Hold Due To AI Advancements

Staff Report From Georgia CEO

Monday, February 26th, 2024

Artificial intelligence (AI) has altered Tyler Perry’s plans for a significant business venture.

According to The Hollywood Reporter, Perry was looking to expand his 330-acre studio in Atlanta, GA, adding 12 soundstages to the property. However, the $800 million project is now being halted, and Perry cites AI-powered platform Sora and its capabilities for the decision. Per Sora’s website, the platform offers a text-to-video model that can generate videos up to one minute long according to the user’s prompt.

Read More at Yahoo! FInance.