Skydance has become the latest, and perhaps loudest, major Hollywood studio to explain how it plans to use AI to cut costs. After its $111 billion acquisition of Warner Bros. Discovery last month, the company is carrying $87 billion in debt and looking to slash expenses.
On Monday, Skydance outlined plans to save at least $6 billion a year within three years, with AI playing a key role in everything from office work and computer programming to film production. “Growing our business and paying down debt are our top priorities,” the company told shareholders.
In a letter to shareholders and subsequent earnings call, executives broke down where the savings will come from:
- Corporate operations: $2.2 billion. Combining departments,…