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Hollywood's AI Future: Wonder Studios, Backed by OpenAI & DeepMind Alumni, Secures $12M!

Published 2 days ago3 minute read
Uche Emeka
Uche Emeka
Hollywood's AI Future: Wonder Studios, Backed by OpenAI & DeepMind Alumni, Secures $12M!

Wonder Studios, an AI creative studio based in London, has successfully raised $12 million in seed funding. This investment aims to significantly scale its production capabilities amidst a broader industry push to integrate AI-generated content into the entertainment sector. The funding round was spearheaded by Atomico, with continued support from existing investors LocalGlobe and Blackbird. This new capital builds upon Wonder's prior pre-seed investment, which notably included contributions from executives at ElevenLabs, Google DeepMind, and OpenAI.

With the fresh infusion of funds, Wonder Studios plans to double the size of its engineering team and accelerate its strategic initiatives focusing on IP ownership and the creation of original content. This drive for intellectual property ownership is particularly pertinent given the current wave of legal actions initiated by Hollywood producers against AI companies. These lawsuits target AI firms both for training their models on copyrighted material and for generating outputs that feature protected characters, exemplified by Disney and Universal Studios' legal battles against Chinese company MiniMax and AI image generator Midjourney.

Wonder Studios has already demonstrated its creative prowess through various projects. The team recently collaborated with DeepMind, YouTube, and Universal Music Group to produce an AI music video for Lewis Capaldi’s ‘Something in the Heavens’. Additionally, Wonder launched its inaugural original production, the “Beyond the Loop” anthology series. Looking ahead to next year, Wonder is actively developing several commercial and original projects, including an upcoming documentary in partnership with Campfire Studios, known for Netflix documentaries such as “The Menendez Brothers” and “America’s Sweethearts: Dallas Cowboys Cheerleaders.” Ross Dinerstein, CEO of Campfire, is also an investor in Wonder Studios.

The funding announcement for Wonder Studios comes at a time when Netflix is committing fully to generative AI, viewing it as a tool to enhance the efficiency of creatives in storytelling. However, AI remains a contentious topic within the entertainment industry, with many artists expressing significant concerns that AI tools, especially those powered by Large Language Models (LLMs) often trained on their work without explicit consent, could pose a threat to their livelihoods. OpenAI’s Sora, for instance, has drawn criticism for potentially reproducing actors’ likenesses without prior notice or consent.

In this evolving landscape, Wonder Studios positions itself as a solution for “Hollywood without borders,” aiming to democratize access to AI storytelling tools for all creators. The company's dedicated app functions as a central hub, connecting its community of creators with various career opportunities, potential collaborators, and essential resources. Justin Hackney, Chief Commercial Officer and co-founder of Wonder Studios, articulated the company’s mission: “The next decade will define what creativity looks like in the age of AI. Our mission is to ensure that this future belongs to the storytellers. Working with leading studios, industry pioneers, and grassroots filmmakers, we’re already creating a bridge where technology and artistry grow together.” A previous headline erroneously stated OpenAI's involvement with Wonder Studios, which has since been clarified.

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