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- 📸 2024 Photography Trends: What You Need to Know, 🎬 Meta Joins Forces with Hollywood on Movie Gen & 📉 X Unveils New Data Sharing Policy!
📸 2024 Photography Trends: What You Need to Know, 🎬 Meta Joins Forces with Hollywood on Movie Gen & 📉 X Unveils New Data Sharing Policy!
Meta is shaking up Hollywood by teaming up with heavyweights like Blumhouse to launch Movie Gen, a groundbreaking AI tool promising to democratize video creation. But wait, while X is cozying up to third-party AI developers by sharing user data, a new report reveals that over half of photographers started their journey as hobbyists. What does this all mean for the future of creativity? Buckle up.
In today's rundown
VISUAL CREATORS
For your artistic side.
The Story: The 2024 Photography Industry Trends Report, based on a survey of over 500 professional photographers, reveals significant insights into how photographers evolve, market, and manage their businesses. It highlights the prevailing genres, spending habits, and the impact of technology in their workflow, showcasing a dynamic shift in the photography landscape.
The Details:
A striking 50.6% of photographers began their careers as childhood hobbyists, reflecting a deep-rooted passion for the craft.
Most respondents (46.9%) shoot between 1,000 to 3,000 images in one session, underscoring the high-volume nature of modern photography.
Nearly 86.6% of photographers leverage social media for marketing, compared to a mere 5.2% using print advertising.
An impressive 54.5% of professionals spend less than $1,000 annually on gear, illustrating budget-consciousness in an age of expensive technology.
Delivery turnaround times remain lengthy, with only 13.4% of photographers able to provide images in under a week, highlighting inefficiencies that could benefit from AI tools.
Why It Matters: The findings paint a vivid picture of a photography industry in transition, where self-taught professionals flourish and technology plays a key role. This report is crucial for creative professionals wanting to understand evolving client expectations, industry standards, and the increasing importance of social media. As the market becomes more competitive, grasping these insights can empower photographers to innovate, streamline workflows, and maintain relevance in a dynamic landscape filled with niche opportunities.
PRODUCTION MASTERY
The commercial aspects of creativity.
The Story: Meta is making significant strides in the creative landscape by collaborating with renowned filmmakers through its new AI tool, Movie Gen. This project aims to democratize video creation, allowing users to generate HD video clips and edit existing footage using simple text prompts. Early partnerships with Blumhouse and notable directors promise to refine this tool before its public launch in 2025.
The Details:
Meta's Movie Gen can create and edit HD video clips up to 16 seconds long from basic text prompts, making video production accessible to more creators.
Blumhouse, famous for horror films, is testing the technology with filmmakers like Casey Affleck and Aneesh Chaganty to gather feedback, indicating a strong interest in AI tools among traditional creatives.
Director Chaganty’s short film, “i h8 ai,” humorously explores his initial skepticism towards AI, showcasing its potential to enhance, rather than replace, human creativity in filmmaking.
Movie Gen is designed to assist creators by providing inspiration, editing functionalities, and sound generation features, positioning it as a collaborator rather than a competitor.
Set to be publicly available in 2025, Movie Gen's development emphasizes the need for ethical interaction with the creative community to ensure it meets the industry's needs.
Why It Matters: Meta wants to frame the conversation differents and make it seems that as AI continues to seep into Hollywood, the fear that it will supplant human artists may be misplaced. Their pitch is that tools like Movie Gen could augment the creative process, making it easier for filmmakers to express their visions. For professionals in the creative industry, staying abreast of such innovations is crucial, as they not only shape the future of content creation but also offer new tools to streamline workflows and enhance storytelling without sacrificing the human touch that is essential for compelling narratives.
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CREATOR ECONOMY
Navigating the digital creative world.
The Story: This week, X (formerly known as Twitter) rolled out an update to its Terms of Service that allows the company to share user data with third-party platforms for AI training. Effective November 15, users must agree to these terms simply by continuing to use the app, which means nearly everything they post can potentially feed AI models created by others.
The Details:
Users will automatically be opted in to have their data, including tweets, likes, and bookmarks, used by third parties unless they specifically opt-out.
According to the new Terms, users agree that X has the right to analyze and utilize their content for improving services and training AI, essentially licensing their contributions to the platform.
Currently, while EU users have tighter data privacy protections and a potential opt-out option, users in the rest of the world will find limited alternatives.
X may sell user data to third-party AI developers, providing it with a lucrative revenue stream amidst a fluctuating advertising market.
The company has extended its data access period, allowing it to retain private data for an unspecified duration, potentially as long as the account is active.
Why It Matters: For creative professionals, this change presents significant implications. Your tweets, thoughts, and interactions could become fodder for AI models, often outside your control or consent. This shift highlights the importance of understanding data ownership and user rights in the ongoing battle for content and creation. The potential monetization of your online persona could reshape not only the usage of social media but the role of creativity and individual expression in the age of AI.
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🔥 Press Worthy
📽️ VISUAL CREATORS
Sotheby’s auction just shattered records with a $4.56 million sale of Ansel Adams’ work, showcasing the iconic photographer’s lasting impact. The Meredith Collection boasted 96 lots, with 41 images setting new high prices, proving that Adams’ legacy continues to resonate globally.
Fujifilm's Franck Bernard claims young people have shifted from traditional photography to video content creation, with their new X-M5 camera tailored for YouTube. This shift reflects a broader trend where younger generations favor social media and vlogging over classic photography, altering the market landscape.
📈 PRODUCTION MASTERY
Penguin Random House takes a stand against unlicensed AI scraping by changing copyright language in its books. This new policy aims to prevent AI companies from using its authors' works for training, contrasting with other publishers who have licensed their material, potentially shaping the future of AI content sourcing.
Nikon has officially renamed its annual Nikon Photo Contest to the Nikon Film and Photo Contest, recognizing filmmaking's role alongside photography. Opening for entries on October 30, 2024, this global competition invites all creators, regardless of equipment, to showcase their talent!
🎭 CREATOR ECONOMY
Instagram chief Adam Mosseri suggests leveraging carousels to boost your reach! With up to 20 frames and music, they spark more interactions. Each swipe increases visibility, plus they now show in the Reels tab. Incorporate carousels for enhanced engagement and discoverability!
Midjourney is set to launch a web tool allowing users to edit any web images with its AI technology. CEO David Holtz mentioned this upgrade will help users repaint details based on captions. However, concerns about copyright and deepfake proliferation hang heavy as the rollout approaches.
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📽️ VISUAL CREATORS
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📈 PRODUCTION MASTERY
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