Matthew Griffin, described as “The Adviser behind the Advisers” and a “Young Kurzweil,” is the founder and CEO of the World Futures Forum and the 311 Institute, a global Futures and Deep Futures consultancy working between the dates of 2020 to 2070, and is an award winning futurist, and author of “Codex of the Future” series. Regularly featured in the global media, including AP, BBC, Bloomberg, CNBC, Discovery, RT, Viacom, and WIRED, Matthew’s ability to identify, track, and explain the impacts of hundreds of revolutionary emerging technologies on global culture, industry and society, is unparalleled. Recognised for the past six years as one of the world’s foremost futurists, innovation and strategy experts Matthew is an international speaker who helps governments, investors, multi-nationals and regulators around the world envision, build and lead an inclusive, sustainable future. A rare talent Matthew’s recent work includes mentoring Lunar XPrize teams, re-envisioning global education and training with the G20, and helping the world’s largest organisations envision and ideate the future of their products and services, industries, and countries. Matthew's clients include three Prime Ministers and several governments, including the G7, Accenture, Aon, Bain & Co, BCG, Credit Suisse, Dell EMC, Dentons, Deloitte, E&Y, GEMS, Huawei, JPMorgan Chase, KPMG, Lego, McKinsey, PWC, Qualcomm, SAP, Samsung, Sopra Steria, T-Mobile, and many more.
WHY THIS MATTERS IN BRIEF
Humans are pretty rubbish at picking future big blockbusters, and as it turns out AI is twice as good …
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Artificial Intelligence (AI) is already helping the A&R industry pick future music blockbusters and artists, but the film world is also full of intriguing what-ifs with Warner Brothers especially interested in using AI to help it pick the future winners. Will Smith famously turned down the role of Neo in The Matrix, and then ironically was Deepfaked into a version of it, which looks cool … Nicolas Cage was cast as the lead in Tim Burton’s Superman Lives, but he only had time to try on the costume before the film was canned. Actors and directors are forever glancing off projects that never get made or that get made by someone else, and fans are left wondering what might have been.
For the people who make money from movies, that isn’t good enough.
If casting Alicia Vikander instead of Gal Gadot is the difference between a flop and smash hit, they want to know. If a movie that bombs in the US would have set box office records across Europe, they want to know. And now, artificial intelligence can tell them.
Los Angeles-based startup Cinelytic is one of the many companies promising that AI will be a wise producer. It licenses historical data about movie performances over the years, then cross-references it with information about films’ themes and key talent, using machine learning to tease out hidden patterns in the data. Its software lets customers play fantasy football with their movie, inputting a cast, then swapping one actor for another to see how this affects a film’s projected box office.
Say you have a summer blockbuster in the works with Emma Watson in the lead role, says Cinelytic co-founder and CEO Tobias Queisser. You could use Cinelytic’s software to see how changing her for Jennifer Lawrence might change the film’s box office performance.
“You can compare them separately, compare them in the package. Model out both scenarios with Emma Watson and Jennifer Lawrence, and see, for this particular film … which has better implications for different territories,” Queisser told reporters.
Cinelytic isn’t the only company hoping to apply AI to the business of film. In recent years, a bevy of firms has sprung up promising similar insights. Belgium’s ScriptBook, founded all the way back in 2015, says its algorithms can predict a movie’s success just by analyzing its script. Israeli startup Vault, founded the same year, promises clients that it can predict which demographics will watch their films by tracking, among other things, how its trailers are received online. Another company called Pilot offers similar analyses, promising it can forecast box office revenues up to 18 months before a film’s launch with “unrivalled accuracy.”
The water is so warm, even established companies are jumping in. Last November, 20th Century Fox explained how it used AI to detect objects and scenes within a trailer and then predict which “micro-segment” of an audience would find the film most appealing.
Looking at the research, 20th Century Fox’s methods seem a little hit or miss though. Analyzing the trailer for 2017’s Logan, the company’s AI software came up with the following, unhelpful tags: “facial_hair,” “car,” “beard,” and — the most popular category of all — “tree.” But Queisser says the introduction of this technology is overdue and still developing.
“On a film set now, it’s robots, it’s drones, VR rigs, it’s super high-tech, but the business side hasn’t evolved in 20 years,” he says. “People use Excel and Word, fairly simplistic business methods. The data is very siloed, and there’s hardly any analytics.”
That’s why Cinelytic’s key talent comes from outside Hollywood. Queisser used to be in finance, an industry that’s embraced machine learning for everything from high-speed trading to calculating credit risk. His co-founder and CTO, Dev Sen, comes from a similarly tech-heavy background: he used to build risk assessment models for NASA.
“Hundreds of billions of dollars of decisions were based on [Sen’s work],” says Queisser. The implication: surely the film industry can trust him as well.
But are they right to? That’s a harder question to answer. Cinelytic and other companies reporters spoke to declined to make any predictions about the success of upcoming movies, and academic research on this topic is slim. But ScriptBook did share forecasts it made for movies released back in 2018 and 2019, pre-pandemic, which suggest the company’s algorithms are doing a pretty good job.
In a sample of 50 films, including Hereditary, Ready Player One, and A Quiet Place, just under half made a profit, giving the industry a 44 percent accuracy rate in predicting future “winners.” ScriptBook’s algorithms, by comparison, correctly guessed whether a film would make money 86 percent of the time.
“So that’s twice the accuracy rate of what the industry achieved,” said ScriptBook data scientist Michiel Ruelens.
An academic paper published on this topic in 2016 similarly claimed that reliable predictions about a movie’s profitability can be made using basic information like a film’s themes and stars. But Kang Zhao, who co-authored the paper along with his colleague Michael Lash, cautions that these sorts of statistical approaches have their flaws.
One is that the predictions made by machines are frequently just blindingly obvious. You don’t need a sophisticated and expensive AI software to tell you that a star like Leonardo DiCaprio or Tom Cruise will improve the chances of your film being a hit, for example.
Algorithms are also fundamentally conservative. Because they learn by analyzing what’s worked in the past, they’re unable to account for cultural shifts or changes in taste that will happen in the future. This is a challenge throughout the AI industry, and it can contribute to problems like AI bias.
Zhao offers a more benign example of algorithmic short sightedness: the 2016 action fantasy film Warcraft, which was based on the MMORPG World of Warcraft. Because such game-to-movie adaptations are rare, he says, it’s difficult to predict how such a film would perform. The film did badly in the US, taking in only $24 million in its opening weekend. But it was a huge hit in China, becoming the highest grossing foreign language film in the country’s history.
There are similar stories in ScriptBook’s historic predictions. The company’s software correctly greenlit Jordan Peele’s horror hit Get Out, but it underestimated how popular it would be at the box office, predicting $56 million in revenue instead of the actual $176 million it made. The algorithms also rejected The Disaster Artist, the tragicomic story of Tommy Wiseau’s cult classic The Room, starring James Franco. ScriptBook said the film would make just $10 million, but it instead took in $21 million — a modest profit on a $10 million film.
As Zhao puts it: “We are capturing only what can be captured by data.” To account for other nuances, like the way The Disaster Artist traded on the memeiness of The Room, you have to have humans in the loop.
Andrea Scarso, a director at the UK-based Ingenious Group, agrees. His company uses Cinelytic’s software to guide investments it makes in films, and Scarso says the software works best as a supplementary tool.
“Sometimes it validates our thinking, and sometimes it does the opposite: suggesting something we didn’t consider for a certain type of project,” he said. Scarso says that using AI to play around with a film’s blueprint — swapping out actors, upping the budget, and seeing how that affects a film’s performance — “opens up a conversation about different approaches,” but it’s never the final arbiter.
“I don’t think it’s ever changed our mind,” he says of the software. But it has plenty of uses all the same. “You can see how, sometimes, just one or two different elements around the same project could have a massive impact on the commercial performance. Having something like Cinelytic, together with our own analytics, proves that [suggestions] we’re making aren’t just our own mad ideas.”