Having been in the crypto world for a long time, I forgot that I worked in the film industry for several years. Every year, I would have regular gatherings with Director Mai to share insights, and AI's impact on the film industry is also significant.

First, let me mention a highly profitable geographic arbitrage: letting foreigners perform exciting short dramas, with AI changing scenes and costumes, then exporting them overseas. Foreigners, who haven't been brainwashed by Chinese film and TV dramas, still have a high demand for dopamine-stimulating content with constant plot twists within a few minutes.
On the other hand, in terms of work, the survival space for screenwriters has been squeezed to the minimum; almost all AI tools can replace screenwriters, and sometimes even produce scripts that are of higher quality.
Secondly, regarding content types, online movies no longer have room to survive. 1-3 minute short dramas tend to rely on dialogue, so AI tools are also used to replace the process. Middle-length dramas of 5-20 minutes require directors more, because besides dialogue, they also need to portray character details or design actions/mystery scenes, etc. The available models are limited, basically just seedance.
As for movies, since they are industrial-grade productions, the space for replacement is currently limited, but auxiliary creation functions have always been used, such as green screens and 3D rendering, especially suitable for producing fantasy, action, and special effects. For literary scenes, AI's role is not significant.
Director Mai, at least, has some fame, having shot "Seven Swords" with Yuan Heping, and has long-term collaborations with Louis Koo, Donnie Yen, Jessica C, and Wong Chung-yeh. Currently, the impact on my work is not significant because of industry recognition.
When I was still in the film industry, I also participated in the production and promotion of "Ip Man 3." The scale of such big productions still has irreplaceable parts. If seeking investors, many film companies will merge with a tech company and then seek financing, claiming to be a tech film company, comparable to Hollywood.