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> wrestle control of copyright out of the hands of Disney, Warner Brothers,

With generative AI, more content will be made on a per-year basis than all of recorded human history prior.

I don't think the kids will give a damn about Star Wars when they can make their own "Space Pirates vs Steampunk Captain Nemo 20XX: Ultimate Dad Joke Battle The Stakes Have Never Been Higher 2"

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This has historically shown to not be the case. In the modern era, there's rarely any value in a raw idea, but how it affects those who observe it (mainly can it drive them to buy toys). It's been pretty consistently shown people like what's familiar, so we get an endless stream of mid sequels

When have kids (or any other non-specialist) previously been able to create their own customised blockbuster series, that looks like a professionally made show?

There was a time, a good few years ago, that the free 3D animation software Muvizu (sadly no longer around) envisioned kids doing just that. Here's a clip produced with Muvizu using assets from Shawn the Sheep. (Muvizu was at the time discussing collaborations with Aardman.)

https://www.youtube.com/watch?v=GF9Ul_hv55s

Isn't that still a fair way off...?

Yes, it probably is - but we can see the first glimmerings of it now. I thought that was what the parent comment was referring to, anyway.

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