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May 28, 2025 • 13 mins

Jeffrey Katzenburg, Co-Founder of DreamWorks SKG discusses the future of AI video advertising alongside Creatify CEO and Co-Founder Yinan Na. They are both joined by Bloomberg's Romaine Bostick, Alix Steel and Scarlet Fu.

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Speaker 1 (00:00):
Artificial intelligence avatars. The Arizona Supreme Court is using the
tech to simplify and report on court rulings with the
public now. These avatars avatars were made by a company
called Creati five.

Speaker 2 (00:11):
It's an AI video.

Speaker 1 (00:11):
Ad platform that just raise about fifteen point five million
dollars in a series a funding round co led by
Wonderco and Kindred Ventures. Please to say, joining us now
to discuss that is Jeffrey Katzenberg, founding partner at Wonderco,
and enon Na, the co founder and CEO of Creati five.

Speaker 2 (00:28):
Welcome to both of you.

Speaker 1 (00:29):
Great to see you, Jeffrey and enon I want to
start with you because I'm absolutely fascinated by what you're doing.
When somebody told me about Creative five, my first thought
was why would.

Speaker 2 (00:38):
I need this? This is for playing games?

Speaker 1 (00:40):
And someone pointed out this Supreme Court, the Arizona Supreme
Court using this as a way to sort of explain
these rulings, explain what's on the public docket. Can you
just say, explain to me how you came up with
this idea and did you expect it to be used
in that type of application.

Speaker 3 (00:57):
Thanks for having me, so we started this idea of
experience working as snaptats or help build a Snapchat video
platform cos small line. So we realize there's a tremendous
demand for this short from video parrel right like there's
all the advertisers want to run on as with the
short from video platform formats. And so we inspire us

(01:18):
to pre this idea, to use AI to radically make
the video preation easier.

Speaker 4 (01:23):
And I mean, to be honest, we didn't.

Speaker 3 (01:25):
It's back the use case you just described, but we
are actually applying our video technology to different use case
right starting from advertising. Now we're seeing new use case
like what you just mentioned, and it's very pascitating us.

Speaker 1 (01:39):
So, Jeffrey, I am curious as to how you came
about this. Of course you've been investing in a lot
of companies in the entertainment and the tech space, and
it's all kind of of course, we now see this
is all kind of merge together calling the tech media.
It's kind of a mood at this point when you
came across what non was doing. What was it about
it that made you take interest?

Speaker 4 (01:59):
Well, I think a couple of things.

Speaker 5 (02:00):
So One, storytelling tools have always evolved, and I've always
been looking for whatever the best tools are to put
in the hands of storytellers, and great technology turns storytelling
into really a creator and a business success, which is

(02:20):
in fact what Creatify does. The thing I keep coming
back to and just feel so strongly about is the
human touches everything AI. It follows a vision, direction and feedback,
and so Creatify isn't replacing the marketers, it's actually amplifying them.

Speaker 6 (02:43):
Does it worry you, Jeffrey, that at some point it's
going to just take away jobs on the creative front.
I mean, I know this is just one slice, and
it's not necessarily like writing or directing a movie, but
you can see how we'd get there.

Speaker 5 (02:56):
Again, I come back to the human touch here, I
think is just absolutely essential and fundamental. And so the
answer is what I think it does is it democratizes storytelling. So,
as a perfect example here, what Creatify does, very specifically
around advertising and advertising is very much a story telling enterprise,

(03:21):
and it takes something that would cost many, many tens
of thousands of dollars and maybe take four or six
or eight weeks, and it actually is able to do
it in minutes and at a fraction of the cost.

Speaker 4 (03:35):
And so what that.

Speaker 5 (03:36):
Means is is that you have the best tools in
the hands of more people than ever before, and out
of that is going to come great work, great creativity,
and I think ultimately business success, you know.

Speaker 6 (03:49):
And Jeffrey brings in that human touch element which always
raises the question of the inputs, right like the lms,
the large language models, where you're getting the source rum
to then fuel the AI and the copyright issues surrounding that,
how are you guys thinking about it?

Speaker 4 (04:04):
So we actually.

Speaker 3 (04:05):
Take a lot of data from the brand itself and
we augmented using our AI. So the way it works
is we'll take the information from the brand and we'll
ingest into our video generation model, and our video generator
be able to analyze all the information and be able
to general very personalized, tailor made advertising content.

Speaker 4 (04:27):
For each brand.

Speaker 3 (04:28):
And we take like data privacy and trust safety very
seriously and we have very strict content moderation rule to
make sure all the data are used properly.

Speaker 1 (04:38):
Is there a sense though, and when we talk about
the use case for this, what do you think the
trust level for users are going to be? So we
use as an example of the Arizona Supreme court, and
it's a certain practical application. There's been other cases where
people have tried to use AI avatars in court room
functions without necessarily informing the court that they were using them.

(04:59):
That's led to a lot of laughs, but it's also
reason about a question about what I can believe with
my own eyes? How do I know what's real when
I see AI has gotten so good?

Speaker 3 (05:13):
Yeah, yeah, definitely like making a lot of like change
to how advertising world works and the way we use
is we use like to really empower a lot of
business because traditionally, like for a small business.

Speaker 4 (05:26):
Owner, if they want to run video advertising.

Speaker 3 (05:28):
It's costs like thousands of dollars two to four weeks
and it's very cost prohibited. We qualify, we actually can
empower them to be able to create a video ass
within minutes and be able to grow their business.

Speaker 4 (05:41):
So what we do here.

Speaker 3 (05:43):
Is really to empower like entrepreneurship, empowered business so they
can actually focus what matters to grow their business.

Speaker 4 (05:50):
So that's also the vision of really.

Speaker 5 (05:52):
Five and remain it does it does well? Listen, It
does raise a point here which is should there be guardrails?
And the answer I believe is yes. But of something
that is so young and is evolving so quickly. The

(06:14):
balance here is between extraordinary speed of innovation and protection
and whether it's protection around copyright or it's for protection around.

Speaker 4 (06:28):
Truth in fact.

Speaker 5 (06:31):
You know, these are super important issues and I don't
know that we have the answers yet, but clearly there
need to be some guardrails.

Speaker 1 (06:41):
I want to well, let me go in the creative space,
particularly given your background, Jeffrey obviously founding dream Works and
your time as a chairman of Disney Studios back in
the day kind of when movies were made still the
old fashioned way, and we've seen the evolution of technology
and now artificial intelligence in movie making as well.

Speaker 2 (06:59):
It was interesting use case, particularly in.

Speaker 1 (07:01):
The latest release of Fortnite and the use of AI
with some of the voices in there. Uh. You know,
I don't know what the business terms of that were,
what sort of contracts were signed, but it seemed to
raise a lot of hackles about fair use, about transparency
of use. And I am curious, and particularly in the
creative fields, how you see this evolving. I know it
can be complementary to the human.

Speaker 2 (07:23):
Creative but will it be will we as humans be
willing to accept that.

Speaker 5 (07:28):
Well, you know, that's on us. I mean I would
say to you yes. And you know, it's interesting because
if you go back and you look at how uh,
you know, the the evolution of these uh, you know tools,
you know, you look at animation going from a two
D business into you know, a CG business hand drawn

(07:50):
into state of the art computer animation was an amazing
disruption and uh.

Speaker 4 (07:57):
And yet animation today is.

Speaker 5 (08:00):
Bigger than it's ever been, and there are more people
employed working in it than ever before. The jobs, some
of which have been reinvented, some of which are new,
some of which.

Speaker 4 (08:10):
Have gone away.

Speaker 5 (08:12):
But it has absolutely been a tremendous positive impact on
the business. And so I look at what's happening today.
I don't think this is an evolutionary moment. It's a
revolutionary moment. It's impossible to see these incredible new releases,
whether it's Vo three coming out of Google or the

(08:34):
things that we are seeing coming out of Open AI
and Anthropic, and it is breathtaking. It's happening so fast
that I think there is anxiety of can we keep
up with this? Can we manage it in a productive way?
And one that protects, you know, creative rights and all

(08:58):
the things that surround that.

Speaker 6 (09:00):
Well, Jeffrey, to that point, no one would have seen
this evolution coming in Hollywood for example, right, It's been
quite a ride. And COVID totally disrupt the industry also, so.

Speaker 4 (09:12):
You got to add that.

Speaker 2 (09:12):
On to it.

Speaker 6 (09:13):
Fast forward for me five years, what does Hollywood and
the movie industry look like in the AI world and
in reality like it we're all gonna be watching bots
on YouTube?

Speaker 4 (09:23):
Like what is it?

Speaker 5 (09:25):
I think it's many things, is the answer to that, Alex.
I don't think it is just going to be one size,
you know, fits all here do I think there are
going to be movies and movie experiences. Absolutely from anybody
that went to the movie theaters this past weekend, the
biggest you know, Memorial weekend in the history of the
business with two incredible movies, you know, Yes, there's a

(09:48):
future for that. People love that communal experience.

Speaker 4 (09:52):
On the end of other end of it.

Speaker 5 (09:53):
You see TikTok and you see what you know creators
are doing today and YouTube has never ever been bigger
than it is right now, and so I'm very optimistic.
I do think there are new forms of storytelling, of
which these tools are going to be accelerants to that,

(10:14):
if not catalysts to them occurring. I don't believe it's
the end of Hollywood, not even a little bit. I
think probably just the opposite.

Speaker 4 (10:23):
Will it function in the way.

Speaker 3 (10:24):
That it has in the past, Absolutely not.

Speaker 5 (10:27):
You know, at the Walt Disney Studio, we had one
hundred and thirty thousand frames of film, every single one
of which was drawn by hand with a pencil and
then inked and painted by hand. And then toy story
comes along, changes everything, and the outcome of it ultimately

(10:48):
was great success for Hollywood, for storytelling, for creators.

Speaker 4 (10:53):
For business.

Speaker 6 (10:55):
As long as we all know that we still need
financial anchors on television. That's that's the important part.

Speaker 2 (11:01):
We never want to lose that.

Speaker 5 (11:03):
You know, that's existential. It's not essential, it's existential.

Speaker 4 (11:07):
That's right there.

Speaker 6 (11:08):
You go, Thank you, Jeffrey.

Speaker 5 (11:09):
I appreciate that back that I have good skincare, which
I learned about while we were waiting for you. I
think that's an important perk that needs to go with
the job.

Speaker 6 (11:17):
I think it's important. I think there should be a
budget for that, you know, and to put this into
perspective talking about utilizing AI in many different forms. Yes,
and it's not an or. Who are some of your
customers right now? What kind of brands use your product
and how are they using it?

Speaker 3 (11:35):
Yeah, we have a range of different customers from like
SMB owners to like marketers to agencies, and recently we
also got amazing traction from like very big brands like
Ali Baba, like sound Perks, like Hotspots using our tools,
so really serving them with their marketings and also all
their performance marketing team.

Speaker 4 (11:56):
Are you using on our tools and how do you
like that to grow?

Speaker 6 (12:01):
Like what of the kind of brands are you targeting
and what's your pitch to them?

Speaker 3 (12:05):
So basically we started involved by building this like yeah,
ad Maker, which is a video question tool, but now
we're actually evolved into an end to end video ass solution,
not only helping brand with just app creation, also help
with the head research which is before the quation and
after creation, we help them to deploy to a different
platform and doing an organization. So really it's a one

(12:27):
stop shop for all your performance marketing needs.

Speaker 1 (12:30):
So you just tell us here, I mean, just so
I'm going to give you the final word here, I
mean where does this go next? I don't mean just
for a creative five but overall, I mean you built
something cool, You've raised some good money. Obviously you got
a long way to go to sort of get up
to the heights that we've seen with other companies in
this space. But when you look at the foundation that
you have, you look at the adoption of AI and

(12:51):
AI adjacent technology.

Speaker 2 (12:53):
What do you see as the future?

Speaker 3 (12:56):
We see the future is they're going to be like
a very intelligent ad agents which pretty much can automate
everything along the performance marketing journey.

Speaker 4 (13:04):
Right.

Speaker 3 (13:05):
You can think of like the best teammates we specialized
in paid asks can take care of everything from like
the inspiration to decreation to the delivery and the final
automatician and they can do it continuously. So really we're
going to create like marketers, like brands from like the
manual tedious work and let them to focus more higher,

(13:27):
hire all their tasks right doing the designing, messaging, or
grow their business.

Speaker 4 (13:32):
I think that's the vision we are in vision out
of thirty five.

Speaker 6 (13:35):
We really appreciate your time today, both of you. Thank
you so very much. Good luck with all of that.
Please come back and let us know how all of
it is progressing. Jeffrey Katzenberg, founding partner of Wonder Code.
He's gonna go out and get some skincare in just
a second. And in and A co founder and CEO
of Creatify as well,
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