Media industry
fromArs Technica
1 week agoOpenAI plans to shut down Sora just 15 months after its launch
OpenAI is shutting down the Sora video generation app, focusing instead on business and productivity applications.
DramaBox, one of the leading producers of the short-video format filled with soapy tropes, has been seeking fresh funding from US backers, according to two people with direct knowledge of its efforts. One said DramaBox's fundraising goal was $100 million with a $500 million valuation. DramaBox is part of Singapore-based StoryMatrix, and is behind titles like "A Deal with the Hockey Captain" and "The Lost Heir: A Christmas Reckoning" that it monetizes through one-off payments, subscriptions (usually $20 a week), and ads.