Acclaimed filmmaker Shekhar Kapur delivered a stark warning to Hollywood studios and tech giants at WAVES Film Bazaar, declaring that artificial intelligence will trigger the collapse of traditional entertainment industry hierarchies and predicting that major corporations built on high entry barriers may not survive the transition.

Speaking at a session titled “Bringing AI and Creativity Together to Craft Stories that Inspire,” moderated by Sujay Sen, executive VP and global head of interactive services at LTI Mindtree, the director of “Elizabeth” and “Bandit Queen” emerged from judging entries for India’s first AI Film Festival with a provocative assessment: “Large corporations are about to fall because the pyramid is going flat. New corporations will be formed.”

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