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00:02Disney and Universal filed a landmark copyright lawsuit against AI image generator MidJourney, according to Benzinga.
00:08Studios accused the startup of exploiting protected characters like Elsa, Darth Vader, and the minions for profit.
00:14The play describes MidJourney as a bottomless pit of plagiarism,
00:17pledging to build a $300 million business by enabling users to generate images based on iconic IP without permission.
00:24Studios say MidJourney continue to monetize their characters through paid plans ranging from $10 to $120 per month.
00:30The suit marks a major test of copyright law in the age of generative AI,
00:35following similar cases filed by Reddit and Getty against other AI firms.
00:39Disney and Universal argue the infringement harms not just their own brands,
00:42but the entire $260 billion American film industry.
00:46For all things money, visit Benzinga.com.
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