Lion King director says AI is a 'Wild West,' but has the potential to democratize filmmaking

Artificial intelligence is a "Wild West" with "very few rules" — but it has the potential to democratize the film industry in the long term, according to the director of "The Lion King."

Rob Minkoff, who co-directed the classic 1994 animated Disney film with Roger Allers, told CNBC in an interview that AI has the potential to "democratize" filmmaking in such a way that it'll become less costly to produce and direct motion pictures by slashing the amount of expensive equipment involved. 

"I think what AI will do is potentially democratize the process of making content, because if literally anyone is given these incredibly powerful tools, then what we should see is truly an explosion of content, an explosion of new voices," Minkoff, 62, told CNBC. 

Minkoff was speaking with CNBC ahead of the Reply AI Film Festival. The event, held by Italian tech firm Reply during the Venice International Film Festival, is a competition that awards filmmakers using AI to develop short films. Minkoff is a judge on the panel that decides the winners. 

The arrival of new technology has for decades been a fear among people working in the film industry, Minkoff noted. For example, when computer animation arrived in the 1990s, there were similar fears about the impact it would have on jobs.

"When computer animation came along, there were a lot of people that were very afraid about it — what it would mean, how it would impact people's jobs," Minkoff, who also directed 1999's "Stuart Little" and 2003's "The Haunted Mansion," told CNBC. 

"What became very apparent early on was that, if people wanted to maintain their own personal relevancy in the industry, it became very important for them to really learn and adapt to changes in technology," he added.