Citic Securities says competition among video-generation models is moving from
pure quality benchmarks to production-ready output and commercial monetization,
with AI-generated drama emerging as the first large-scale consumption scenario.
Seedance2.5 boosts delivery efficiency through long-duration generation,
multimodal referencing and consistency editing; platforms such as Tomato Novel,
creator centers and production studios are assuming IP development and mass
production. Hongguo is building a commercial outlet via free content,
algorithmic distribution and ad/e‑commerce monetization while using moderation,
revenue-sharing and investment to upgrade supply; ByteDance is creating a closed
loop across models, content, traffic and monetization. With content supply
expanding and distribution/promotion resources becoming scarce, the core
bottleneck has shifted from production capacity to effective supply,
concentrating value toward firms with high commercialization efficiency, premium
IP and production capabilities, high-quality corpora and deep partnerships with
Hongguo.
