{"id":2343980,"date":"2026-03-24T19:31:43","date_gmt":"2026-03-24T19:31:43","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2343980"},"modified":"2026-03-24T19:31:43","modified_gmt":"2026-03-24T19:31:43","slug":"val-kilmer-and-immortal-ip-stars-private-equitys-next-play","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/val-kilmer-and-immortal-ip-stars-private-equitys-next-play\/","title":{"rendered":"Val Kilmer and Immortal IP Stars: Private Equity\u2019s Next Play"},"content":{"rendered":"<p><\/p>\n<div dir=\"auto\">\n<div class=\"captioned-image-container\"><a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/substackcdn.com\/image\/fetch\/$s_!Tw6P!,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd9e805ca-b784-4004-9b51-e18fd845e1e2_2000x1333.jpeg\" data-component-name=\"Image2ToDOM\" rel=\"\" class=\"image-link image2 is-viewable-img can-restack\"><\/p>\n<div class=\"image2-inset can-restack\"><img decoding=\"async\" src=\"https:\/\/substackcdn.com\/image\/fetch\/$s_!Tw6P!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd9e805ca-b784-4004-9b51-e18fd845e1e2_2000x1333.jpeg\" width=\"1456\" height=\"970\" data-attrs=\"{&quot;src&quot;:&quot;https:\/\/substack-post-media.s3.amazonaws.com\/public\/images\/d9e805ca-b784-4004-9b51-e18fd845e1e2_2000x1333.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:970,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:1188979,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image\/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https:\/\/theankler.com\/i\/191938922?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd9e805ca-b784-4004-9b51-e18fd845e1e2_2000x1333.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}\" alt=\"\" srcset=\"https:\/\/substackcdn.com\/image\/fetch\/$s_!Tw6P!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd9e805ca-b784-4004-9b51-e18fd845e1e2_2000x1333.jpeg 424w, https:\/\/substackcdn.com\/image\/fetch\/$s_!Tw6P!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd9e805ca-b784-4004-9b51-e18fd845e1e2_2000x1333.jpeg 848w, https:\/\/substackcdn.com\/image\/fetch\/$s_!Tw6P!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd9e805ca-b784-4004-9b51-e18fd845e1e2_2000x1333.jpeg 1272w, https:\/\/substackcdn.com\/image\/fetch\/$s_!Tw6P!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd9e805ca-b784-4004-9b51-e18fd845e1e2_2000x1333.jpeg 1456w\" sizes=\"100vw\" fetchpriority=\"high\" class=\"sizing-normal\"\/><\/div>\n<p><\/a><strong>POSTHUMOUS PLAYER <\/strong><span>An AI-assisted version of the late Val Kilmer appears in the upcoming film <\/span>As Deep as the Grave<span>. (The Ankler illustration; First Line Films)<\/span><\/div>\n<p data-attrs=\"{&quot;url&quot;:&quot;https:\/\/theankler.com\/p\/val-kilmer-immortal-ip-stars-ai-posthumous-performance?utm_source=substack&amp;utm_medium=email&amp;utm_content=share&amp;action=share&quot;,&quot;text&quot;:&quot;Share&quot;,&quot;action&quot;:null,&quot;class&quot;:null}\" data-component-name=\"ButtonCreateButton\" class=\"button-wrapper\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/theankler.com\/p\/val-kilmer-immortal-ip-stars-ai-posthumous-performance?utm_source=substack&amp;utm_medium=email&amp;utm_content=share&amp;action=share\" rel=\"\" class=\"button primary\"><span>Share<\/span><\/a><\/p>\n<h5><span>I cover Hollywood and AI. I wrote about <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/theankler.com\/p\/why-did-ben-affleck-start-an-ai-company\" rel=\"\">Ben Affleck selling his AI company<\/a><span> to Netflix, the enertainment industry\u2019s meltdown over <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/theankler.com\/p\/when-pitt-fought-cruise-why-hollywood-could-barely-punch-back\" rel=\"\">ByteDance\u2019s Seedance<\/a><span>, and how Hollywood choked the rise of <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/theankler.com\/p\/how-hollywood-choked-sora-2s-rise\" rel=\"\">OpenAI video model Sora<\/a><span>.<\/span><\/h5>\n<div class=\"captioned-image-container\"><a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/substackcdn.com\/image\/fetch\/$s_!jaQF!,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1218770-5e2c-4a92-928e-fe2e32380266_750x10.png\" data-component-name=\"Image2ToDOM\" rel=\"\" class=\"image-link image2 can-restack\"><\/p>\n<div class=\"image2-inset can-restack\"><img decoding=\"async\" src=\"https:\/\/substackcdn.com\/image\/fetch\/$s_!jaQF!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1218770-5e2c-4a92-928e-fe2e32380266_750x10.png\" width=\"750\" height=\"10\" data-attrs=\"{&quot;src&quot;:&quot;https:\/\/substack-post-media.s3.amazonaws.com\/public\/images\/a1218770-5e2c-4a92-928e-fe2e32380266_750x10.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:10,&quot;width&quot;:750,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:168,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image\/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https:\/\/theankler.com\/i\/191938922?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1218770-5e2c-4a92-928e-fe2e32380266_750x10.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}\" alt=\"\" srcset=\"https:\/\/substackcdn.com\/image\/fetch\/$s_!jaQF!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1218770-5e2c-4a92-928e-fe2e32380266_750x10.png 424w, https:\/\/substackcdn.com\/image\/fetch\/$s_!jaQF!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1218770-5e2c-4a92-928e-fe2e32380266_750x10.png 848w, https:\/\/substackcdn.com\/image\/fetch\/$s_!jaQF!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1218770-5e2c-4a92-928e-fe2e32380266_750x10.png 1272w, https:\/\/substackcdn.com\/image\/fetch\/$s_!jaQF!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1218770-5e2c-4a92-928e-fe2e32380266_750x10.png 1456w\" sizes=\"100vw\" class=\"sizing-normal\"\/><\/div>\n<p><\/a><\/div>\n<p><strong>There was always<\/strong><span> something spectral about <\/span><strong>Val Kilmer<\/strong><span>\u2019s late career \u2014 the altered, gravelly voice after throat cancer, the physical limitations, the sense that the performance was being assembled from fragments of a once-commanding screen presence. Which is why the news that Kilmer will appear in a new film after his death doesn\u2019t feel like a rupture so much as a continuation, albeit one that formalizes something Hollywood has been inching toward for years.<\/span><\/p>\n<p><span>The film, <\/span>As Deep as the Grave<span> (formerly <\/span>Canyon del Muerto<span>), is an independent period drama about archaeologists <\/span><strong>Ann<\/strong><span> and <\/span><strong>Earl Morris<\/strong><span> and their excavation work in the American Southwest. Kilmer had been cast as Father Fintan, a priest tied to Native American spirituality, but never filmed his scenes due to health issues and production delays. Rather than recast the role, the filmmakers, with the cooperation of his estate and family, opted to construct the performance using generative AI models trained on archival footage, photographs and voice replication technology. Writer-director <\/span><strong>Coerte Voorhees<\/strong><span> has said he built the role specifically for Kilmer, and now Kilmer is being rebuilt for the film, which is produced by Voorhees and his brother and is seeking a distributor. That inversion represents something new: the separation of performance from the physical presence of the performer.<\/span><\/p>\n<p><span>Hollywood has flirted with this idea before, most notably with the widely criticized attempt to cast <\/span><strong>James Dean<\/strong><span> in a Vietnam War drama called <\/span>Finding Jack<span>, announced in 2019 but never finished. That project had estate approval and a clear technological roadmap, but it collapsed under backlash from actors, discomfort from audiences and \u2014 more important \u2014 financing and distribution hesitation. The industry treated it as a line that shouldn\u2019t be crossed. In retrospect, it looks more like a line that couldn\u2019t yet be monetized. The tools weren\u2019t ready, and the audience hadn\u2019t been conditioned.<\/span><\/p>\n<h5>Related:<\/h5>\n<div data-component-name=\"DigestPostEmbed\" class=\"digestPostEmbed-flwiST\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/theankler.com\/p\/eternal-celebrities-the-multi-billion\" rel=\"noopener\" target=\"_blank\"><\/p>\n<div class=\"pencraft pc-display-flex pc-gap-16 pc-reset\">\n<div style=\"width:70px;height:70px;\" class=\"pencraft pc-reset\"><img decoding=\"async\" src=\"https:\/\/substackcdn.com\/image\/fetch\/$s_!ETof!,w_140,h_140,c_fill,f_auto,q_auto:good,fl_progressive:steep,g_auto\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F02d20a6e-17ba-4f07-b39d-f6c64e151500_2000x1333.jpeg\" sizes=\"100vw\" alt=\"Eternal Celebrities: The Multi-Billion Opportunity Coming \" width=\"140\" height=\"140\" class=\"img-OACg1c smSquare-NGbPBa pencraft pc-reset\"\/><\/div>\n<div class=\"pencraft pc-display-flex pc-flexDirection-column pc-reset\">\n<h4 class=\"pencraft pc-reset color-pub-primary-text-NyXPlw line-height-24-jnGwiv font-display-nhmvtD size-20-P_cSRT weight-bold-DmI9lw reset-IxiVJZ\">Eternal Celebrities: The Multi-Billion Opportunity Coming <\/h4>\n<\/div>\n<\/div>\n<p><\/a><\/div>\n<p>Now both conditions have changed. Digital doubles, de-aging and AI-assisted voice work are are standard practice. The line between captured and constructed performance has blurred to the point of irrelevance. <\/p>\n<p>And once that line disappears, the underlying economics shift with it as a new business model is about to hit the industry.<\/p>\n<p>Below, I break down:<\/p>\n<ul>\n<li>\n<p>How Kilmer\u2019s posthumous role turns actors into IP \u2014 and what that business model looks like <\/p>\n<\/li>\n<li>\n<p><span>Why an actor like <\/span><strong>Tom Cruise<\/strong><span> could become a multi billion-dollar annuity <\/span><\/p>\n<\/li>\n<li>\n<p>The financial math that will bring in private equity and sovereign wealth funds<\/p>\n<\/li>\n<li>\n<p>Why the music catalog boom is the blueprint \u2014 and why studios may be left out<\/p>\n<\/li>\n<li>\n<p><span>What Hollywood can learn from<\/span><strong> Prince<\/strong><span>,<\/span><strong> Michael Jackson <\/strong><span>and<\/span><strong> The Beatles <\/strong><span>\u2014 but why its upside is even bigger<\/span><\/p>\n<\/li>\n<li>\n<p>Why franchises built on bankable stars may never have to end<\/p>\n<\/li>\n<\/ul>\n<p><span>This column is for <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/theankler.com\/subscribe?utm_medium=email&amp;utm_source=post&amp;utm_content=101507401\" rel=\"\">paid subscribers<\/a><span> only. Interested in a group sub for your team or company? <\/span><strong><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/theankler.com\/subscribe?utm_medium=email&amp;utm_source=post&amp;utm_content=101507401&amp;group=true\" rel=\"\">Click here<\/a><\/strong><span>.<\/span><\/p>\n<p><span>For full access and to continue reading all Ankler content, paid subscribers can click <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/theankler.com\/p\/val-kilmer-and-immortal-ip-stars\" rel=\"\">here<\/a><span>.<\/span><\/p>\n<p data-attrs=\"{&quot;url&quot;:&quot;https:\/\/theankler.com\/p\/val-kilmer-and-immortal-ip-stars&quot;,&quot;text&quot;:&quot;Click here to keep reading&quot;,&quot;action&quot;:null,&quot;class&quot;:null}\" data-component-name=\"ButtonCreateButton\" class=\"button-wrapper\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/theankler.com\/p\/val-kilmer-and-immortal-ip-stars\" rel=\"\" class=\"button primary\"><span>Click here to keep reading<\/span><\/a><\/p>\n<p data-attrs=\"{&quot;url&quot;:&quot;https:\/\/theankler.com\/p\/val-kilmer-immortal-ip-stars-ai-posthumous-performance?utm_source=substack&amp;utm_medium=email&amp;utm_content=share&amp;action=share&quot;,&quot;text&quot;:&quot;Share&quot;,&quot;action&quot;:null,&quot;class&quot;:null}\" data-component-name=\"ButtonCreateButton\" class=\"button-wrapper\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/theankler.com\/p\/val-kilmer-immortal-ip-stars-ai-posthumous-performance?utm_source=substack&amp;utm_medium=email&amp;utm_content=share&amp;action=share\" rel=\"\" class=\"button primary\"><span>Share<\/span><\/a><\/p>\n<\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source theankler.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>POSTHUMOUS PLAYER An AI-assisted version of the late Val Kilmer appears in the upcoming film As Deep as the Grave. (The Ankler illustration; First Line Films) Share I cover Hollywood and AI. I wrote about Ben Affleck selling his AI company to Netflix, the enertainment industry\u2019s meltdown over ByteDance\u2019s Seedance, and how Hollywood choked the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2343981,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25173],"tags":[],"class_list":["post-2343980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artists"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/03\/Val-Kilmer-and-Immortal-IP-Stars-Private-Equitys-Next-Play.com2Fpublic2Fimages2Fd9e805ca-b784-4004-9b51-e18fd.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2343980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2343980"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2343980\/revisions"}],"predecessor-version":[{"id":2343982,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2343980\/revisions\/2343982"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2343981"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2343980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2343980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2343980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}