HunYuan released by Tencent [1] is much better than Sora. It's 100% open source, is compatible with fine tuning, ComfyUI, control nets, and is receiving lots of active development.
That's not the only open video model, either. Lightricks' LTX, Genmo's Mochi, and Black Forest Labs' upcoming models will all be open source video foundation models.
Sora is commoditized like Dall-E at this point.
Video will be dominated by players like Flux and Stable Diffusion.
RunwayML too but not sure they also won't get commoditized by OSS video generation.
Something being available OSS is very different from a turnkey product solution, not to mention that Tencent's 60 GiB requirement requires a setup with like at least 3-4 GPUs which is quite rare & fairly expensive vs something time-sharing like Sora where you pay a relatively small amount per video.
I think the important thing is task quality and I haven't seen any evaluations of that yet.