The bad news is the camera sees the same thing the eye does (at least to a reasonable approximation), so that means you will still see ads in the output.
I already hear your wheels turning, thinking machine learning will provide a way to remove the ads from the content, but as the AI labs start to control all the compute they will assuredly insert their own ads into what you tried to remove.
AI labs controlling all the compute is not realistic. You don't need a frontier video model to remove ads in a movie.
Take any open multimodal LLM, set it up with a scriptable video editor, uncensored Qwen-Image then tell it where the ads are and what to replace them with. That's it.
You can do all of it locally on a 5 year old gaming PC with pretty good results. Of course it works better if you have Opus driving it but that's not a hard requirement.
It takes 2 seconds for a human to remove an ad from media. It happens so fast there are even browser plugins (sponsorblock) which crowdsource removing sponsorship plugs from youtube videos.
You can do it with ffmpeg losslessly with pretty much any media.
The only thing that's hard to remove is sponsorships built into the script (brought to you by snapple), but people don't tend to like that sort of thing in a show.
Why would anyone need machine learning to edit a video? There are dozens or hundreds of free open source video editing programs. Only one person needs to edit the ads out.