Yes. Generating 5 seconds of video uses as much electricity as watching 1 hour 10 minutes of streamed video, screen and network included: 90 Wh, against 77 Wh per hour watched according to the International Energy Agency (IEA), using its 2019 figure. Counting data centres only, the gap is about 20 times larger.
Read the source article: AI video generation environmental impact: energy, CO2e, water