International
Lionsgate slams latest Icahn tender offer
MUMBAI: The board of Lions Gate Entertainment has straightaway rejected the latest tender offer from Carl Icahn to acquire all of its outstanding stock for $6.50 per share saying that the offer does not reflect the full value of the movie and television studio.
It also said that the timing was ‘opportunistic‘ because it comes at a time when a tough economic climate for media companies prevails. It also noted that the offer price was below Icahn‘s previous tender offer of $7 per share.
It may be noted that shares of Lionsgate closed Monday at $6.72 per share up 12 cents.
Last week, in a hope of unwinding a recent transaction in which the company issued stock to board member Mark Rachesky in a debt-for-equity deal, Icahn filed a suit against Lionsgate in the Supreme Courts of New York and British Columbia.
The action increased Rachesky‘s stake to just below 29 per cent from 20 per cent and diluted Icahn‘s holdings to 33.5 per cent from 38 per cent making it more difficult for him to take control of the company.
Last Wednesday, the British Columbia Securities Commission denied Icahn‘s request for a 15-day cease trading order that would have prohibited Rachesky from selling any of the stocks he acquired in the transaction or from buying more shares. The order would have also prevented Lionsgate from issuing any new stock.
International
Utopai Studios unveils 4K three-minute video generation for PAI platform
New Story Agent and editing tools aim to streamline AI-led filmmaking workflows
MUMBAI: Utopai Studios has announced a major upgrade to its PAI storytelling AI platform, introducing what it claims is an industry-first capability to generate three-minute videos in 4K resolution, alongside enhancements to its Story Agent feature.
The update, rolling out from April 15, expands the platform’s capabilities across the filmmaking process, from early concept development to post-production. The company said the new features are designed to help filmmakers maintain continuity across characters, scenes and visual styles, a key challenge in AI-driven storytelling.
At the heart of the release is a next-generation model that enables more structured narrative development, allowing creators to move more seamlessly from idea to execution. With tools such as multi-shot sequencing and multi-turn editing, the platform aims to give both studios and independent creators greater control over complex storytelling workflows.
Commenting on the launch, Utopai Studios co-founder and CTO Jie Yang said, “The next phase of AI in media will not be defined by isolated tools, but by systems that can carry story, continuity and collaboration across the full creative process.” He added that the update is a step towards enabling more practical, end-to-end narrative development at a professional level.
Echoing this, Utopai Studios co-founder and chief scientific officer Zijian He said, “Generative video is opening the door to a new production model, where creative ambition is less constrained by traditional cost and complexity.” He noted that the platform combines multimodal models with iterative editing to give creators more speed, control and consistency.
The company said PAI is already being used in professional film and television productions, particularly in Hollywood, for tasks such as pre-visualisation, scene design and post-production refinements. The latest update adds features including improved voice options, character consistency, unlimited editing and more flexible asset management.
Utopai also emphasised that its models are not trained on copyrighted material, positioning the platform as a cleaner alternative for creators and rights holders navigating the evolving AI landscape.
As AI continues to reshape content creation, Utopai’s latest push signals a shift from standalone tools to integrated systems, aiming to make high-quality filmmaking faster, more flexible and increasingly accessible.
