International
MGM CEO Sloan exits post
MUMBAI: Harry Sloan, CEO of MGM has quit his post but he will officiate as the chairman. He is due to form an ‘Office of the CEO‘.
The newly created Office of the CEO, reporting to the MGM Board of Directors, includes Mary Parent, the chairperson for the worldwide motion picture group; Bedi A. Singh, the president of finance and administration and CFO; and Stephen F. Cooper, the newly appointed vice chairman.
According to a MGM announcement, Cooper‘s main role would be to explore options to improve the studio‘s balance sheet.
A statement from the MGM Board said, “Both Mary and Bedi have demonstrated strong leadership during their respective tenures at MGM, and we are confident in their ability to ensure the company continues to aggressively pursue its business objectives. We welcome Steve, who brings unique expertise working with a wide variety of companies to improve their financial position.
“This leadership team offers MGM the ideal combination of talent to best position the company for the long term: industry experience, management continuity and the addition of a proven professional with expertise in strengthening capital structures. We look forward to working together to maximize MGM‘s long-term value.”
The restructuring move comes as MGM copes with its $3.7 billion debt, much of it a remnant of the 2005 buyout of the studio by Providence Equity Partners, TPG, Sony Corporation of America, Comcast, DLJ Merchant Banking Partners and Quadrangle Group.
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.
