International
MGM lenders set to vote on its new owners
MUMBAI: In the next two weeks, more than 100 lenders of MGM will vote on whether to approve naming Gary Barber and Roger Birnbaum of Spyglass as the studio‘s new keepers.
A detailed proposal by the Spyglass duo for taking over the studio and reshaping its operations was presented on Thursday to creditors. Finallly, the plan will be filed as a ‘prepackaged‘ Chapter 11 bankruptcy reorganisation and turn nearly $4 billion in studio debt to lender equity.
Once the plan exits the bankruptcy Court, Spyglass and a related subsidiary would get a 4.7 per cent equity of the studio while Barber and Birnbaum would become co-CEOs of MGM.
The bankruptcy filing is expected by month‘s end, with the subsequent court process likely to take about 30 days.
Current owners of MGM including Providence Equity, TPG Capital, Sony, Comcast, DLJ Merchant and Quadrangle would have their hold on the studio erased, in the proposed reorganisation.
Hedge funds Anchorage, Highland, Davidson Kempner and Solis acquired about 35 per cent of MGM‘s publicly traded debt last year. 51 per cent of lenders have to approve a prepackaged bankruptcy representing two-thirds of the amount owed.
The studio is being currently run by an office of the CEO Stephen Cooper, CFO Bedi Singh and film personality Mary Parent. All of them would exit their posts after the studio‘s revamp.
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.
