International
Relativity Media spins Off Beverly 2 to Elliott
MUMBAI: Relativity Media, the film and television production and distribution firm, and New York-based hedge fund Elliott Management have announced that they are spinning off the co-finance vehicle with Universal, Beverly 2, to funds managed by its long-time strategic partner Elliott Management Corporation.
Elliott Media Investments, a newly created affiliate of the funds, will manage Beverly 2. Also, the two companies said that Elliott has agreed to invest additional capital into Relativity to help further its 2012 home-grown production slate.
The spin-off of Beverly 2 will allow Relativity to avoid the inherent conflicts of interest that have arisen as a result of Relativity‘s move into distribution.
Relativity will remain a production company on each Universal-selected film and Ryan Kavanaugh will remain an executive producer. Relativity will now receive a producer fee on each Beverly 2 film for its production services. Relativity will solely be a production partner with Universal.
“As our core business of developing, producing and distributing our own product has grown to be competitive in size and scope with the majors, this move allows us to focus our energy on that business,” said Relativity Media CEO and majority shareholder Ryan Kavanaugh.
“This move allows Relativity to focus on producing and distributing its own home-grown product,” said Elliott Media Investments president Michael Joe.
Joe was recently installed in his new position pursuant to a joint decision by Elliott and Relativity.
Meanwhile, the dissolution has come as a surprise to Universal which had no clue about the developments. Relativity, which is based in West Hollywood, California, is trying to build its own movie production and distribution business.
Now, Relativity has got into a deal with Sony Pictures to finance their films. Sony remains unaffected by the dissolution between Relativity and Elliot.
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.
