International
Kodak seeks exit from Hollywood theatre sponsorship
MUMBAI: New York-headquartered digital imaging company, Eastman Kodak Company, has opted for a pre-mature exit from its 20-year naming rights deal worth $75 million for Hollywood‘s Kodak Theatre, which is also the home of Academy Awards.
The development comes close on the heels of the company filing for Chapter 11 Bankruptcy Protection and obtaining a $950 million, 18-month credit facility from Citigroup to enable it to continue trading.
In a filing before U.S bankruptcy court judge, the company requested that it be relieved of the contract since company‘s debtors have determined that “any benefits on the rights does not exceed or equal the debtors‘ costs associated with the contract”.
The 3,332 seat theatre was built by CIM Group, a leading real estate and infrastructure investment firm, at a cost of $94 million.
A crown jewel of the Hollywood & Highland Center retail, dining and entertainment complex located in the heart of historic Hollywood, the Kodak Theatre was designed by the internationally-renowned Rockwell Group.
The naming of Kodak Theatre, which was expected to run through to 2020, was believed to be one of the most significant non-sports corporate sponsorships of that time.
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.
