International
Lions Gate snaps up Summit Ent for $412.5 mn
MUMBAI: In a move that unites two of Hollywood’s largest independent studio, Lions Gate Entertainment Corp. has acquired Summit Entertainment LLC for $412.5 million in cash and stock.
The agreement gives Lions Gate library rights to the first 14 vampire films in the Twilight series.
Said Lions Gate Vice Chairman Michael Burns in a statement, “We think it solidly positions us. It extends our reach dramatically. It increases the size of the library.”
While some believe that income from ticket sales, home videos and TV rights may generate as much as $1 billion in free cash flow all through this year, some others believe that the transaction is a net positive for all parties, but consolidation in the sector is reflective of the significant challenges in the industry.
Most of the purchase was funded with cash from Summit, Lions Gate said yesterday in a statement. The announced terms suggest Lions Gate used about $240 million in cash from Summit.
The balance was financed with $55 million of Lions Gate cash, $45 million from new Lions Gate convertible notes, $50 million of Lions Gate common stock and an added $20 million of cash or stock to be issued at Lions Gate’s option within 60 days, according to a statement.
Both film labels that operate from Santa Monica, California will remain active producers.
Details of the agreement are being worked out.
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.
