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  • From Local Producer to Global Player: How Chile’s Fabula Scaled Across Borders

    From Local Producer to Global Player: How Chile’s Fabula Scaled Across Borders

    It was one of the most anticipated events of the 41st Guadalajara Film Festival (FICG) where Chile is the country guest of honor.

    On April 19, director Pablo Larraín and his producing partner brother Juan de Dios Larraín, founding partners behind Chile’s most successful production company, Fabula, sat down with Netflix’s Francisco Ramos, VP of Latin American Content, to discuss how their company has grown into the international player that it is now, with offices in Santiago, Mexico City, Los Angeles, Madrid and perhaps Bogota, Colombia, in the not so distant future.

    Throughout the conversation, they reflected on how Chilean and Latin American cinema has grown from a small, resource-limited industry into a globally visible creative force.

    Ramos asked a question in many people’s minds, how a country so remote and relatively small could have such a strong creative output. “We’ve got you here, Maite Alberdi, Sebastián Lelio —but beyond that, there are so many other filmmakers who’ve emerged over the past 30 years. And it’s really interesting to ask why. Why are there so many compelling voices coming out of Chile?

    He went on: “It makes you wonder about the kind of environment that fosters that level of talent. Because it’s not just directors—there are producers, cinematographers, designers, writers… all these roles branching out and feeding into each other, forming that ecosystem you need for an industry to really grow and thrive.”

    The question stumped them, but only to some extent. Pointing to Chile’s rich culture of painters, poets, writers and more recently, its growing cinematic sensibility, Juan de Dios said: “I do think the visual side – the graphic sensibility—plays a big role. Chile is almost like an island: on one side you’ve got the Andes, on the other the Pacific, and then the desert up north. It’s a pretty isolated place. Growing up there, any time you wanted to do something or go somewhere, it usually meant getting on a plane. We grew up in a much more remote environment, and I think that creates this urge to go out into the world, to be seen, to be validated abroad. That pushes you, it shapes you, gives you an extra drive.”

    “But honestly, that’s just a theory – I’m not even sure I fully believe it myself,” he added, drawing laughs from the audience.

    Pablo, whose body of work has expanded from local stories of resistance like “No” to his English-language trilogy of three iconic women, Diana Spencer, Jackie Kennedy and Maria Callas, concurred: “I think it’s amazing that we can be so diverse while being such a small country, and at the same time so hard to define. I don’t know if there’s a clear explanation for it. We’re also very close to it – we’ve been immersed in this world for so many years and we’re part of it ourselves.”

    He cited Chile’s revered documentarian Raúl Ruiz, who described it as “a country that resists classification, where categories don’t quite stick.” “And within that, there’s also a lot of internal tension – we challenge each other, there’s a kind of constant self-scrutiny, a restlessness.”

    Juan de Dios Larraín also pointed that it was precisely the size of Chile’s market that has forced them and their peers to look outward in order to make their films.

    “Co-production isn’t just helpful—it’s essential to Chilean cinema. There’s really no other way to do it. You can’t finance a film purely through the Chilean market; the numbers just don’t add up. So from early on, going out and seeking funding became a fundamental part of the process – it’s built into the system”

    “In a way, that limitation forces growth. It pushes you to adapt, collaborate and think beyond your own borders from the very beginning,” he noted.

    Pablo Larraín added: “We’ve produced a lot of films – close to 50 – with different directors. And looking at both the most successful ones and the ones that didn’t quite work, I keep coming back to the same idea: the key is supporting the director.” Fabula has backed the likes of Lelio who won Chile’s first International Feature Oscar for his transgender drama “A Fantastic Woman” and Alberdi, twice nominated for her documentaries.

    Juan de Dios also pointed to another key factor that has contributed to the company’s growth, television, with advertising still a strong pillar of support.

    He said: “The first 10 or 15 years, we were a very independent production company, with a strong editorial identity, working with directors from all over and driven by very auteur-led ideas. Then we gradually shifted into something more collective – almost like treating filmmaking as a shared sport, if you will. At the same time, there was this push to access larger budgets, which led to our first production with Lelio.”

    “Around that same time, television also entered the picture as a major force. And that combination created a kind of perfect storm for us as a production company. It pushed us to evolve, to expand from being a relatively small outfit operating in just a couple of countries into something more structured – more “corporate,” for lack of a better word. If it weren’t for television, the company probably wouldn’t have grown the way it did. And in a way, the Oscar gave us a kind of legitimacy or identity that helped us take that next step at exactly the moment when the opportunity was there.”

    The Guadalajara Film Festival (FICG) runs over April 17-25.

  • Crypto funds draw $1.4B in third straight week of inflows, strongest since January

    Crypto funds draw $1.4B in third straight week of inflows, strongest since January

    Digital asset investment products pulled in $1.4 billion last week, their strongest weekly haul since January and the third consecutive week of positive flows, according to CoinShares’ new report.

    The result was driven by recovering risk sentiment tied to US-Iran ceasefire extension talks and Bitcoin’s mid-week move above $76,000, its highest level since February, the report notes.

    Total assets under management reached $155 billion, with weekly flows representing 0.91% of AUM, the highest weekly intensity recorded year-to-date.

    March CPI data, which came in at 3.3% year-on-year with a benign core reading of 2.6%, appeared to have little dampening effect on investor appetite.

    Bitcoin and Ethereum led inflows, as altcoins diverged

    Bitcoin drew $1.116 billion in inflows, lifting year-to-date totals to $3.1 billion, as its break above $76,000 marked a meaningful technical development following two months of range-bound trading.

    Short-Bitcoin products saw just $1.4 million in inflows, indicating limited but residual hedging demand.

    Ethereum attracted $328 million, its best weekly performance since January, bringing year-to-date flows to $197 million.

    XRP and Solana recorded outflows of $56 million and $2.3 million, respectively, even as Bitcoin and Ethereum surged.

    Regional flows show mixed signals

    The regional breakdown is uneven. The US dominated with $1.5 billion in inflows and Germany chipped in $28 million, but Switzerland saw $138 million in outflows, the largest Swiss exit since November.

    Market updates

    Bitcoin traded at $75,249 at press time, up about 6% over the past seven days, while Ethereum gained more than 5% over the same period to top $2,300, per CoinGecko. Total crypto market capitalization stood at $2.6 trillion.

  • Arizona sheriff slammed for ‘Nancy has been located’ post that wasn’t about Nancy Guthrie

    Arizona sheriff slammed for ‘Nancy has been located’ post that wasn’t about Nancy Guthrie

    The Pima County Sheriff’s Department is facing backlash not just for its investigation into Nancy Guthrie’s abduction but for posting that they’d found another elderly Nancy, leading many to believe it was the matriarch who’s been missing for more than two months.

    The department shared on X, formerly Twitter, late Thursday, “Update: Nancy has been located,” along with the word “LOCATED” stamped over the missing person’s poster for Nancy Radakovich, which identified the 82-year-old as a vulnerable adult.

    One user slammed the sheriff’s office as “absolutely brain dead to not know people would think this was Nancy Guthrie, they even look alike.”

    Another asked why the department even identified the missing woman by just her first name: “Of all the posts you’ve made about a missing person being located … you chose THIS ONE to use first name only??”

    The outrage ran the gamut from calls to “fire your social media manager” to dubbing the department “evil,” “a satirical organization,” and “a–holes on purpose.”

    It’s unclear why Pima County has not removed the post to share the news again with Radakovich’s surname.

    Guthrie — the 84-year-old mother of “Today” show anchor Savannah Guthrie — went missing from her Tucson, Ariz. home in the dead of night on Feb. 1, with authorities quickly dubbing her disappearance an abduction.

  • ‘Elden Ring’: Alex Garland’s A24 Video Game Movie Reveals Full Cast, 2028 Release Date and It’s Being Shot for Imax

    ‘Elden Ring’: Alex Garland’s A24 Video Game Movie Reveals Full Cast, 2028 Release Date and It’s Being Shot for Imax

    A24 and Bandai Namco Entertainment have announced the live-action adaptation of the fantasy game “Elden Ring,” written and directed by Alex Garland, is being filmed for Imax, with a release date of March 3 2028 now set.

    Kit Connor, who was already rumoured to star, has now been confirmed alongside a bumper cast that also includes Ben Whishaw, Cailee Spaeny, Tom Burke, Havana Rose Liu, Sonoya Mizuno, Jonathan Pryce, Ruby Cruz, Nick Offerman, John Hodgkinson, Jefferson Hall, Emma Laird and Peter Serafinowicz.

    Production begins in spring 2026

    Peter Rice is set to produce the film alongside Andrew Macdonald and Allon Reich from DNA, as well as George R. R. Martin and Vince Gerardis.

    One of the most critically-acclaimed video games ever made, the dark fantasy action RPG debuted in 2022 and was developed under the direction of FromSoftware’s Hidetaka Miyazaki, based on a mythological story by Martin. It has since sold in excess of 30 million copies worldwide and received over 400 Game of the Year awards.

    Garland is understood to have been a longtime fan of the game, and made a personal pitch to its publishers Bandai Namco and FromSoftware to bring it to screen.

  • Cannes Directors’ Fortnight Title ‘Double Freedom,’ From Director Lisandro Alonso, Boarded by Luxbox(EXCLUSIVE)

    Cannes Directors’ Fortnight Title ‘Double Freedom,’ From Director Lisandro Alonso, Boarded by Luxbox(EXCLUSIVE)

    “Double Freedom” (“La libertad doble”), Argentine director Lisandro Alonso’s sequel to his milestone debut “La Libertad,” has been acquired for worldwide sales by Paris-based Luxbox. The deal comes in the run-up to May’s Cannes Film Festival where “Double Freedom” will world premiere at Directors’ Fortnight.

    Bowing at Cannes’ Un Certain Regard in 2001, “La Libertad” moved waves for what came to be called its minimalism, which can also be seen as an  affirmation of cinematographic pleasures other than a propulsive plot. Championed by other cineastes such as Mexico’s Carlos Reygadas, this rebellion against usual cinema came to characterise part of a new Latin American cinema celebrated by its fans for its creative freedoms. 

    “Double Freedom” picks up the story woodcutter Misael, 25 years after he was seen in “La Libertad.” Two key questions posed by the film is how Miseal (Misael Saavedra) and indeed Alonso have evolved as a character and filmmaker respectively.   

    Misael begins “Double Freedom” still living his solitary existence felling trees to sell for a few pesos. An unexpected event, however, upends his existence and adds a distinctive political edge to “Double Freedom.” The film itself also delivers a clear statement by Alonso about the need for – and ways to achieve – creative independence.

    “25 years after ‘La Libertad,’ Lisandro Alonso reunites with Misael in a political and powerful gesture,” Luxbox CEO Fiorella Moretti told Variety. “The result is as moving as it is unforgettable. We are proud to continue our collaboration with Lisandro, a director with such a singular vision.” 

    Notably, “Double Freedom” is produced by Fernando Buscuñan’s Chile-based Planta which is also behind a second Directors’ Fortnight title, Chilean Dominga Sotomayor’s “La Perra.” Chilean Augusto Matte also lead produces out of his London-based Dartford alongside Alonso’s label 4L. 

    “Double Freedom” is co-produced by Les Films Fauves, The Match Factory, Cimarrón, Pulpa Film and Carte Blanche.  

    “We worked with Luxbox on ‘Simon of the Mountain’ and the trust we built there made this decision very natural. They understand how to move a film like this through the market and they bring a real commitment to the work. We are very happy to be reuniting with them on ‘Double Freedom,’” said Bascuñán. 

    ‘Fiorella has been working alongside Lisandro Alonso for many years, supporting his films across distribution, international sales and production,” added Matte. “No one understands his cinema better, the audience it speaks to and what it takes to bring that work into the world. Having her alongside our artistic producer Ilse Hughan gives ‘Double Freedom’ the best possible hands it could be in.”

  • Bitmine buys 101,627 ether worth over $230 million, its largest weekly haul of 2026

    Bitmine buys 101,627 ether worth over $230 million, its largest weekly haul of 2026

    BitMine Immersion Technologies (BMNR), the largest Ethereum-focused digital asset treasury firm, sped up its crypto purchase pace as chairman Tom Lee sees growing signs of the crypto “mini-winter” ending.

    The firm reported Monday it acquired 101,627 ether ($ETH) last week, its largest weekly haul since December 15. The purchase, worth roughly over $230 million at current $ETH prices, lifted BitMine’s total holdings to 4.97 million $ETH.

    The move comes as most digital asset treasuries — except Michael Saylor’s bitcoin-focused Strategy (MSTR) — have slowed or halted buying in recent months. BitMine remains among the last large-scale buyers of ether-focused treasuries, continuing to provide a steady source of demand for $ETH.

    BitMine’s total crypto and cash holdings stand at $12.9 billion. In addition to its $ETH treasury, the firm holds 199 bitcoin, $1.12 billion in cash and equity stakes including investments in Beast Industries and Eightco Holdings.

    Chairman Thomas Lee said the firm sees signs that the recent downturn is nearing an end, pointing to $ETH’s rebound and broader market dynamics.

    “Bitmine has maintained the increased pace of $ETH buys in each of the past four weeks, as our base case $ETH is in the final stages of the ‘mini-crypto winter,’” Lee said.

    He added that ether has risen sharply from its early February lows and has outperformed equities since the start of the Iran conflict, supported by demand tied to tokenization and AI-related use cases.

    BitMine has also continued expanding its staking operations. The firm has staked more than 3.3 million $ETH, or about two-third of its holdings, generating roughly $221 million in annualized revenue.

  • Bitcoin Exchanges Upbit, Bithumb, and Coinone Add This Altcoin to Their Delisting Watchlist! Here’s Why

    Bitcoin Exchanges Upbit, Bithumb, and Coinone Add This Altcoin to Their Delisting Watchlist! Here’s Why

    South Korea’s leading cryptocurrency exchanges, Upbit, Bithumb, and Coinone, have announced that they have added the KernelDAO (KERNEL) token to their delisting watchlist. This decision follows a joint review process aimed at enhancing investor protection.

    Upbit stated in its announcement that this decision was based on two main reasons. The first is a security incident or potential attack risk that occurred in the wallets or distributed ledger infrastructure managed by the project and has not yet been fully resolved.

    The second reason was that a comprehensive review of the project’s overall business model, sustainability, and development process revealed potential risks for users.

    Exchanges emphasized that assets placed on the watchlist will be subject to stricter scrutiny for a specified period. During this process, criteria such as the project’s level of transparency, technical advancements, and community communication will be closely monitored. It was stated that if the necessary improvements are not made as a result of the review, the KERNEL token could be completely delisted.

    Experts say that these coordinated steps by major stock exchanges in South Korea increase market discipline and aim to protect investors against risky projects. In particular, recent increases in security concerns and discussions about project sustainability have led stock exchanges to tighten their listing policies.

    *This is not investment advice.

  • Microdramas Platform Verza TV Shifts Strategy Just 4 Months After Launch (Exclusive)

    Microdramas Platform Verza TV Shifts Strategy Just 4 Months After Launch (Exclusive)

    Alan Mruvka’s vertical video platform Verza TV is already moving beyond verticals. Not that it’s leaving the portrait-mode shorts format behind.

    Verza TV, founded by the cofounder of E! Entertainment Television, just launched in December. Today, what the company is internally calling “Verza 2.0” is upon us, which includes horizontal videos and a complete shift to user-generated content, The Hollywood Reporter has learned. So, yeah, YouTube + YouTube Shorts, essentially, just on a much, much smaller level. (To be fair, compared with YouTube, even Netflix is on a much smaller level.) Verza TV is positioning itself as “the digital theatre for the next generation,” and says this transition will make the mobile-first platform scalable.

    At launch, Verza licensed 80 Singapore-made microdramas from an international distribution company. It was something of a strange choice for the first U.S.-based (at the time of announcement, at least) microdrama platform.

    “Verza was built on the idea that the future of entertainment is mobile, immersive, and accessible,” Mruvka said in a statement. “By evolving into a creator-driven ecosystem, we’re empowering the next generation of storytellers while maintaining the premium quality audiences expect. We are building the digital theatre for the next generation.”

    There’s that tagline again. Mruvka is presenting Verza 2.0 at the NAB Show in Las Vegas.

    Verza says adding traditional horizontal formats on the platform is “a first for the microdrama category.” Going fully UGC will not impact production quality, Verza says, and creators will be able to check their monetization stats in real-time.

    Vertical videos, colloquially called “microdramas” (even though they’re sometimes comedies), are the newest trend in Hollywood, though most of the content comes from China (or the Ukraine, in Holywater’s case). Time will tell if the trend is more of a fad.

    For now, the space is getting crowded. There are the major incumbents like ReelShort and DramaBox, as well as upstart companies from Hollywood veterans including MicroCo and GammaTime.

    Microdramas are generally cheaply made dramas dubbed and diced up into roughly 60-second slices, though the details can vary by platform. These mobile apps tend to offer the first few “episodes” for free, hoping to hook a viewer, and then charge a user to finish the story.

  • UEG Expands in Celebrity Brand Building With Business Ventures Division

    UEG Expands in Celebrity Brand Building With Business Ventures Division

    Celebrity brand-building has become a big business.

    So the United Entertainment Group has launched UEG Ventures after company founder Jarrod Moses had success connecting Queen Latifah and CoverGirl for their brand partnership.

    UEG is an entertainment and sports marketing agency, part of DEJ Holdings (Daniel J. Edelman Holdings). Jarrod Moses launched UEG in 2007 and in 2024 became global chair of DJE’s entertainment, sports and culture business.

    Now the agency is looking to pair more starry clients with capital investment for additional Madison Avenue success stories, whether with start-ups or as the face of brands.

    Celebrity entrepreneurs will enter business ventures in the earliest stages of development or as they expand. “UEG Ventures was built to bring the power of culture into the foundation of business. By aligning investment with creative strategy and our unmatched access to talent, we help visionary brands move faster, connect deeper, and scale smarter,” Moses said in a statement.

    Recent dealmaking at UEG to bring star wattage to new products includes Paris Hilton and her 11:11 Media banner teaming with the McCormick spice brand for campaign and product partnerships as part of a two-year tie-up, a partnership between the soda retail chain Cool Sips and actress Whitney Leavitt and actor and producer Wilmer Valderrama pacting with real estate developer Edens to create the Latin American-inspired cocktail bar Elegacia in Washington D.C. as part of the Union Market development.

    “UEG Ventures has a clear understanding of the intersection of business and talent in a way few others do — and they bring a level of authenticity that was essential as I built the Elegancia brand, a Latin food and drink concept inspired by the dishes that are most authentic to me,” Valderrama stated.

    As UEG moves beyond just offering expertise in marketing strategy, PR and other talent support, the new Ventures division is looking to strike celebrity and brand partnerships in the health and wellness, food and beverage, fashion and apparel, beauty and personal care, financial services, sports, retail and technology sectors.

    UEG is headquartered in New York, with offices in Los Angeles, Chicago, Miami, Dallas, London, Hamburg, Sydney, and Tokyo.

  • OpenAI’s New AI Model Rosalind Could Shave Years Off Drug Discovery. You Probably Can’t Use It

    OpenAI’s New AI Model Rosalind Could Shave Years Off Drug Discovery. You Probably Can’t Use It

    In brief

    • OpenAI unveiled GPT-Rosalind to accelerate drug discovery workflows.
    • Benchmarks show strong gains, but real-world impact remains constrained .
    • Access is tightly restricted amid rising biosecurity concerns.

    OpenAI just named its first domain-specific AI model after Rosalind Franklin—the British chemist whose X-ray crystallography work helped reveal DNA’s double helix, and who was famously denied credit for it during her lifetime.

    GPT-Rosalind, unveiled Thursday, is a purpose-built reasoning model for biology, drug discovery, and translational medicine. It’s the first in what OpenAI is calling a Life Sciences model series—a direct play for a market where many specialized labs from universities to Google DeepMind are all jostling for position.

    Getting a drug from target discovery to regulatory approval in the U.S. takes 10 to 15 years on average according to experts.. Most of that time disappears not in eureka moments, but in the grind: parsing thousands of papers, querying databases, designing reagents, and interpreting ambiguous results. This is what GPT-Rosaling is trying to tackle.

    OpenAI argues the model can compress that early-stage work. As the company put it, GPT-Rosalind is designed to help scientists “explore more possibilities, surface connections that might otherwise be missed, and arrive at better hypotheses sooner.”

    The benchmarks back up at least some of that ambition. On BixBench—a benchmark built around real-world bioinformatics tasks—GPT-Rosalind logged a 0.751 pass rate, the top score among models with published results. On LABBench2, it outperformed its predecessor GPT-5.4 on six out of eleven tasks.

    GPT-Rosalind Beats GPT 5.4 in every single case involving life science, but it’s a highly specific model that will underperform in anything other than that.

    OpenAI also announced Dyno Therapeutics will help test and evaluate its model based on unpublished RNA sequences to rule out memorization. GPT-Rosalind’s best-of-ten submissions ranked above the 95th percentile of human experts on sequence prediction tasks, and around the 84th percentile on generation.

    That said, OpenAI’s own life sciences research lead Joy Jiao was measured about what the model can actually do. She explained the company doesn’t see Rosalind as a model capable of creating new treatments autonomously, but told reporters that it could be a great help in speeding research up. “We do think there’s a real opportunity to help researchers move faster through some of the most complex and time-intensive parts of the scientific process,” Jiao said in a press briefing, according to the LA Times.

    The ecosystem around the model may matter as much as the model itself. OpenAI is also releasing a free Life Sciences research plugin for Codex connecting to over 50 scientific databases and tools—protein structure lookups, sequence search, literature review, genomics pipelines. Enterprise users with GPT-Rosalind access get the reasoning layer on top. Everyone else gets the plugin with standard models.

    OpenAI has lined up a roster of pharma and biotech customers for the launch, including Amgen, Moderna, and Thermo Fisher Scientific. Separately, it’s running a research collaboration with Los Alamos National Laboratory on AI-guided protein and catalyst design.

    “The life sciences field demands precision at every step. The questions are highly complex, the data are highly unique, and the stakes are incredibly high,” said Sean Bruich, Amgen’s Senior VP of AI and Data in the official announcement.

    Access to Rosalind is deliberately restricted. The model is U.S. enterprise only, gated behind a qualification and safety review. The concern isn’t abstract: an international coalition of over 100 scientists has already called for tighter controls on biological data used to train AI, citing pathogen design risks. OpenAI’s restricted rollout is a direct response. During the research preview, usage won’t consume existing API credits.

    This also isn’t OpenAI’s first move into science workflows. The Prism scientific writing workspace launched in January was a first step. GPT-Rosalind is the sharper, more specialized follow-up—and a signal that domain-specific models are becoming a serious competitive front.

    No fully AI-discovered drug has cleared phase 3 trials. That number is still zero. But if GPT-Rosalind helps a researcher design a better experiment six months faster across thousands of labs, then the compounding effect on what gets discovered, and when, could be the whole ballgame. That’s the actual thesis here, and it’s worth watching closely.

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