iWorld
hoichoi’s new hyped web series ‘Charitraheen’ is streaming now
Kolkata, 29th September, 2018 – hoichoi, recently on their first birthday celebration, announced 30 new Original web series as a promise to their audience for the next year. Fulfilling their promise, they already have the first of the lot ready to stream from 29th September with initially 4 episodes out of 10 – Charitraheen. The name “Charitraheen” (literal translation being “Characterless”) has an intrigue of its own. hoichoi never backs away from taking challenges of presenting Original content which will have tongues wagging and this web series is a perfect example of that.
Inspired by Sarat Chandra Chattopadhyay’s novel of the same name, Debaloy Bhattacharya’s Charitraheen is a take on immorality and infidelity. Set in the present time, the characters are portrayed to be characterless. As we keep guessing and judging, this series aim to take the viewers to a plane beyond all judgement.
The rest of the episodes will be streaming from 6th October and 13th October respectively, divided into 3 and 3 episodes.
From the Official Trailer we see the dark tale of these few lost souls in a maze of love, lust, desire and betrayal are destined to be doomed. The journey traces these men and women as they try to come out clean. It is to see who finally gets nailed as ‘Charitraheen’ and what happens to the rest. It is an effort to categorise these characters in today’s light, to find them around us and to see ourselves in them. Down with morality and social conventions, long live suffering!
Watch the trailer here: bit.ly/CharitraheenWebSeriesTrailer
The trailer of this dark erotic series has created a massive buzz online and offline. Charitraheen’s first song “Katora Radhika” has also gained immense popularity and they plan to release two more sensual songs very soon.
The story revolves around the couple Kiran/KIranmoyee (Naina Ganguly) and Harius/Haran (Gourab Chatterjee) and their complicated relationships with Satty/Satish (Saurav Das), Sabitri (Saayoni Ghosh) and others, who get involved in this quest for love that goes too far.
iWorld
Bill Ackman’s Pershing Square makes $64 billion bid to acquire Universal Music Group
Ackman pitches NYSE relisting plan as UMG board weighs unsolicited offer
The hedge fund has proposed a business combination that values UMG at €30.40 per share, representing a hefty 78 per cent premium to its current trading price. The offer includes €9.4 billion in cash alongside stock in a newly formed entity, with shareholders set to receive €5.05 per share in cash and 0.77 shares in the new company for each UMG share they hold.
Under the proposal, UMG would merge with Pershing Square SPARC Holdings Ltd and re-emerge as a Nevada-based entity listed on the New York Stock Exchange. The move is designed to boost investor visibility and potentially secure inclusion in major indices such as the S&P 500.
Pershing Square Capital Management ceo Bill Ackman argued that while UMG’s operational performance remains strong, its market valuation has lagged due to external factors. “UMG’s stock price has languished due to a combination of issues that are unrelated to the performance of its music business,” Ackman said, pointing to concerns ranging from shareholder overhang to delayed US listing plans.
Ackman also flagged what he sees as untapped potential in UMG’s balance sheet and a lack of clear capital allocation strategy. He added that the market has not fully recognised the value of UMG’s €2.7 billion stake in Spotify, alongside gaps in investor communication.
The proposed transaction would also result in the cancellation of around 17 per cent of UMG’s outstanding shares, while maintaining its investment-grade balance sheet. Pershing Square has said it will fully backstop the equity financing, with debt commitments secured at signing. The deal is targeted for completion by the end of the year.
UMG, however, has struck a measured tone. The company confirmed that its board has received the non-binding proposal and will review it with advisers. It reiterated confidence in its current strategy and leadership under Lucian Grainge, signalling no immediate shift in stance.
The proposal comes at a time when global music companies are navigating evolving investor expectations, streaming economics and capital allocation pressures. For Pershing Square, the bet is clear: sharpen the financial story, relist in the US, and let the music play louder in the markets.
Whether UMG’s board is ready to change the tune remains to be seen, but the spotlight on its valuation just got a lot brighter.
