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Universal Music & Mohit Suri promote young talent
MUMBAI: Ever since Universal Music Group associated with Mohit Suri to launch EMI Records India, the label has relentlessly promoted new and young talent in India.
Rahul Mishra, the latest artiste under the tutelage of EMI records, is a music composer and has composed & sung for many feature films in multiple languages. Hailing from the small town of Allahabad, Rahul’s interest in music began when he first joined piano classes and from there on, he discovered a musical side of himself.
Rahul is known as a talented music composer and has expanded his repertoire by working on films like the Marathi film Mantalya Unhaat & the recently released Bollywood movie Half Girlfriend. The song ‘Tu Hi Hai’ from the Bollywood movie has been composed & sung by Rahul. The music video of the track Tu Hi Hai had a staggering 2 million views on the day of its release itself. It’s hard to believe that an MBA Graduate with such keen interest and passion for music chose to pursue his dreams than a corporate life.
Along with other interesting projects, Rahul Mishra is currently working on an upcoming Mohit Suri venture.
Talking about his work, leading director Mohit Suri said,”I love working with new composers and singers. I’m so glad Rahul could be a part of Half Girlfriend. His voice has done full justice to the beautifully written song. I think Rahul has a very promising career ahead of him in this industry”
Rahul Mishra shared his excitement saying, “I’m thankful for EMI Records India for giving all my ideas & compositions a stellar platform. I’ve been lucky to receive so much love after Tu Hi Hai & I’m already working on some great compositions for my future projects”
Speaking about the EMI artiste, Vinit Thakkar, Senior Vice President, Universal Music India, said, “Rahul is a great singer songwriter. Rahul’s compositions are absolutely fresh and his ability to write beautiful lyrics does full justice to his compositions and his great voice. His song ‘Tu Hi Hai’ from Half Girlfriend is one of my favorite tracks from 2017.”
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UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
