iWorld
2025’s best OTT shows that were overlooked but deserved the spotlight
MUMBAI: If 2025 was the year streaming finally admitted it had too much content, it was also the year it proved how poorly it surfaces quality. Platforms chased scale, noise and speed. What fell through the cracks were shows that demanded attention rather than autoplay. These series did not fail on craft. They failed the visibility test.
From the gritty corridors of Delhi’s prisons to the sprawling crime syndicates of South Korea and Philadelphia, these shows offered something the blockbusters could not: original thought.
Shows 2025 probably slept on
The Chronicles of the 4.5 Gang (SonyLIV): Directed and written by the visionary Krishand, this Malayalam-language crime comedy is a surreal, stylistic triumph. It follows a ragtag group of misfits navigating a bizarre criminal underworld with a blend of deadpan humour and high-stakes tension. It is a masterclass in regional storytelling that refuses to be boxed into a single genre.
Lafangey: Sapne, Dosti, Duniya (Amazon MX Player): Directors Prem Mistry and Abhishhek Yadav, alongside writer Ankit Yadav, craft a poignant, raw portrait of youth in Noida. The series follows three best friends—Chaitanya, Rohan, and Kamlesh—as they navigate the crushing weight of unemployment and family expectations. It is a soulful, honest “coming-of-age” story for a generation left behind by the boom.
Kankhajura (SonyLIV): Directed by Chandan Arora and written by a sharp creative team, this Hindi-language crime thriller is a tense, character-driven marvel. Starring Roshan Mathew as an ex-convict turned informant, the show explores the claustrophobic world of double-crosses and redemption. It is a slow-burn narrative that delivers a devastating emotional punch.
Black Warrant (Netflix): Created by Vikramaditya Motwane and Satyanshu Singh, and written by Arkesh Ajay, this is a bruising, historical biopsy of Tihar Jail. Based on the memoirs of a former jailer, it eschews melodrama for a cold, clinical look at the “state within a state.” It is a symphony of iron bars and moral compromise that warrants every second of your attention.
Khauf (Amazon Prime Video): Written by Smita Singh and directed by Pankaj Kumar and Surya Balakrishnan, this horror thriller moves beyond simple jump-scares. It uses the supernatural as a thinly veiled metaphor for the very real dread women face in urban India. Atmospheric, unsettling, and deeply intelligent, it is arguably the most sophisticated horror entry of the year.
The Hunt: The Rajiv Gandhi Assassination Case (SonyLIV): Directed by Nagesh Kukunoor and written by Rohit Banawlikar and Sriram Rajan, this docu-drama is a masterclass in procedural tension. It tracks the 90-day manhunt following the 1991 tragedy with the precision of a Swiss watch. It proves that history, when told with this much restraint, is more gripping than any fictional thriller.
Bhay: The Gaurav Tiwari Mystery (MX Player): Director Robbie Grewal and writer Arshad Syed delve into the eerie world of India’s most famous paranormal investigator. Starring Karan Tacker and Kalki Koechlin, the series balances supernatural intrigue with a deeply human mystery. It is a chilling exploration of the unknown that lingers long after the credits roll.
Dupahiya (Amazon Prime Video): Written by Avinash Dwivedi and Chirag Garg and directed by Sonam Nair, this rural satire is a delight of small-stakes storytelling. When a motorbike goes missing in a “crime-free” village, the resulting chaos serves as a sharp critique of local ego and reputation. It is Panchayat with a sharper, more cynical edge.
Task (JioHotstar): Created by Brad Ingelsby and directed by Jeremiah Zagar and Salli Richardson-Whitfield, this high-octane procedural is a global standout. It follows an FBI task force in the Philadelphia suburbs tracking a string of drug-house robberies led by an unsuspecting family man. It is gritty, authentic, and features a powerhouse performance from Mark Ruffalo.
Black, White & Gray: Love Kills (SonyLIV): Written and directed by Pushkar Sunil Mahabal, this mockumentary-style thriller is the year’s most experimental export. By blurring the lines between a true-crime documentary and a scripted drama, it forces the audience to question their own voyeuristic tendencies. It is a daring piece of meta-fiction that pays off brilliantly.
Gram Chikitsalay (Amazon Prime Video) : Created by Deepak Kumar Mishra and Arunabh Kumar and directed by Rahul Pandey, this TVF production is “comfort food” with a conscience. It follows a city doctor (Amol Parashar) attempting to revive a derelict clinic in rural Jharkhand. It captures the friction of modern India with a heavy dose of heart and rural wit.
13th: Some Lessons Aren’t Taught In Classrooms (SonyLIV): Directed by Nishil Sheth and written by Sameer Mishra, this heartfelt drama explores the profound bond between a mentor and his student. Following a venture capitalist who pauses his career to help his old teacher launch an ed-tech start-up, it is a touching tribute to the power of education. It is a quiet, contemplative gem in a sea of loud thrillers.
Dept. Q (Netflix): Created by Scott Frank and Chandni Lakhani, this British crime thriller is based on the famous Danish novels. Set in Scotland, it follows a cold-case unit run by a detective who is as broken as the files he investigates. It is moody, rainy, and relentlessly grim—a definitive “Nordic Noir” reimagining for the English-speaking world.
The Residence (Netflix): Created by Paul William Davies and directed by Jaffar Mahmood, this Shondaland production is a “whodunnit” set within the White House. Uzo Aduba shines as a detective investigating a murder during a state dinner, navigating a labyrinth of political secrets. It is a witty, high-stakes mystery that balances slapstick with genuine suspense.
Mercy for None (Netflix): Written by Yoo Ki-seong and directed by Choi Sung-eun, this South Korean action noir is a visceral adaptation of the webtoon Plaza Wars. It follows a man returning to the criminal underworld to uncover the truth behind his brother’s death. It is a stylish, brutal, and emotionally charged epic that demands to be seen.
Dope Thief (Apple TV+): Created by Peter Craig and directed by Ridley Scott, this explosive crime drama stars Brian Tyree Henry. It follows a duo of small-time thieves in Philadelphia who inadvertently stumble upon a massive conspiracy. It is a high-pedigree thriller with a cinematic soul that unfortunately got lost in the Apple TV+ shuffle.
In a world of infinite scrolls and diminishing returns, these sixteen titles remind us that the best stories are rarely found on the front page. They require a bit of digging, a bit of patience, and a willingness to step off the beaten track. The algorithm may not find them for you, but you would be wise to find them yourself before the next wave of blockbusters washes them away.
2025 will be remembered for its hits. It should also be remembered for what it missed.
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.
