iWorld
Dish Network launches Sling TV for on the go devices including tablets and smartphones
BENGALURU: Sling TV L.L.C., a subsidiary of Dish Network Corporation announced that it will launch Sling TV, a live, over-the-top television service, to customers in the US, in the first quarter of 2015. Sling TV will deliver live sports, lifestyle, family, news and information channels, Video-On-Demand entertainment and the best of online video to broadband-connected devices at home and on-the-go. Priced at US$20 per month, the service will require no commitment, contract, credit check or hardware installation, says a Dish Network release.
At launch, subscribers can watch live TV by downloading the app to supported versions of iOS and Android, or by visiting the upcoming Sling website from Macs and PCs. Sling TV is designed to deliver a high-quality television experience inside and outside the home, anywhere a wired, Wi-Fi or mobile broadband connection is available. The service is delivered over an IP-based content delivery system that leverages adaptive bitrate streaming technology. This allows for the highest quality streaming experience possible regardless of network quality fluctuations or location says Dish Networks.
“Sling TV provides a viable alternative for live television to the millennial audience,” said Dish Network President and CEO Joseph P Clayton. “This service gives millions of consumers a new consideration for pay-TV; Sling TV fills a void for an underserved audience.”
“Consumers can now watch their favourite shows on their favourite devices that they already use to watch video. Live television, including ESPN, for $20 per month with no commitment or contract, is a game changer,” said Sling TV CEO Roger Lynch. “The arrival of Sling TV lets consumers, who’ve embraced services like Netflix and Hulu, take more control of their video entertainment experience.”
Supported internet-connected devices for Sling TV are expected to include Amazon Fire TV, Amazon Fire TV Stick, Google’s Nexus Player, select LG Smart TVs, Roku players, Roku TV models, select Samsung Smart TVs, Xbox One, iOS, Android, Mac and PC. Sling TV expects to announce its availability on additional streaming devices and smart TVs in the coming months.
At launch, Sling TV is offering a core programming package with live and Video-On-Demand shows, sports, movies and online video, as well as two optional add-on packs. Customers will be able to pause, rewind and fast-forward most live channels and Video-On-Demand content. For certain channels, the service includes a 3-day replay feature that gives customers the ability to watch some shows that have aired in the past three days; no DVR is needed. Sling TV’s features are available across all supported platforms.
Priced at US$ 20 per month, ‘The Best of Live TV’ core package includes 12 Nielsen-rated sports, lifestyle, family and news networks: ESPN, ESPN2, TNT, TBS, Food Network, HGTV, Travel Channel, Adult Swim, Cartoon Network, Disney Channel, ABC Family and CNN. This package additionally features an array of Video-On-Demand entertainment and the best of online video with unique content from Maker Studios, the global leader in online short-form video.
Consumers can tailor their experience with add-on packs for access to additional programming, at US$ 5 per month. Sling TV will offer a ‘Kids Extra’ add-on with Disney Junior, Disney XD, Boomerang, Baby TV and Duck TV, and a ‘News & Info Extra’ add-on with HLN, Cooking Channel, DIY and Bloomberg TV. A ‘Sports Extra’ package is coming soon says the company. Sling TV expects to expand its core package, Video-On-Demand content, online video and add-on packs throughout 2015.
Sling TV is an emerging over-the-top service that is independent from Sling Media’s line of Slingbox products and services. Sling Media is the leading provider of multi-screen TV solutions giving consumers the ability to access their live and recorded traditional pay-TV service anywhere in the world, on any connected device.
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.
