iWorld
GRB Media Ranch licenses multiple seasons of ‘Untold Stories of the E.R.’ to +SBT Brazil
Mumbai: GRB Media Ranch president Sophie Ferron announced that the company has licensed seven seasons of Untold Stories of the E.R. to Brazil’s streaming platform +SBT. The series was also recently licensed as a format to Khelgejo for production in Africa, marking GRB Media’s continued territorial and format expansion for this popular program. GRB Media Ranch acquisition & sales executive Liz Levenson will attend MIPCancun to engage with Latin American market representatives.
Untold Stories of the E.R. is a medical docuseries re-enacting real emergency room cases, showcasing doctors’ expertise and decision-making under intense pressure. GRB Studios’ CEO, Gary R Benz created the iconic series, and he exec-produced 13 seasons within 15 years. The series has been broadcast in 214 territories and has received strong format interest.
Ferron stated: “We’re thrilled to announce the continued success of Untold Stories of the E.R., as it finds a new home with SBT. It’s rare to come across an IP that continues to resonate with audiences across the globe year after year, and we’re incredibly grateful for its enduring appeal. This series has proven time and again that great storytelling transcends borders, and we look forward to seeing Untold Stories connecting with Brazilian viewers once more — and we anticipate it will inspire local productions in the near future.”
SBT’s content acquisition and sales manager, Goyo Pessoa Garcia stated, “+SBT, SBT’s streaming platform, aims to bring Brazilian audiences the best content options across a wide variety of genres. Adding Untold Stories of the ER to our catalog seeks to meet the demand of viewers who crave quality docuseries productions and are drawn to the drama and emotional stories each episode brings.”
iWorld
Universal Music to sell half its Spotify stake, expand buyback plan
Ackman pressure mounts as label posts €2.9bn revenue and strong subscription growth
HILVERSUM: Universal Music Group has unveiled plans to sell half of its stake in Spotify and double its share buyback programme to €1 billion, signalling a sharper capital strategy as investor scrutiny intensifies.
The company said it will launch an additional €500 million buyback after completing the €500 million programme announced in March, taking the total authorisation to €1 billion. Proceeds from the Spotify stake sale will help fund the buyback and will also be shared with artists, in line with long-standing commitments.
The move comes amid pressure from billionaire investor Bill Ackman, whose firm Pershing Square Capital Management holds over 4.5 per cent of UMG. Ackman recently made an unsolicited offer valuing the company at around $64 billion to $65 billion and has argued that the label’s shares are undervalued.
As part of his proposal, Ackman suggested selling the entire Spotify stake to raise €1.5 billion after taxes and artist payouts, while also pushing for a US listing and changes to the company’s financial reporting structure. UMG’s board has instead opted to move independently, approving a partial stake sale on its own terms.
The decision also aligns with what is informally known as the “Taylor Swift clause”, a commitment made when Taylor Swift re-signed with the label in 2018, ensuring that any proceeds from Spotify stake sales are shared with artists on a non-recoupable basis.
With investor pressure building and strategic levers now in motion, UMG appears to be striking a careful balance between rewarding shareholders and reinforcing its long-term growth play in the streaming era.
