iWorld
MPA’s Ace cracks down on sports piracy mob in Vietnam
MUMBAI: Now it’s the turn of the Motion Pictures Association (MPA’s) Alliance for Creativity & Entertainment (Ace) to bust a piracy racket. The world’s leading anti-piracy coalition, announced the shutdown of a notorious live sports piracy ring based in Vietnam and viewed extensively throughout the world.
Unbelievable, but true, the operation’s illicit sites logged 812 million visits over the past 12 months, making it one of the largest sports piracy rings in the world, and the largest sports piracy syndicates taken down by ACE to date.
The shuttered sites include online sports piracy outlets such as bestsolaris[dot]com, streameast[dot]to; markkystreams[dot]com; crackstreams[dot]dev; and weakspell[dot]to.
Through an intensive, global investigation, Ace identified and approached the sites’ Hanoi-based operators, who agreed to immediately transfer 138 domains to it.
“The shutdown of this globally notorious live sports piracy ring is a huge victory in our campaign against the piracy of live sports programs and follows other recent successful actions by Ace and law enforcement in Vietnam,” said MPA executive vice-president & chief content protection officer Larissa Knapp. “Ace’s live sports members face a unique threat when it comes to digital piracy, as live sports broadcasts lose substantial commercial value once the game ends. The takedown serves as a warning to piracy operators everywhere – including operators in live sports piracy – that Ace will identify and shut down their illegal operations.”
Primarily targeting audiences in the US and Canada, the sites streamed sports events daily, including content from all the US sports leagues and global leagues of every category. The illicit operation affected all Ace members, including ACE’s sports tier members beIN Sports, Canal+ and Dazn.
“DAZN stands with Ace in the fight to eradicate piracy, which undermines the sports ecosystem at all levels,” said Dazn chief operating officer Ed McCarthy, “It is very pleasing that a criminal operation of this scale was taken down. Piracy often compromises the security of fans’ data, which is then used for illegal purposes, so the closure of this piracy ring has the added benefit that potential subscribers will be guided toward legitimate content providers like Dazn.”
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.
