iWorld
New Korean Drama Summer Strike comes to India
Mumbai: One Take Media has progressively emerged as a pioneer in providing the most-watched Korean Dramas in India. With the rise of digital entertainment the demand for Korean shows is remarkable and to fulfill these demands of the Indian viewers, One Take Media has left no stone unturned in getting the best Korean shows for the Indian audience. And herewith arrive two brand new Korean dramas to command the attention of the entertainment world
The Korean Drama ‘Summer Strike’ is about a young woman Lee Yeo Reum, who has just been awarded permanent contract status at work and she has a boyfriend she likes very much. In an unexpected turn of events, her mother dies in a tragic accident just moments after she is dumped by her boyfriend, while work heaps up. Feeling utterly dejected and burnt out, she decides to quit her job and do nothing for a while. Summer Strike is this woman’s journey out of trauma and finding herself while meeting interesting people who teach her the meaning of life and help her heal.
One Take Media has previously brought award-winning K-Dramas to India like Medical Top Team, The Banker, Flower of Evil, Goblin, I’m Not a Robot, Kill Me Heal Me and Hidden Identity, which are available in Tamil, Telugu, Kannada languages along with Hindi and Korean with English subtitles.
The power of language is great and One Take Media believes in providing international content to the viewers in their local language. Hence ‘Summer Strike’ and ‘Lonely Enough To Love’ will be available in Hindi along with English subtitles and original Korean language for Korean learning enthusiasts. All of these contents can now be accessed on the Playflix K-Drama OTT app by One Take Media Co. It is one of the first apps in India to offer entertainment content in 11 Indian regional languages.
Apart from Korean dramas, OTMC also offers a wide library of Kid’s Animated shows, Turkey shows, Spanish shows, Chinese shows and more.
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.
