iWorld
Prime Video announces worldwide streaming premiere of Yudhra
Mumbai—Prime Video announced the exclusive streaming premiere of Yudhra. Produced by Ritesh Sidhwani and Farhan Akhtar under the banner of Excel Entertainment and directed by Ravi Udyawar, features Siddhant Chaturvedi and Malavika Mohanan in the lead roles, along with Raghav Juyal, Gajraj Rao, Ram Kapoor, Raj Arjun and Shilpa Shukla in pivotal roles. The film is now exclusively streaming on Prime Video in India and across 240 countries and territories worldwide.
Praised for its riveting storyline, intense action sequences, and great ensemble cast with commendable performances, the film is full of unexpected twists, raw energy and a compelling narrative. Yudhra follows Siddhant Chaturvedi as the titular character, who goes on an undercover mission to bring down a powerful drug syndicate headed by Firoz (Raj Arjun) and his son Shafiq (Raghav Juyal). Yudhra retaliates against Firoz as vengeance for his parent’s death. The film provides a fantastic balance of drama and thrills, giving an adrenaline rush that keeps you on the edge-of-your-seat.
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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.
