iWorld
Tata Sky Binge onboards two new OTT Apps this festive season
Mumbai: In order to make the most of the festive season, Tata Sky has added two new apps to bolster its streaming platform Tata Sky Binge, taking the total number of partner apps on the platform to thirteen.
The two OTT apps- EPIC ON & DocuBay helmed by IN10 Media Network will add thousands of movies, shows, reality TV content, and award-winning documentaries from around the globe to the existing bouquet of content on Tata Sky Binge, the company announced on Monday. Subscribers will be able to access the new content library on existing subscriptions across large screen connected devices (Tata Sky Binge+ Box and Tata Sky edition of the Amazon FireTV Stick) and the Tata Sky Binge Mobile App, it added.
The streaming platform currently aggregates content from 11 premium OTT apps including Disney+ Hotstar Premium, ZEE5, Sony Liv, Voot Select, SunNxt, Hungama Play, Eros Now, ShemarooMe, Voot Kids, and CuriosityStream. “EPIC ON and DocuBay will add more diversity to our content catalogue driving further engagement. We believe such platform additions will only make Tata Sky Binge the absolute go-to destination for the viewers,” said Tata Sky spokesperson.
EPIC ON will bring to the table a vast array of content including a mix of movies, TV shows, short films, reality TV content, food & travel shows. This includes Gandhi, Dharmakshetra, Siyasat, Raja Rasoi Aur Anya Kahaniyaan, and Stories by Rabindranath Tagore. It also features several Korean Drama titles dubbed in Hindi and short films.
While, DocuBay specialises in streaming documentaries from around the globe and will add informative content including award-winning documentary films on nature, science, history, wildlife, travel, crime, world events, and much more. This includes Victims of ISIS, Financing Terror, and Bitcoin: The end of money as we know it.
IN10 Media Network’s Spokesperson further added, “With the digital ecosystem seeing immense growth and viewers looking for diverse content, our digital offerings – EPIC ON and DocuBay – provide a rich library of world-acclaimed content. We are happy to partner with Tata Sky as its reach and our varied content of shows, movies and documentaries will provide the customers an enriching and enthralling content-viewing experience every week.”
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.
