iWorld
“Vaada- Ek Anokha promise” premieres on Dollywood Play in Hindi
Mumbai: Get ready to embark on a cinematic journey like no other, as Dollywood Play, your go-to destination for the finest in entertainment, is all set to premiere the much-anticipated Telugu-language gem, “Vaada- Ek Anokha Promise,” in Hindi. Stepping into the world of mesmerising storytelling and boundless emotions, this captivating film, originally known as “Veyi Shubhamulu Kalugu Neeku,” will be available on the Dollywood Play OTT platform starting 21 October.
In the heart of this compelling drama, “Vaada- Ek Anokha Promise,” lies a story that resonates with the hopes and aspirations of all. Directed and written by the visionary Raams Rathod, the film follows the life of a TV show director. Driven by the profound promise he made to his father, he embarks on a journey to acquire his dream house. However, as the plot thickens and the story unfolds, our protagonist finds himself facing new challenges, unveiling the complexities of keeping promises. With the stellar performances of Vijay Raja, Tamanna Vyas, and Sivaji Raja, “Vaada- Ek Anokha Promise” is an emotional rollercoaster that will tug at your heartstrings, reminding you of the power of commitments.
Dollywood Play founder, promoter, and managing director Aneesh Arjun Dev shared his enthusiasm for this cinematic venture, stating, “Here at Dollywood Play, our unwavering dedication lies in curating an array of captivating and diverse content that speaks to the hearts of our cherished audience. ‘Vaada- Ek Anokha Promise’ stands as a resounding testament to our mission of uniting people across linguistic and cultural divides. Borders don’t confine this narrative; they soar beyond them, resonating with the essence of the human spirit. We take immense pride in presenting this profound experience to our viewers in the universal language of cinema- Hindi.”
Dollywood Play has a rich and varied content portfolio, offering a mix of full-length movies, shorts, clips, and songs. Their forte lies in curating well-organized content across popular genres like action, thriller, suspense, drama, comedy, romance, and horror. As a platform dedicated to entertaining and enriching the lives of its viewers, Dollywood Play continues to be a trailblazer in the world of digital entertainment.
Mark your calendars for October 21st and witness the magic of “Vaada- Ek Anokha Promise.” Let Dollywood Play be your gateway to a world of exceptional cinema, where promises come to life and storytelling knows no bounds.
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.
