iWorld
Voot Select set to bring new series ‘Candy’ on 8 Sept
Mumbai: Premium OTT platform Voot Select is all set to premiere its next original web series “Candy” on 8 September. The eight-part murder mystery features actors Richa Chadha and Ronit Roy in lead roles
Directed by Ashish R Shukla and produced by Wakaoo Films, the show also has Manu Rishi Chadha, Gopal Datt Tiwari, Nakul Roshan Sahdev, and Riddhi Kumar in prominent roles.
In the mists of Rudrakund, the gruesome murder of a school student pushes troubled teacher Jayant Parekh (Roy) and local cop Ratna Sankhawar to unravel a web of disturbing secrets that involve rave parties in the hills, cold cases from the past, malevolent demons in the woods and a hallucinogen smuggled under the garb of Candy. While one section of the society is petrified about the mystery killings and the rumors revolving around an evil force, the others try and solve the mystery behind the drug-infused candy sold to school kids. With infinite twists and turns, “Candy” is a thrilling journey through the world of dark secrets where sins dwell, shared the platform.
“Ever since its launch, Voot Select has been synonymous with top-drawer storytelling. Candy, our latest original series, is yet another compelling story that audiences will be glued to, right till the very end. Candy marks the launch of our new content slate and we are excited to bring more high-quality entertainment to India,” said Viacom18, head – Voot Select, Voot Kids, and international business, Ferzad Palia.
“Candy’s gripping storyline and top-drawer cast will ensure to keep our users at the edge of their seats. The thrill and excitement of the show will deliver top-notch entertainment as we look forward to creating more such stories that are compelling and meaningful,” added Voot and Voot Select, head – originals, Manjit Sachdev.
“It was great directing a stellar and talented star cast for a show like Candy that is so intense and layered. Richa and Ronit have been fantastic and very collaborative. The show is intriguing, thrilling and will keep the audience hooked till the very end,” said director Ashish R Shukla.
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.
