iWorld
Voot Select to kick off direct-to-OTT Film Festival on 24 July
Mumbai: Voot Select is all set to host its first ever direct-to-OTT film festival starting 24 July. The Voot Select Film Fest will stream as many as 15 critically acclaimed movies across genres in a span of eight days, the platform announced on Friday.
The specially curated line-up includes a wide range of movies, including those that focus on socially relevant topics coupled with inspiring stories that challenge conventions and showcase #IndiaUnfiltered. The movies that will be part of the film festival include Natkhat, Shuruaat Ka Twist (anthology), Ek Duaa, Love in the Times of Corona (anthology), Jaan Jigar, Lines, The Shaila(s) and Lihaaf.
While the globally renowned and Oscar entrant Natkhat challenges patriarchy that has been embedded in our society and highlights gender equality, Ek Duaa, throws light on gender discrimination in a family set-up while Shuruaat Ka Twist, is an omnibus of six short films mentored by Rajkumar Hirani, Vikramaditya Motwane, Raj Kumar Gupta and Amit V. Masurkar, offering varied interpretations of the theme of ‘Twist’ through short stories. A gripping satirical narrative The Shailas will showcase a tumultuous relationship, wrought by class and caste boundaries, while Jaan Jigar will deal with the issue of moral policing around ‘love’ in a small town of North India.
Lihaaf, based on one of the most celebrated masterpieces of author Ismat Chughtai by the same name, will throw light on the same-sex love and freedom of speech for women, in a male-dominated society. The anthology Love, In The Times Of Corona explores the current turbulent time when the whole world is reassessing what’s most important in their lives with a deeper understanding. Lines, set in 1999, chronicles the life of a young girl who is divided by borders with her husband and how she returns to him.
“Highlighting the theme ‘Twist’, my movie Tap Tap in the Shuruaat Ka Twist anthology showcases the struggle of a singer at the twilight of his career to regain his magic. I related a lot while playing this character and thoroughly enjoyed playing it and I am certain that the audience will love it too,” said actor Chunkey Panday talking about his performance in Shuruaat Ka Twist.
Speaking about Ek Duaa, actor Esha Deol said, “I’m extremely proud of ‘Ek Duaa’ which is my home production, and it was an enriching experience to portray the character of Abida who is fighting against gender discrimination in the thresholds of her own house. Ek Duaa is my humble contribution towards such a big issue and I have never been so emotionally invested in any character before. It has truly been a product of sheer hard work that will strike a chord with the audience.”
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.
