iWorld
YouTube contemplates YRF, Shemaroo, Sony, Zee & studio tie-ups
MUMBAI: With competition in the OTT space getting tougher every passing day, the players have to ensure that they boast an edge over the rest. In a move to compete with its rivals – Netflix and Amazon Prime, Alphabet’s YouTube is in talks with some of India’s biggest production houses and broadcasters.
Yash Raj Films, Shemaroo, Sony, Zee, etc are some of the big banners the streaming service is considering to partner with. It also plans to possess exclusive content for its Indian viewers from a large number of south Indian studios.
Though, the deals could be different in nature. YouTube APAC regional director Ajay Vidyasagar in an interview with Hindustan Times has stated that some of the deals may bundle the content for YouTube first followed by TV while, some can tweak it for YouTube.
YouTube is facing serious competition from rivals — Netflix and Amazon Prime not just in India but also in America. Globally, YouTube added 400 hours of content every minute to its platform last year. With Amazon signing a deal with Dharma Productions for exclusive content, with few more to be added soon, YouTube has competition knocking at its door. Even Netflix is closing in deals with studios like Phantom Films apart from its original production.
Though, Vidyasagar is not letting the players affect his brand. He believes that Netflix is a high-value, low-volume business with limited reach. It creates content in one place and makes it globally available globally.
But, YouTube claims to have found its way in having large volume and diverse content catering to local needs. According to Vidyasagar, it is expanding to become a local player in every country. Even in small towns, YouTube is the default native video platform that everyone chooses.
Even after Star India taking away its famous talk show, Koffee with Karan which airs on Star World, off YouTube, Vidyasagar asserted that they have an extraordinary volume and in a few quarters time, they might look at the traffic.
YouTube will also look more at exclusive content. In India, it will keep the business free, dependent on ad revenue. Even after having a Netflix-like subscription model in some countries, YouTube does not plan to do the same in India at least in the next few months.
iWorld
Bill Ackman makes a $64bn bid for Universal Music Group
The hedge fund boss wants to list the world’s biggest record label in New York and thinks he knows exactly what ails it
NEW YORK: Bill Ackman wants to buy the world’s biggest record label. Pershing Square Capital Management, the hedge fund run by the billionaire investor, submitted a non-binding proposal on Tuesday to acquire all outstanding shares of Universal Music Group in a business combination transaction worth roughly $64.4 billion (around 55.8 billion euros).
Under the terms of the offer, UMG shareholders would receive 9.4 billion euros in cash, equivalent to 5.05 euros per share, plus 0.77 shares of a newly created company, dubbed New UMG, for each share held. Pershing Square values the total package at 30.40 euros per share, a 78 per cent premium to UMG’s closing price on April 2.
The deal would see UMG merge with Pershing Square SPARC Holdings, with the combined entity incorporating as a Nevada corporation and listing on the New York Stock Exchange. New UMG would publish financial statements under US GAAP and become eligible for S&P 500 index inclusion. Pershing Square says the transaction is expected to close by year-end, with all equity financing backstopped by Ackman’s firm and its affiliates, and all debt financing committed at signing. The transaction would cancel 17 per cent of UMG’s outstanding shares, leaving New UMG with 1.541 billion shares outstanding.
Ackman has a long history with UMG. Pershing Square first bought approximately 10 per cent of the company from Vivendi in the summer of 2021 for around $4 billion, around the time of UMG’s listing on the Euronext Amsterdam exchange. He has since trimmed that position, raising around $1.4 billion from the sale of a 2.7 per cent stake in March 2025, and resigned from UMG’s board in May 2025, citing new executive and board obligations arising from recent investments.
His diagnosis of UMG’s troubles is blunt. The company’s stock has fallen around 33 per cent over the past twelve months on the Euronext Amsterdam exchange, and Ackman lays out six reasons why. These include uncertainty around the Bolloré Group’s 18 per cent stake in the company, the postponement of UMG’s US listing, the underutilisation of UMG’s balance sheet, the absence of a publicly disclosed capital allocation plan and earnings algorithm, a failure to reflect UMG’s 2.7 billion euro stake in Spotify in its valuation, and what Ackman calls suboptimal shareholder investor relations, communications and engagement.
The Bolloré stake has long cast a shadow over the company. Cyrille Bolloré stepped down from UMG’s board in July 2025 as the Bolloré Group battled the French financial markets regulator over its stake in Vivendi, which holds a further capital interest in UMG. UMG had confidentially filed a draft registration statement with the US Securities and Exchange Commission in July 2025 for a proposed secondary listing in America, but put those plans on hold in March 2026, citing market conditions.
Ackman has kind words for UMG’s management, at least. “Since UMG’s listing, Lucian Grainge and the company’s management have done an excellent job nurturing and continuing to build a world-class artist roster and generating strong business performance,” he said. But he made his diagnosis plain: “UMG’s stock price has languished due to a combination of issues that are unrelated to the performance of its music business and importantly, all of them can be addressed with this transaction.”
In other words, Ackman believes UMG is a great business trapped inside a broken structure. If the board agrees, he intends to fix that, loudly and in New York.
