Streaming Platforms

Ackman’s Pershing to Raise $1.4 Billion in UMG Stake Sale

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(Bloomberg) — A group of Universal Music Group NV shareholders affiliated with billionaire Bill Ackman’s hedge fund Pershing Square is set to raise about €1.3 billion ($1.4 billion) from the sale of about a 2.7% stake in the world’s largest music company. Pershing Square Holdings Ltd., Pershing Square LP and Pershing Square International Ltd. are … Read more

Netflix Is Snapping At The Heels Of The BBC. How Legacy Media Is Losing Out

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During the last quarter of 2024, Netflix pulled a larger audience in the UK than BBC One, becoming the country’s most popular TV service. Across its entire portfolio, the BBC remains the UK’s favourite news and entertainment destination, but this is nonetheless a significant milestone for a US-based streamer. After all, Netflix was a service … Read more