Communication Services

MPs are suggesting a ticket levy on concerts held at UK arenas and stadiums to provide financial support to struggling grassroots music venues facing closure. This initiative from the cross-party culture, media, and sport committee aims to establish a voluntary levy on arena and stadium concert tickets to create a fund benefiting venues, artists, and promoters, with the possibility of a mandatory levy if enough funds are not raised by September.

Sony Pictures and private equity firm Apollo Global Management have teamed up to offer $26 billion for Paramount Global, with Sony taking the majority stake and Apollo holding a minority position. This comes as Paramount considers a possible merger with Skydance and prepares for the departure of CEO Bob Bakish.

Takeshi Idezawa, the president of LY Corp., announced the termination of all outsourcing contracts to South Korea's Naver Corp. following a massive leak of personal information through cyberattacks. This decision comes after the communications ministry issued administrative guidance to consider reducing Naver's capital grip over LY.

Uttarakhand Chief Minister Pushkar Singh Dhami urged Mumbaikars to vote for BJP candidate Ujjwal Nikam in the upcoming Lok Sabha elections, criticizing the opposition alliance as a "group of corrupt people." The BJP replaced two-time MP Poonam Mahajan with Nikam, a senior public prosecutor, in the Mumbai North Central constituency.

OpenAI's CEO, Sam Altman, has debunked rumors about the company launching a new search product before Google's I/O conference. Altman clarified on social media that while an announcement is planned for Monday, it does not involve a search engine launch or the introduction of GPT-5, teasing the upcoming reveal as something extraordinary.