Latest news with #Nova
The Citizen
2 days ago
- Business
- The Citizen
Sharemax rescue vehicle on the brink as creditors circle
The moment Nova enters liquidation, its entire debenture debt becomes due and payable. Nova's previous head office in Pretoria, also the former head office of Sharemax. Picture: Moneyweb One of Nova Property Group's service providers has filed liquidation applications against the holding companies of six of its shopping centres – a move that could have serious consequences for former Sharemax investors. If Nova, the entity responsible for repaying these investors (who became debenture holders in terms of the Sharemax rescue scheme), is placed under provisional or final liquidation, all outstanding debentures would become immediately due and payable. Liquidation would also allow for a comprehensive investigation into the events that led to the group's financial collapse and the conduct of its directors and other key stakeholders. Bright Light Solar (BLS), a company that installed solar systems at several Nova shopping centres, filed the liquidation applications last week. BLS claims Nova owes it more than R4 million in unpaid electricity bills and R80 million in penalties for contractual breaches. It further alleges that Nova acted in bad faith and has abused legal processes to delay payment. 'Given the respondent's clear inability to pay its debts and its repeated attempts to delay enforcement, liquidation is the only appropriate remedy,' BLS CEO Kevin Shames claims in court papers. 'The respondent has repeatedly employed procedural tactics to evade its obligations, and the court should not permit further obstruction.' ALSO READ: Nova breaches the Companies Act for the eighth straight year Solar disputes and unpaid claims According to court papers, BLS installed solar solutions at Nova's Waterglen, Carletonville, Tarentaal, Witbank, Village and Florida shopping centres. In terms of the agreements, Nova would buy electricity from BLS at favourable tariffs for 25 years. However, Shames claims that soon after the commencement of the agreements, Nova started to default on payments despite collecting payment from the shopping centres' tenants. By May 2024 Nova was more than R4 million in arrears for all centres. Shames claims that Nova and BLS later concluded a repayment agreement stipulating that Nova would settle its arrears by October last year. Kevin Shames, CEO of Bright Light Solar. Image: Bright Light Solar website However, Nova failed to make the payments and subsequently issued summonses against BLS for R4.3 million, claiming that BLS did not comply with an oral agreement concluded in October 2021 requiring BLS to install batteries at the centres. Nova also amended the summonses on several occasions. Shames vehemently denies that such oral agreement was ever concluded and claims the summonses were only aimed at delaying repayment. 'This was a coordinated and premeditated litigation strategy aimed at manufacturing a fictitious dispute where none existed in an attempt to obstruct the liquidation applications which had by that stage become inevitable,' he states. BLS subsequently cancelled the electricity supply agreements and warned Nova that it may initiate liquidation proceedings. However, Nova rushed to the court and obtained an urgent ex parte order interdicting BLS from initiating winding up proceedings. The court later set aside the interdict with a punitive cost order, and the judge criticised Nova for failing to provide full disclosure. Shames labels these actions as abusive and in bad faith. 'The abusive ex parte application [and] the mala fide proposed amendments to summonses demonstrate a pattern of conduct that was not initiated to pursue any genuine disputes but were instead a deliberate and bad faith attempt to obstruct legitimate winding-up proceedings.' ALSO READ: Irba surprisingly withdraws SCA application to appeal former Sharemax auditors' judgment Nova to defend Nova chair Connie Myburgh claimed in response to Moneyweb questions that BLS's applications are 'vexatious, opportunistic and without merit'. 'The applications are an abuse of legal process, launched merely for the sake of embarrassing and extorting the Nova Group, under circumstances where Bright Lite Solar [sic] is owed nothing by the said subsidiaries, and there are serious factual disputes between the subsidiaries and Bright Light Solar, as set out in summonses issued by the subsidiaries against Bright Light Solar, late last year.' Myburgh also stated that the Nova companies claim more than R80 million in damages from BLS. 'Notwithstanding the above disputes and damages claims, Bright Lite Solar [sic] deemed it appropriate to issue liquidation proceedings in a totally inappropriate manner, and merely as an extortive defence mechanism.' He also stated that the liquidation applications do not render debentures payable. (Read Myburgh's complete response here). ALSO READ: Irba expert witness questioned at Sharemax disciplinary hearing Debenture repayment obligations If the Nova companies are indeed placed into provisional or final liquidation, the debentures will become immediately payable. This is specified in the Nova Debenture Trust deed, which forms part of the Schemes of Arrangements (SoA) that tasked Nova with repaying former Sharemax investors. The original SoA required Nova to repay investors by 20 January 2022, but the group was not in a financial position to do so. The board claimed it had complete discretion to delay repayments – a position disputed by the Companies and Intellectual Property Commission (CIPC) and the group's auditors at the time. According to Nova's most recent set of annual financial statements (AFS) for the year to the end of February 2024, outstanding debentures amounted to R2.2 billion. ALSO READ: SA's most spectacular case of corporate capture Not the first liquidation application BLS is not the first company to initiate winding-up proceedings against Nova subsidiaries. In 2023, the Quatro Group – which provided security, cleaning, and related services to Nova shopping centres – applied to liquidate 12 Nova entities after the group failed to settle outstanding payments. Quatro later withdrew the applications following a settlement agreement with Nova. However, Nova has yet to honour the agreed repayment. The City of Mbombela cut the electricity supply to two shopping centres for non-payment of their municipal bills in 2023. The City of Mbombela cut the electricity supply to two of Nova's shopping centres in Nelspruit due to the non-payment of its municipal account. This photo shows a notice on the door of the Bazaruto restaurant in Courtside, which had to close its doors. Image: Lowvelder The most notable failure by Nova to pay its debts involves the bridging finance group Beneficio. This case also saw numerous legal challenges from Nova. The case dates back to the late 2010s when Nova borrowed money from Beneficio at an astronomical interest rate of 1% per week as commercial banks refused to lend money to Nova. Nova defaulted on repayments in 2020, prompting Beneficio to sue for about R60 million. However, as in the current BLS case, Nova counter-sued, claiming the interest rate was usurious. However, the High Court and the Supreme Court of Appeal have dismissed all of Nova's applications. Nova has now approached the Constitutional Court, which means the legal process has been dragged out for more than five years. ALSO READ: Liduidators sue Highveld Syndication BRP and Nova chair for R110m Nova's financial position It is perhaps not surprising that Nova is facing liquidation applications. Its most recent AFS revealed a factually insolvent company. The liabilities exceeded its assets by R90 million, while the short-term liabilities amounted to R323 million, which included R188 million due to creditors, R74 million to repay loans, and outstanding tax of R62 million. The company ended the year with accessible cash of R600 000 in its bank account. Nova chair Connie Myburgh (left) and Nova CEO Dominique Haese. Image: Moneyweb Nova's financial position has deteriorated significantly since 2022, when the CIPC forbade the company from selling more fixed assets. That came after Nova sold 19 of the 28 investment properties it was entrusted with (mostly shopping centres). According to Moneyweb's calculations, the total proceeds from these sales amounted to R636 million, of which only R176 million was returned to debenture holders. Since 2018 alone, Nova has generated R350 million from asset disposals – but has paid only R96 million to settle debentures. Nova ostensibly used the balance of around R460 million to fund operational expenses. ALSO READ: The dark underbelly of the business rescue industry Millions more for directors if Nova continues to trade The only winners in the Nova saga seem to be the executive directors. Myburgh and CEO Dominique Haese have collectively earned R100 million from the scheme's inception in 2012 to February last year, roughly R50 million each. Nova has always contended that its remuneration is market-related. Trustee response Jean-Pierre Tromp, the trustee of the Nova Debenture Trust who acts on behalf of debenture holders, said: 'As this is the second set of liquidation applications in two years, it echoes the concerns I raised with the CIPC as to whether the Nova Group is still a going concern.' He is also concerned that Nova may offer some of the property assets in the group as security as part of a settlement agreement, which would be to the detriment of debenture holders. Tromp added that the application wasn't surprising as Nova's latest AFS shows that debt levels have increased to a 'very worrisome level'. 'I have serious doubts as to whether the executive directors are managing the group of companies to the benefit of the debenture holders. I also question the role the independent directors are supposed to fulfil in an oversight function as per King IV [corporate governance code].' ALSO READ: NPA asks Hawks to reopen Sharemax investigation CIPC investigation into Nova's solvency has ground to a halt Nova's financial distress and failure to repay debenture holders led the CIPC to intervene in 2021, issuing directives for the company to prove it wasn't trading insolvently and later barring further asset sales. Nova appealed to the Companies Tribunal, where the matter remains unresolved. The CIPC broadened the scope of its investigation into Nova to include the role regulators, such as the South African Reserve Bank, played in the collapse of Sharemax and other failed property syndication schemes. This 'inter-regulatory' process has since stalled, and has consequently delayed action against Nova as its financial position worsens. Moneyweb queried the CIPC about Nova's 2024 financials before learning of Bright Light Solar's liquidation application. In response, Ndileka Cola of the CIPC stated that the 'Commission continues to monitor the financial performance and conduct of Nova PropGrow Group Holdings Ltd'. 'Enforcement action against the board is being actively considered based on the company's financial position, cash flows, and governance conduct.' Moneyweb asked the CIPC last week whether it was aware of the liquidation application, at which point Cola terminated communication. 'Subsequent to the response sent to you last week, please be informed that the CIPC will not be communicating on this matter until it has been concluded,' she wrote in a statement. ALSO READ: Jacques Pauw calls AfriForum 'outright stupid' on Modise, calls for Sharemax prosecution Harrison and White Concerns about Myburgh's involvement in the timing of liquidation proceedings have previously surfaced in other cases. During the 2010s, Myburgh served as a legal advisor to Harrison and White (H&W), a company placed in liquidation in 2017. A Section 417 inquiry into the events preceding the liquidation found that Myburgh had 'colluded with the company's directors and management' to delay an inevitable liquidation application by more than three-and-a-half years, giving time for the company's assets to be stripped. The Master of the High Court subsequently referred the Section 417 report to the National Prosecuting Authority to investigate possible fraudulent conduct by several individuals, including Myburgh. At the time, Myburgh denied wrongdoing and accused Moneyweb of unlawfully publishing the Section 417 report. This article was republished from Moneyweb. Read the original here.
Hindustan Times
3 days ago
- Business
- Hindustan Times
No one's safe- Amazon CEO gives a big 'AI warning' to all employees
Amazon CEO Andy Jassy has delivered a clear and uncompromising message to employees across the company — learn how to work with generative AI, or risk being replaced by it. In a sharply worded post for employees, Jassy laid out Amazon's aggressive push into generative AI and agent-based systems. He called it the 'most transformative technology since the internet' and made it abundantly clear that the wave of automation it's enabling will reshape teams, job functions, and the very structure of the company in the years ahead. 'We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs,' Jassy wrote. He added, 'Educate yourself, attend workshops and take trainings… Those who embrace this change will be well-positioned to help us reinvent the company.' While optimistic about what AI can unlock, Jassy didn't shy away from the uncomfortable reality: many current roles could become redundant as Amazon ramps up its deployment of AI tools across departments. The memo outlines how AI is already deeply embedded in nearly every corner of Amazon's operations. And Jassy made it clear — this isn't an early experiment. It's already working, and the pace is only accelerating. Alexa+: The next-gen voice assistant doesn't just respond — it takes meaningful action on behalf of users. AI Shopping Assistant: Tens of millions of customers now rely on AI to make more informed purchase decisions. Product Discovery Tools: Features like Lens, Recommended Size, and 'Buy for Me' are powered by generative AI. Seller Support: Nearly 500,000 Amazon selling partners are using AI tools to create better listings and grow faster. Advertising: Over 50,000 advertisers used Amazon's AI-powered ad tools in Q1 alone. AWS Services: With innovations like Trainium2 chips, Bedrock, SageMaker, and Amazon's own foundation model Nova, builders can now launch and scale AI applications with ease. Internal Ops: From inventory and forecasting to fulfilment robots and customer service bots, AI is already driving efficiency and reducing costs. Amazon plans to make it much easier to build and deploy AI agents across every business unit — from retail and logistics to cloud and advertising. These agents, Jassy says, will become 'teammates' capable of handling tasks, providing insights, and unlocking faster innovation at scale. But with that comes change. Apple iPhone 16 latest price and deals 'As we go through this transformation together… use and experiment with AI whenever you can,' Jassy urged. 'Those who help us build and improve our AI capabilities… will be well-positioned to have high impact," he added.
Business Wire
4 days ago
- Business
- Business Wire
The Trade Desk Expands Generative AI Creative Marketplace in Kokai With Rembrand
VENTURA, Calif.--(BUSINESS WIRE)--Global advertising technology leader The Trade Desk is expanding its generative AI creative offering with Rembrand, a leader in cutting-edge spatially-aware AI technology for content creation, monetization, and advertising. The new partnership integration helps advertisers leverage Rembrand's Virtual Product Ad form solution, allowing advertisers to embed their brands within digital content, including creator and influencer video content. With this and other AI-driven creative optimization offerings, The Trade Desk is helping advertisers unlock the full value of creative agility on the open internet. Rembrand analyzes video content frame by frame to identify organic, in-scene locations where branded elements can subtly be placed in post-production. The new Virtual Product Ad also enables that content to be transformed into the foundation of a content-driven ad unit, which can be delivered through The Trade Desk. The result is a more contextually relevant, seamless advertising experience for viewers. As Rembrand looks to expand its capabilities to connected TV (CTV) and film, they are integrating with The Trade Desk as its first media buying platform partner. 'Brands understand the need to be faster, smarter, and more innovative to better connect with their consumers. And The Trade Desk is collaborating with companies that are at the forefront of advertising innovation, particularly as we embed generative AI into every aspect of programmatic,' said Samantha Jacobson, Chief Strategy Officer, The Trade Desk. 'Bringing Rembrand into our platform gives advertisers a powerful new way to own the moment. This is digital advertising reimagined for the future as an immersive and culturally relevant experience.' 'Our partnership with The Trade Desk goes beyond technology,' said Omar Tawakol, CEO of Rembrand. 'It's about placing brands within content that carries the trust audiences have towards their favorite influencers. That tight contextually relevant integration increases watch time so that the brand can convey their story and deliver programmatic ads that perform.' Rembrand becomes the latest AI creative innovator to integrate with The Trade Desk. As part of its AI-driven creative optimization marketplace within Kokai, The Trade Desk has also partnered with creative automation platforms such as Nova and Spaceback. Nova equips brands and publishers with native ad tools that blend seamlessly on-site, enhancing performance while maintaining an uninterrupted user experience. Spaceback recreates social content as programmatic-ready display, video, and CTV ads. Within audio, Bunny Studio streamlines high-quality audio production in a few clicks. It offers more than 100 services and a global network of voice talent, empowering advertisers to produce professional-grade audio spots that are ready-to-air and multilingual for podcasts, audio streaming platforms, and video. This feature is built into the Creative Library tile on The Trade Desk's Kokai platform. 'By tapping into a range of advanced and diverse creative optimization technologies, The Trade Desk is strengthening the relationship between advertisers and audiences,' said Jacobson. 'Our approach with these creative optimization partners is driving us to move beyond traditional media buys and focus on dynamic advertising opportunities that evolve alongside changing consumer behavior. It represents another step toward a more adaptive and immersive future for digital advertising across the open internet.' About The Trade Desk The Trade Desk™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe, and Asia Pacific. To learn more, visit or follow us on Facebook, Twitter, LinkedIn and YouTube.
Yahoo
13-06-2025
- Entertainment
- Yahoo
CNN's Scott Jennings on Being Stranded in Israel Amid War With Iran: 'How Are We Going to Get Out of Here?'
CNN's Scott Jennings knew his trip to Israel would be harrowing. But the conservative political commentator was not quite expecting to be caught in the middle of a war between the country and Iran after Israel Defense Forces launched a series of drone and fighter jet strikes on Tehran, taking out the country's military leadership, nuclear scientists and nuclear facilities. Jennings, 47, had embarked on a trip to the region — his first — to tour major cities like Jerusalem and Tel Aviv as well as kibbutz Nir Oz, where approximately one-quarter of its 400 residents were killed by Hamas in the Oct. 7, 2023, attacks, as well as the site of the Nova music festival massacre, where 378 were killed. More from The Hollywood Reporter Fox News' Trey Yingst Seeks Cover From Tel Aviv Missile Barrage During Live Broadcast: "Time to Go" Caitlyn Jenner's Israel Pride Parade Visit Disrupted by Iran War Breakout Pixar Gives First Look at 'Toy Story 5,' Teases New Original 'Gatto' at Annecy 'We started to get reports a couple of days ago that the U.S. was telling non-essential personnel to leave military bases and stay in place,' Jennings says as he shelters in place in a hotel in Tiberius, on the western shore of the Sea of Galilee. 'At the same time, we were hearing that the U.S. was still intending to meet with Iran this weekend. It became clear about 3:00 a.m. yesterday.' Jennings was awake, prepping for a remote interview on CNN, when his phone first pinged an emergency alert. 'I stood out on the balcony in my hotel and watched,' he says. 'In fact, I'm looking at a military jet fly overhead right now.' A series of alerts of increasing severity followed: First, 'stay alert,' followed by, 'stay near a safe space' and, eventually, 'evacuate to a safe area.' Occasionally, air raid sirens would pierce through the morning air. Jennings had already had some practice prior to the war's outbreak. In Jerusalem, during dinner, an alarm went off and the hotel guests were guided into a bomb shelter in the basement. 'It was a very tiny room,' he says. 'We crammed in there and waited. We waited about five minutes then went back upstairs and finished dinner.' On Friday evening, as Iranian ballistic missiles rained down on Israel, the majority of which were intercepted by the country's Iron Dome defense system, sirens wailed throughout Tiberius and hotel guests were ushered into a safe zone for about a half an hour. A Tel Aviv area hospital said it was treating 15 injured civilians from the Iranian response. 'Then they announced that the missile barrage was over. They have very good intelligence about when the missiles are in the air and how many minutes away it is,' says Jennings. As of press time, Jennings was under orders not to leave his hotel, should they need to seek refuge in a bomb shelter. 'So a few of us are out on the back sort of porch of this hotel right now. It's a beautiful night. It's kind of almost a full moon, and we're sitting out here looking over the Sea of Galilee. I mean, it could not be more of a beautiful scene out here,' he observes. Jennings has no idea how long he'll have to stay at the hotel or when he'll depart Israel. 'Airspace is closed, airports are closed,' he says. 'The thing we know the least about is how are we going to get out of here. We were supposed to leave tomorrow, but that doesn't feel like it's happening.' Asked if he was aware of the presence of Caitlyn Jenner, in the country for Tel Aviv's gay pride festivities and similarly stranded, Jennings said, 'I saw that she was here — and then I saw that the Daily Mail sort of made it seem like we were here together. It was, 'Scott Jennings and Caitlyn Jenner Stuck in Israel.'' 'We're both stuck here,' he added with a chuckle. 'But not together.' Best of The Hollywood Reporter Hollywood's Most Notable Deaths of 2025 Harvey Weinstein's "Jane Doe 1" Victim Reveals Identity: "I'm Tired of Hiding" 'Awards Chatter' Podcast: 'Sopranos' Creator David Chase Finally Reveals What Happened to Tony (Exclusive)
Business Wire
13-06-2025
- Entertainment
- Business Wire
Rivalry Ignites in the Music Video for New Single 'Don't Mess With Us' From ‘ZOMBIES 4: Dawn of the Vampires'
BURBANK, Calif.--(BUSINESS WIRE)--'Don't Mess With Us,' an all new high-energy music video and single, has been released from the upcoming highly anticipated Disney Channel Original Movie 'ZOMBIES 4: Dawn of the Vampires.' The music video is available today on DisneyMusicVevo. The single is also available on Spotify, Apple Music, Amazon Music and other digital platforms. 'ZOMBIES 4: Dawn of the Vampires' — the latest installment of the music-fueled ZOMBIES franchise — premieres Thursday, July 10, at 7 p.m. EDT/PDT on Disney Channel and streams the next day, Friday, July 11, on Disney+ and Disney Channel On Demand. 'Don't Mess With Us' is performed by the ensemble cast of 'ZOMBIES 4: Dawn of the Vampires,' featuring Milo Manheim, Meg Donnelly, Chandler Kinney, Kylee Russell, Freya Skye, Malachi Barton, Swayam Bhatia, Julian Lerner, and Mekonnen Knife, with choreography by Dondraico Johnson. A high-energy dance battle sparks between the Daywalkers and the Vampires — two rival monster factions from the neighboring towns of Sunnyside and Shadyside. The light side, led by Nova (Skye), and the night side, led by Victor (Barton), face off, as they begrudgingly share quarters at summer Camp Rayburn. Featuring nine brand-new original songs and two reprises of fan-favorite hits, the soundtrack for the upcoming Disney Channel Original Movie 'ZOMBIES 4: Dawn of the Vampires' is now available for pre-order, pre-add and pre-save from Walt Disney Records. The first single from the movie, 'The Place to Be,' is now available on Spotify, Apple Music, Amazon Music, and other digital platforms. Can't get enough ZOMBIES music? This summer, the ' Descendants/ZOMBIES: Worlds Collide Tour ' will hit 43 arenas across North America, celebrating the music of 'ZOMBIES 4: Dawn of the Vampires' alongside fan-favorite hits from the wildly popular Disney Channel Original Movie Descendants and ZOMBIES franchises. The Music from ZOMBIES vinyl album is set for release on July 11 and is now available for pre-order. The 1-LP Green vinyl features 12 hit songs from the 'ZOMBIES' franchise, including 'We Own the Night,' 'Call to the Wild,' and 'Someday,' plus 'The Place to Be,' 'Dream Come True,' and 'Don't Mess With Us' from 'ZOMBIES 4: Dawn of the Vampires.' About 'ZOMBIES 4: Dawn of the Vampires' A new adventure dawns for zombie/cheerleader power couple Zed (Manheim) and Addison (Donnelly) when their summer road trip takes an unexpected detour — landing them in the middle of a monster rivalry: Daywalkers vs. Vampires. Tensions flare when Zed and Addison find themselves acting as camp counselors between the two opposing supernatural factions. With help from Eliza (Russell) and Willa (Kinney), they must convince sworn enemies Nova (Skye), a radiant Daywalker, and Victor (Barton), a brooding Vampire, to try to unite their warring worlds before an even greater threat endangers them all. About the ZOMBIES Franchise A powerhouse in youth entertainment, the ZOMBIES franchise has consistently dominated with each movie release. The cable telecasts for the first three films ranked No. 1 among Kids 6-11 and Tweens 9-14 in their premiere years.* The movies have also garnered nearly a quarter billion streaming hours, becoming one of the most popular Disney Channel Original Movie franchises on Disney+.** The franchise's music has amassed over 5.7 billion streams across YouTube Music, Disney Channel YouTube and Disney Music Vevo***, while soundtracks for 'ZOMBIES' and 'ZOMBIES 3' hit No. 1 on the Billboard Top Kid Albums chart****. This summer, the ' Descendants/ZOMBIES: Worlds Collide Tour ' will visit over 43 arenas across North America, celebrating the music from 'ZOMBIES 4: Dawn of the Vampires' alongside fan-favorite hits from the wildly popular Disney Channel Original Movie franchises 'Descendants' and 'ZOMBIES.' 'ZOMBIES 4: Dawn of the Vampires' brand extensions will include a cross-category product line of apparel, accessories, costumes, fashion dolls by Mattel and more. 'ZOMBIES,' 'ZOMBIES 2' and 'ZOMBIES 3' are currently available on Disney+. *Source: Nielsen, Live+35, Z1: 1/29/18 – 2/25/18, Z2: 1/27/20 – 2/23/20, Z3: 8/1/22 – 8/28/22; ranked on average audience, based on cable movies only **Source: Internal Disney+ streaming data ***Source: YouTube Analytics **** Source: DMG Analytics Lifetime to 2/13/25 SOCIAL MEDIA ABOUT DISNEY+ Disney+ is the dedicated streaming home for movies and shows from Disney, Pixar, Marvel, Star Wars, and National Geographic, along with The Simpsons and much more. In select international markets, it also includes the general entertainment content brand, Star, and in the U.S., eligible bundle subscribers can also access extensive Hulu and ESPN+ content on Disney+, including next day TV, Hulu and ESPN Originals, live sports events and studio programming. The flagship direct-to-consumer streaming service from The Walt Disney Company, Disney+ offers an unmatched collection of exclusive originals, including feature-length films, documentaries, live-action and animated series, and short-form content. With unprecedented access to Disney's long history of incredible film and television entertainment, Disney+ is also the exclusive streaming home for the newest releases from The Walt Disney Studios. Disney+ is available as a standalone streaming service or as part of bundle offerings in the U.S. that give subscribers access to different combinations of Disney+, Hulu, and ESPN+. For more, visit or find the Disney+ app on most mobile and connected TV devices. ABOUT DISNEY BRANDED TELEVISION Disney Branded Television encompasses the creative storytellers and production and content marketing teams responsible for Disney-branded television series, movies and other programming spanning live-action, animated and unscripted formats. The group fuels the Disney+ streaming platform and Disney Channel, Disney XD and Disney Jr. linear networks with content geared toward kids, tweens, teens and families, with stories that are imaginative, aspirational and reflective of their world and experiences. ABOUT DISNEY MUSIC GROUP Disney Music Group (DMG) spearheads The Walt Disney Company's global music ventures, encompassing recorded music, publishing, and live concerts. As the home of iconic labels like Walt Disney Records and Hollywood Records, DMG boasts an extensive portfolio that includes soundtracks from some of the most beloved franchises in entertainment—Disney, Walt Disney Animation, Marvel Studios, Lucasfilm, Pixar, Searchlight Pictures, 20th Century Studios, and Disney+. A trailblazer in the industry, DMG has launched award-winning and chart-topping albums, including the Grammy®-winning Encanto, the Oscar®-winning Frozen, and the fan-favorite Guardians of the Galaxy mixtapes. Its rich legacy extends to celebrated compositions from WandaVision and The Mandalorian, iconic scores like Soul (Oscar® and Grammy® winner), Black Panther, Coco, and Moana, as well as hit video games such as Spider-Man 2, Star Wars Jedi: Survivor (Grammy® winner), and Star Wars Outlaws. Recent releases include Snow White, Moana 2, Mufasa: The Lion King, Inside Out 2, and Deadpool & Wolverine, alongside television soundtracks for Shōgun, Agatha All Along, Only Murders in the Building, and Descendants: The Rise of Red. Looking ahead, DMG is set to unveil highly anticipated soundtracks for Thunderbolts, Lilo & Stitch, Fantastic 4: First Steps, Avatar: Fire and Ash, Zootopia 2, and ZOMBIES 4: Dawn of the Vampires.
