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Hindustan Times
30-06-2025
- Politics
- Hindustan Times
Police resort to mild lathi-charge, fire tear gas to disperse villagers in J'khand Bhognadih
Ranchi, Police on Monday resorted to mild lathi-charge and fired tear gas shells to disperse a group of villagers protesting ahead of an official government function to mark Hul Diwas in Bhognadih, Sahibganj district of Jharkhand, officials said. Police resort to mild lathi-charge, fire tear gas to disperse villagers in J'khand Bhognadih The villagers, led by the Sido-Kanhu Murmu Hul Foundation and Aato Manjhi Vashi Bhognadih , were protesting the district administration's alleged dismantling of a separate stage they had set up to commemorate Hul Diwas in their capacity. Bhognadih, a historically significant village, is the birthplace of tribal icons Sido and Kanhu Murmu, who led the Santhal rebellion against British rule in 1855–56. "Police had to resort to mild lathicharge and use tear gas shells as some villagers attacked the force using bows and arrows," an official said. "The situation is well under control, and the government function is proceeding smoothly," said Sahibganj SP Amit Kumar Singh. He added that the incident occurred in the morning when a group attempted to celebrate the occasion separately. Earlier, descendants of Sido-Kanhu alleged that they were denied permission by the administration to observe Hul Diwas on June 30 in Bhognadih, Sahebganj district. A descendant, Mandal Murmu, alleged that the administration had refused permission for the programme, which was organised by the Sido-Kanhu Hul Foundation and Aato Manjhi Vashi Bhognadih . A member of SKHF alleged that the stage they had erected to observe the occasion was damaged by the administration. Meanwhile, Governor Santosh Kumar Gangwar and Chief Minister Hemant Soren paid tributes to the tribal warriors of Santhal rebellion on 'Hul Diwas' and extended greetings to the people. Hul Diwas is observed to commemorate the anniversary of Santhal rebellion against British rule in 1855-56. Two brothers — Sido and Kanhu Murmu — led the uprising, also known as the Santhal Hul, which took place in present-day Jharkhand. "Salute to the struggle and martyrdom of the great heroes of the Hul rebellion, immortal martyrs Sido-Kanhu, Chand-Bhairav, Phoolo-Jhano and other brave martyrs. Before the freedom struggle, our heroes of the Hul rebellion had lit the torch of tribal identity against the exploitation and atrocities of the British rule and moneylenders and for the protection of water, forest and land," Soren said in a post on social media. The teachings of the brave forefathers will always inspire people to seek justice and self-respect, he added. "Long live the immortal brave martyrs Sido and Kanhu! May the brave martyrs of Jharkhand remain immortal! Hail Jharkhand!" Soren added. Gangwar also extended greetings to tribals and paid tributes to the fighters of the Santhal rebellion. "Their struggle against British rule will always inspire future generations to fight against injustice and serve the motherland," Gangwar said in a post on X. The rebellion, which began in Bhognadih village, aimed to address the exploitation of the Santhal people by the British and local landlords. This article was generated from an automated news agency feed without modifications to text.
Globe and Mail
27-04-2025
- Business
- Globe and Mail
Where Will FuboTV Stock Be in 3 Years?
Up until 2025, FuboTV (NYSE: FUBO) was something of an also-ran in the streaming wars. It was attempting to build an independent streaming service even as content giants like Walt Disney (NYSE: DIS) were building their own services. FuboTV has posted a lot of red ink and has less than 1.7 million customers to show for it. But things are likely to change materially now that FuboTV and Disney have inked a deal around Hulu. But what exactly will FuboTV look like in three years? What has FuboTV achieved? To be completely fair, FuboTV has actually done something pretty impressive. In a media world dominated by giant content companies like Disney, it has built a loyal subscriber base with an independent streaming service. Given the nature of subscriber services, that has created an annuity-like income stream for the company. Indeed, revenue has grown steadily over the past five years. FUBO Revenue (TTM) data by YCharts That said, building a media business is not an easy task. And the growing revenue has not translated into a consistently profitable business. Simply put, it hasn't yet achieved the scale it needs to compete with the industry giants. More investment, largely on the content side, is needed. Based on this background alone, FuboTV probably isn't a particularly attractive investment choice. But things changed at the start of 2025. That was when FuboTV and Disney announced that FuboTV would be merging with Hulu. FuboTV will run the combined businesses, but operate the two as separate entities. FuboTV's subscriber count is expected to rise to around 6.2 million once the deal is fully consummated. FuboTV hits the big leagues, sort of FuboTV's merger with Hulu will dramatically increase its size and scale. And the agreement comes along with a capital infusion of around $220 million. There's also the opportunity to take a loan from Disney to the tune of $145 million. So FuboTV will hit the ground with a pile of cash to support its larger operations. That's important since the company ended 2024 with roughly $160 million of cash on its balance sheet, down from about $245 million the year before. But there's a bigger question here when you consider what FubuTV's business will look like in three years. Assuming the Hulu deal is completed, 70% of FuboTV's stock will be owned by Disney. And Disney will have the right to appoint a majority of the board of directors. And then there's that $145 million loan that Disney will have provided to FuboTV. So in three years FuboTV won't really be a publicly owned company anymore. It will be publicly traded, but it will basically be controlled by Disney. That control will span multiple layers, given Disney's massive stock ownership, board control, and position as a lender to FuboTV. All in, FuboTV won't be in charge of its own business; Disney will be in charge, operating in the background to call the shots. Why does this matter? Because FuboTV will be paying Disney for content, which is another feature of the Hulu merger. It is entirely possible that in three years FuboTV is still a money-losing business, but this time because it is paying lofty carriage fees for content from companies like Disney. And so long as FuboTV can keep the lights on (which doesn't necessarily require that it be profitable), Disney will have the ability to keep bleeding the company for cash. This could be game changing, or not This is clearly a cynical view of the Hulu deal. It is entirely possible that Disney is benevolent, showering FuboTV with care and support. But it seems more likely that Disney's desire to maximize its own profits will prevail and that, in three years, FuboTV's Hulu deal will turn out to be a big change that doesn't lead to a big financial profit. At least not for FuboTV. Should you invest $1,000 in fuboTV right now? Before you buy stock in fuboTV, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and fuboTV wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $594,046!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $680,390!* Now, it's worth noting Stock Advisor 's total average return is872% — a market-crushing outperformance compared to160%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of April 21, 2025
