Latest news with #OasisManagement
The Guardian
6 days ago
- Entertainment
- The Guardian
Photo agencies to boycott Oasis tour over rights restrictions
Photo agencies are to boycott the rest of the Oasis reunion tour, including the first 'homecoming' gig in Manchester on Friday, over restrictions imposed on how newspapers, magazines, TV broadcasters and digital publishers can use pictures from the gigs. The band's management has told photo agencies and publishers that they own the rights to shots taken at the concerts for just a year, and then they will lose ownership of the images for any future use. The industry norm is that such deals for independent photographers from agencies are struck in perpetuity so that publishers can continue to use the shots for pieces such as band retrospectives and tributes, and to illustrate future concerts. The News Media Coalition (NMC) – which represents national newspaper groups including Guardian News & Media; the Telegraph; the Sun and Times publisher, News UK; and the Mirror and Express owner, Reach – lodged a complaint before the first gig in Cardiff after negotiations failed to sufficiently improve the terms. The bodies agreed to the stringent terms for the first two gigs in Cardiff, but have decided to boycott the remaining 39 dates in the UK and overseas after further negotiations with the band's management failed to improve terms. It is understood that before the year-long terms were agreed, the initial proposal was for the right to use images for only a month. The NMC said the 'highly unusual' restrictions would hit independent news agencies in the UK and abroad, as well as publishers and broadcasters that use stills to illustrate editorial reports. The row is the latest to beset the highly anticipated tour, which has brought Noel and Liam Gallagher back together on stage for the first time in 16 years. Last week, it emerged that the UK competition watchdog had written to Ticketmaster threatening legal action over the way it sold more than 900,000 tickets for the reunion gigs. In March, the Competition and Markets Authority (CMA) published concerns that Ticketmaster may have misled fans in the way it priced tickets for the band's comeback gigs when they went on sale last August. Some fans paid more than £350 for tickets with a face value of £150. The watchdog said Ticketmaster had failed since then to provide any undertakings that it found acceptable to resolve the issue of the way it sold the tickets. Oasis have been contacted for comment.
Nikkei Asia
09-07-2025
- Business
- Nikkei Asia
Activist investor Oasis owns 5% stake in Japan electronics maker Casio
A Japanese institutional investor sees prospects for Casio Electronics accelerating reforms now that it could come under pressure from outside shareholders. HIDEAKI HIGASHIURA TOKYO -- Hong Kong-based activist investor Oasis Management now owns roughly 5% of Japan's Casio Electronics, according to a shareholding report. As of July 2, Oasis had acquired 12.33 million shares, equivalent to 5.19% of Casio's outstanding stock, according to a large shareholding report filed with the Kanto Local Finance Bureau, a regulator whose jurisdiction includes Tokyo. The acquisition cost about 14.6 billion yen ($100 million).
Yahoo
21-06-2025
- Business
- Yahoo
Japan chemicals firm's CEO fights to keep job as investors revolt
Japan's governance reforms have emboldened shareholders, who are now increasingly vocal about their demands. In a sign of rising shareholders' activism, a president of a semiconductor material maker is at risk of getting voted out of office at the firm's annual general meeting Saturday. Eiji Sato is facing an uphill battle to be re-appointed as president and CEO of Taiyo Holdings, a position he has held since 2011, after some shareholders criticised his response to various acquisition proposals as being too slow. The US$2.5 billion ($3.2 billion) company's biggest shareholder, DIC, an ink maker that has long been a 'stable shareholder' with its 20.04% stake, has come out against Sato. DIC criticised Taiyo as being slow in setting up a committee to study an acquisition proposal and in pushing ahead for talks with the prospective buyer. Joining DIC in calls for Sato's ouster were the company's second and the third biggest shareholders — activist fund Oasis Management Co. and a holding company owned by Taiyo's founding family. The company's three biggest shareholders own about 37% of the shares outstanding. Japan's governance reforms have emboldened shareholders, who are now increasingly vocal about their demands. Although there has been a decline in support for board executives at company AGMs in recent years, it is still rare for a company's proposals to be outright rejected at an AGM. Other Taiyo shareholders such as California State Teachers' Retirement System also announced opposition to Sato after proxy adviser Glass Lewis recommended voting against him. Still, Sato has his supporters. Rival proxy adviser ISS says Taiyo's strong earnings growth over the last five years is a reflection of its solid market position in resist ink used for printed circuit boards and semiconductors. See Also: Click here to stay updated with the Latest Business & Investment News in Singapore Briefs: Record delisting rush as Japan firms flee TSE; London woos Chinese listings as City fights IPO drought Japan firms exit Tokyo Stock Exchange at record pace in delisting rush JX metals rises in debut after biggest Japan IPO since SoftBank Read more stories about where the money flows, and analysis of the biggest market stories from Singapore and around the World Get in-depth insights from our expert contributors, and dive into financial and economic trends Follow the market issue situation with our daily updates Or want more Lifestyle and Passion stories? Click here
Nikkei Asia
16-06-2025
- Business
- Nikkei Asia
Hong Kong activist Oasis urges foreign funds to vote proactively in Japan
TOKYO -- Japan is entering another busy season of annual general meetings, with a record number of shareholder proposals, including ones from Hong Kong-based activist investor Oasis Management. Founder and chief investment officer Seth Fischer, in an online interview with Nikkei Asia on Thursday, said that he has seen changes in how Japanese investors vote against management. "I think domestic investors are far more proactive and understand that Japan has changed. They are more proactive towards their capital, are proactively running against management and are trying to drive higher returns."
Yahoo
10-06-2025
- Automotive
- Yahoo
Toyota supplier hit with criticism at shareholder meeting over $33 billion deal
By Maki Shiraki TOKYO (Reuters) -Some investors in Toyota Industries voiced disapproval of a $33 billion buyout offer on Tuesday, adding to criticism that the bid from Japanese parent Toyota Motor was unfair to minority shareholders. The 4.7 trillion yen ($33 billion) offer to take the forklift maker private has already come under fire from international shareholders including London-based Zennor Asset Management and Hong Kong-based Oasis Management. But on Tuesday, domestic shareholders at what is likely to be the company's last annual general meeting before it is taken private, also expressed their concerns about the plan. The world's top-selling automaker plans to take Toyota Industries private in a complex, multi-part transaction that includes an offer price of 16,300 yen a share. The price, some shareholders have said, undervalues the supplier's intrinsic value and strengthens the founding Toyoda family's control over the broader group. "I don't think I am the only one who feels the price is too low," said one shareholder at the meeting. Another said the acquisition would lead to the "domination" of Toyota Industries, one of Toyota's key suppliers, by the automaker. The meeting ran for almost 2 hours, its longest ever, the company said. Toyota Industries' executives also took some two dozen questions from shareholders, the most ever. On Thursday Toyota chairman Akio Toyoda may face similar questions at the automaker's annual general meeting. Toyota has said the acquisition would allow Toyota Industries to deepen collaboration with group companies, without concerns of short-term profit targets, as Toyota itself becomes a broader "mobility company". Under the deal, a new holding company will be set up. Unlisted real estate company Toyota Fudosan will invest 180 billion yen while Toyoda, the founder's grandson, will invest 1 billion yen. Toyota Motor will invest 700 billion yen for non-voting preferred shares. "This was not a decision that neglected minority shareholders, but rather one that was taken with all the factors in mind," Toyota Industries' President Koichi Ito told shareholders. Oasis, which has shares in both Toyota Motor and Toyota Industries, said on Friday it would push for a higher price. Zennor and some others have said the price undervalues the substantial real estate on Toyota Industries's books. Toyota Industries had 1.5 trillion yen of property, plants and equipment on its balance sheet as of the end of March, a number that reflects the cost paid for the assets, minus depreciation, rather than their current market value. Toyota Group companies hold at least 39% of Toyota Industries, according to LSEG data and the deal is widely expected to go through. Shares finished at 16,300 yen on Tuesday. Toyota Industries, formerly Toyoda Automatic Loom Works, was founded in 1926 to make automatic looms. An automotive division within the company was set up and later spun off as Toyota Motor.
