Merge of +OSN and Anghami a Birth of an Entertainment Giant in the Middle East
In a colossal strategic move aimed at challenging both local and global competition,
the UAE-based companies +OSN and Anghami have announced their merger,
creating a new entity poised to take a leading position in the world of entertainment streaming services in the Middle East.
Topic
Introduction
Conclusion
Introduction
According to the official announcement from both companies, +OSN and Anghami will combine their strengths and resources to form a company of substantial magnitude.
The newly formed entity is expected to boast a user base exceeding 120 million registered users.
Furthermore, it will have a subscriber base of 2.5 million paid users, solidifying its status as a key player in the paid streaming arena within the region.
As part of this merger, “OSN Group,” the parent company of +OSN,
will be listed as the largest contributor to Anghami through a $50 million investment.
Both companies emphasized in a joint statement that this strategic step reflects their commitment to enhancing user experience and providing diverse entertainment content that competes with global giants such as Spotify and Netflix.
Conclusion
It’s worth noting that this merger comes at a strategic time,
witnessing a growing demand for streaming services in the region.
It reflects the ambitious aspirations of both companies to achieve strategic dominance in the rapidly growing
entertainment market in the Middle East.
With this strategic union, the entertainment landscape in the region appears to be on the brink of a transformation.
The new entity aims to become the preferred destination for Arab audiences, promising to deliver exceptional entertainment experiences and unique content that meets the expectations of viewers in the Middle East.
Merge of +OSN and Anghami a Birth of an Entertainment Giant