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Two Abu Dhabi Companies Acquire Starzplay Arabia

E-Vision and Abu Dhabi holding company ADQ have bought a 57% portion of video streaming service Starzplay Arabia.



two abu dhabi companies acquire starzplay arabia

A consortium led by telecoms operator e& has completed a deal to acquire a majority share in the video streaming service Starzplay Arabia.

The deal has meant that E-Vision, the entertainment arm of e&, along with Abu Dhabi holding company ADQ, now owns 57% of the MENA region’s fastest-growing video streaming service. After filing on the Abu Dhabi Securities Exchange (ADX) on Tuesday, e& issued a statement, which read:

“This acquisition is in line with e&’s strategy to scale up the entertainment segment of e& life consumer digital vertical by accelerating E-Vision’s development on the video streaming segment, and significantly enhances Starzplay Arabia’s positioning across the entire MENA region,” says e&.

The acquisition follows an initial announcement back in March that a deal would be taking place. Starz and parent company Lionsgate will maintain commercial agreements for content licensing.

Netflix, Shahid VIP, and the UAE-based Starzplay Arabia currently control two-thirds of the MENA region’s over-the-top services (OTT) market, with Starzplay controlling 20%.

Also Read: How To Watch Arabic Channels In USA, Canada & Australia

The recent deal, which values Starzplay at $420 million, will inject up to $130 million into the platform for new content acquisition and original programming from around the region, as well as Italy’s Serie A, AFC (Asian Football Confederation) games, UFC and Asia Cup cricket matches.

The video streaming service expects annual revenue to climb by 40% from the previous year, with subscribers increasing by 20% to 2.1 million.

Starzplay aims to reach profitability by the second quarter of 2024, and for e&, the collaboration will allow custom content options for customers, who will be able to utilize 5G download speeds to watch content on the go, with future plans for immersive VR experiences and augmented reality-based shows.


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NEOM Airlines Is Saudi Arabia’s New, Tech-Centric Carrier

The airline will embrace advanced technologies such as artificial intelligence, and utilize high-tech propulsion systems by 2026.



neom airlines is saudi arabia's new tech-centric carrier

Opening in 2025, NEOM is a $500 billion Saudi Arabian smart city that will be powered entirely by renewable energy. Now, Saudi authorities have announced that the futuristic metropolis will also be served by its own dedicated carrier — NEOM Airlines.

neom international airport

The service will begin operating in 2024 and embrace advanced technologies, including artificial intelligence and biometric check in. Aircraft will fly to and from NEOM Bay before moving to the soon-to-be-built NEOM International Airport.

Also Read: ChatGPT Is Accelerating The AI Revolution In The Middle East

NEOM Airlines will focus on tourist, commercial, and residential travel and incorporate plenty of cutting-edge technology. Klaus Goersch, the airline’s CEO, revealed that existing aircraft will be retrofitted with existing technology on launch, but by 2026, an ultra-modern fleet will be in operation, “whether electric, hydrogen-powered, or supersonic”.

As well as modern, low-emissions power airplanes, NEOM aircraft will also be fitted with sleek, modern interiors, 6G Wi-Fi, large screens for every seat, plus gaming and chat technology.

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