{"id":2258,"date":"2023-11-21T09:16:57","date_gmt":"2023-11-21T14:16:57","guid":{"rendered":"https:\/\/dev2.worldscreen.com\/tvmiddleeastafrica\/osn-merge-music-platform-anghami\/"},"modified":"2023-11-21T11:11:24","modified_gmt":"2023-11-21T16:11:24","slug":"osn-to-merge-with-music-platform-anghami","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvmiddleeastafrica\/osn-to-merge-with-music-platform-anghami\/","title":{"rendered":"OSN+ to Merge with Music Platform Anghami"},"content":{"rendered":"<p>OSN+ is merging with the MENA music platform Anghami to create a service that will deliver movies, TV shows, music and podcasts.<\/p>\n<p>As part of the deal, OSN Group is making a cash investment of up to $50 million in Anghami. The merged platform will have more than 120 million registered users and over 2.5 million paying subscribers. At closing, the merged company will have more than $100 million in revenues. It will be led by Elie Habib, co-founder of Anghami, as CEO. The transaction is expected to close in Q1 2024.<\/p>\n<p>&#8220;Joining forces with OSN+ is a leap in Anghami&#8217;s journey to reinvent entertainment in the Arab world,&#8221; said Habib. &#8220;We&#8217;re bringing together technology, music and video to build a comprehensive media ecosystem. It&#8217;s a chance to deepen our connection with our users and to create something they will truly love.&#8221;<\/p>\n<p>Joe Kawkabani, CEO of OSN Group, added: &#8220;This is a major milestone in OSN&#8217;s journey as we continue to scale up our streaming business. Combining OSN+ content with Anghami&#8217;s technology enables us to deliver the best of entertainment all in one place for our customers, ensuring we are continuously evolving our offering to meet their needs. As two home-grown entities with an unmatched understanding of the local market, we are confident that this new offering will change the face of the regional streaming landscape.&#8221;<\/p>\n<p>Following the closing, OSN Group will own a majority stake in Anghami and will continue to run its linear TV business, OSNtv, with Kawkabani as group CEO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OSN+ is merging with the MENA music platform Anghami to create a service that will deliver movies, TV shows, music and podcasts.<\/p>\n","protected":false},"author":290,"featured_media":2259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[610,611,612,77,613,614],"class_list":["post-2258","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-top-stories","tag-anghami","tag-elie-habib","tag-joe-kawkabani","tag-osn","tag-osn-group","tag-osn-plus"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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