In today’s Global Bulletin, Starzplay secures financing in UAE; shooting kicks off on “Frayed” Season 2; Sheffield Doc/Fest picks its curation teams; “Operation Buffalo” lands on Netflix in Apac; National Geographic acquires Sundance hit “Playing With Sharks”; and Movistar Plus deals with Universal to bring Universal Plus to subscribers.
Financing
Mena streamer Starzplay Arabia has secured debt financing of $25 million from Abu Dhabi-based independent investment firm Ruya Partners. The funding will be used to reinforce Starzplay’s geographic and customer reach as well as the acquisition and production of new original content. According to the announcement, the influx of capital, building on $125 million in funding secured since the company’s 2015 launch, will also support Starzplay’s future ambitions through a potential IPO.
Starzplay was the first SVOD platform to acquire a license in the UAE, giving it an early boost over competitors and spurring significant year-on-year growth that has...
Financing
Mena streamer Starzplay Arabia has secured debt financing of $25 million from Abu Dhabi-based independent investment firm Ruya Partners. The funding will be used to reinforce Starzplay’s geographic and customer reach as well as the acquisition and production of new original content. According to the announcement, the influx of capital, building on $125 million in funding secured since the company’s 2015 launch, will also support Starzplay’s future ambitions through a potential IPO.
Starzplay was the first SVOD platform to acquire a license in the UAE, giving it an early boost over competitors and spurring significant year-on-year growth that has...
- 2/3/2021
- by Jamie Lang
- Variety Film + TV
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