Jamie Lang 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 established the company as one of the region’s leading streaming services.
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