In­vestors reach for the starz with video ser­vice

7 Days in Dubai - - BUSINESS -

STARZ Play, the on-de­mand video stream­ing ser­vice avail­able in 19 coun­tries across the MENA re­gion, has an­nounced a new multi-mil­lion dol­lar fund­ing in­vest­ment. This in­vest­ment is led by ex­ist­ing in­vestors, in­clud­ing SEQ Cap­i­tal Part­ners, and new in­vestors, such as Delta Part­ners Cap­i­tal, an emerg­ing market cen­tric ad­vi­sory and in­vest­ment plat­form for the tele­coms, me­dia and dig­i­tal space. STARZ Play, which started oper­a­tions 18 months ago, wel­comed more than 17 mil­lion site vis­i­tors in Oc­to­ber 2016. The ser­vice has also achieved dou­ble digit month-on-month rev­enue and sub­scriber growth since launch. Maaz Sheikh, CEO of STARZ Play, said: “Strategic part­ner­ships have proven our long-term busi­ness model.”

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