StarzPlay obtains USD 25 mln debt financing from Ruya Partners

News Broadband Middle East 3 FEB 2021
StarzPlay obtains USD 25 mln debt financing from Ruya Partners

The Middle Eastern SVoD service StarzPlay has received its first independent debt financing in the region, of USD 25 million from Abu Dhabi-based Ruya Partners. The funds will be used to strengthen StarzPlay's geographic and customer reach and acquiring and producing original content.

This investment marks the first time that StarzPlay has attracted debt financing from a regional investor. It adds to the USD 125 million secured by StarzPlay since its launch in 2015 from global industry investors Starz, a Lionsgate company, and from State Street Global Advisors.

StarzPlay reaches over 1.8 million paying subscribers and is installed on more than 6 million devices. 


Categories:

Internet

Companies:

Starz Entertainment,  Lionsgate,  StarzPlay

Regions:

Middle East

Tags:

Internet Access, Broadcast, Consumer, Enterprise, Financial funding

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