Anghami

OSN+ and Anghami Sign Landmark Transaction Set to Transform MENA Entertainment

Retrieved on: 
Tuesday, November 21, 2023
Sale, Pandemic, OSN, Terrorism, NBC, Customer, Annual report, Risk, Arab world, Ecosystem, Music, NBCUniversal, Partnership, MENA, Universal, Face, HBO, Paramount, Anghami

ABU DHABI, UAE, Nov. 21, 2023 /PRNewswire/ -- In a milestone transaction set to reshape the MENA media and entertainment landscape, OSN+, the region's leading streaming platform for premium content and Anghami Inc. (NASDAQ: ANGH) ("Anghami"), the leading music and entertainment streaming platform in the Middle East and North Africa have announced a deal that will combine their businesses. A first of its kind in the region, the combination of the two local home-grown brands will offer consumers unprecedented digital aggregation of the best and latest in premium movies, TV shows, music, podcasts and more while providing a rich and seamless user experience.

Key Points: 
  • Elie Habib, co-founder of Anghami and set to be the CEO of the combined business commented: "Joining forces with OSN+ is a leap in Anghami's journey to reinvent entertainment in the Arab World.
  • Anghami intends to maintain the listing of its ordinary shares on the Nasdaq Stock Market following the closing of the transaction.
  • The transaction is expected to close in the first quarter of 2024, subject to customary closing conditions and regulatory approvals.
  • Following the closing of the transaction, OSN Group will own a majority stake in Anghami Inc.

OSN+ and Anghami Sign Landmark Transaction Set to Transform MENA Entertainment

Retrieved on: 
Tuesday, November 21, 2023
Sale, Pandemic, OSN, Terrorism, NBC, Customer, Annual report, Risk, Arab world, Ecosystem, Music, NBCUniversal, Partnership, MENA, Universal, Face, HBO, Paramount, Anghami

ABU DHABI, UAE, Nov. 21, 2023 /PRNewswire/ -- In a milestone transaction set to reshape the MENA media and entertainment landscape, OSN+, the region's leading streaming platform for premium content and Anghami Inc. (NASDAQ: ANGH) ("Anghami"), the leading music and entertainment streaming platform in the Middle East and North Africa have announced a deal that will combine their businesses. A first of its kind in the region, the combination of the two local home-grown brands will offer consumers unprecedented digital aggregation of the best and latest in premium movies, TV shows, music, podcasts and more while providing a rich and seamless user experience.

Key Points: 
  • Elie Habib, co-founder of Anghami and set to be the CEO of the combined business commented: "Joining forces with OSN+ is a leap in Anghami's journey to reinvent entertainment in the Arab World.
  • Anghami intends to maintain the listing of its ordinary shares on the Nasdaq Stock Market following the closing of the transaction.
  • The transaction is expected to close in the first quarter of 2024, subject to customary closing conditions and regulatory approvals.
  • Following the closing of the transaction, OSN Group will own a majority stake in Anghami Inc.

SRMG Ventures Announces Strategic Investment in Anghami, MENA’s Leading Music and Entertainment Streaming Platform

Retrieved on: 
Monday, August 21, 2023
Professional Services, Entertainment, General Entertainment, Online, Music, Mobile Entertainment, Finance, Warner, Partnership, International, Sony, Ari Laptev, Multimedia, Social media, VR, HIA, Growth, Ecosystem, Anghami, Universal

SRMG Ventures, the venture capital arm of SRMG, has today announced a $5 million investment in Anghami, the leading music and entertainment streaming platform in the MENA region.

Key Points: 
  • SRMG Ventures, the venture capital arm of SRMG, has today announced a $5 million investment in Anghami, the leading music and entertainment streaming platform in the MENA region.
  • View the full release here: https://www.businesswire.com/news/home/20230821719046/en/
    SRMG Ventures Announces Strategic Investment in Anghami, MENA’s Leading Music and Entertainment Streaming Platform (Graphic: AETOSWire)
    Anghami has established itself as the region’s leading music and entertainment streaming platform.
  • SRMG Ventures’ investment in Anghami reflects its unique and leading position in the promising music and audio segment of the media industry.
  • SRMG Ventures inaugural investments included Telfaz11, a Saudi based creative media studio, and Vuz, a leading VR-enabled social media application.

SRMG and Billboard launch Billboard Arabia: Creating a global platform and stage for Arab artists

Retrieved on: 
Wednesday, June 21, 2023
Women in music, International, Partnership, International Federation of the Phonographic Industry, Culture, Creativity, Chart, Cannes Lions International Festival of Creativity, Ecosystem, 2022 Billboard Music Awards, Billboard, Music, Entertainment, Anghami, Spotify, Woman

RIYADH, Saudi Arabia, June 21, 2023 /PRNewswire/ -- SRMG, the largest integrated media group from the MENA region, and Billboard, the world's most influential music media brand, have partnered to launch Billboard Arabia. The newly launched platform is dedicated to celebrating artists with Arab roots by spotlighting their music and promoting personal stories on a global stage.

Key Points: 
  • The new platform will spotlight artists with Arab roots by celebrating creativity and artistry, as well as increasing accessibility to a wider global audience.
  • The newly launched platform is dedicated to celebrating artists with Arab roots by spotlighting their music and promoting personal stories on a global stage.
  • Billboard Arabia celebrates and amplifies the work of Arab artists for a global audience by republishing content across Billboard's digital products.
  • "We are excited to join forces with SRMG to launch Billboard Arabia," said Mike Van, President of Billboard.

Anghami Files 2022 Annual Report With 37% Revenue Growth & Announces Q1 2023 Results With 60% Improvement in EBITDA

Retrieved on: 
Wednesday, May 17, 2023
Technology, Entertainment, Carriers and Services, Online, Mobile Entertainment, Audio, Video, Software, Internet, Music, Inc., Anghami, Face, Marketing, Multimedia, Sacredness, ARPU, Advertising, Average revenue per user, Live, Gold, Growth, WITH, Development, MENA, Annual report, Cryptocurrency, Retail, Mobile phone, EBITDA

View the full release here: https://www.businesswire.com/news/home/20230517005484/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230517005484/en/
    ANGHAMI FILES 2022 ANNUAL REPORT, WITH 37% REVENUE GROWTH.
  • ANNOUNCES Q1 2023 RESULTS: EXCEPTIONAL EFFICIENCY WITH 60% EBITDA IMPROVEMENT, 43% GROSS PROFIT GROWTH, 6% REVENUE GROWTH COMPARED TO Q1 2022 (Graphic: AETOSWire)
    Despite facing currency-related challenges in Egypt and Lebanon, Anghami successfully achieved a Q1 2023 unaudited revenue of $10.2 million, representing a 6% increase compared to Q1 2022.
  • Revenue from the advertisements segment also grew 10% in Q1 2023 compared to Q1 2022, a 32% increase when Q1 2022 advertisements revenue is adjusted for non-cash barter revenue.
  • Building on Q1 2023’s strong performance, the momentum continues in April 2023 which already shows record growth in revenue in both Subscriptions and Advertisements segments."

Anghami Unveils AI Personalized Podcast Revolutionizing the Way We Consume News and Launches the First Ever AI Newsroom

Retrieved on: 
Thursday, May 4, 2023
Technology, Podcast, Entertainment, Artificial Intelligence, Music, Newsroom, GPT, Record, Multimedia, Motorcycle Consumer News, OpenAI, First, Algorithm, Artificial intelligence, Sport, AI, MENA, News, Medical device, Anghami

The platform is also releasing its first ever daily news podcast - Anghami AI Newsroom - generated solely by AI.

Key Points: 
  • The platform is also releasing its first ever daily news podcast - Anghami AI Newsroom - generated solely by AI.
  • Anghami's AI then crafts a podcast specifically tailored to their interests, providing a unique and unparalleled experience - a significant shift in how we receive daily updates.
  • Launching today, Anghami AI Newsroom is a groundbreaking daily news podcast produced solely by Artificial Intelligence, without human intervention.
  • This is a testament to our ongoing commitment to innovation and delivering exceptional user experiences,” said Elie Habib, Co-Founder of Anghami.

Anghami and Nestle Join Forces to Launch Cereals Metaclub, Making Nestle the Pioneer Breakfast Cereal Company to Enter the Metaverse

Retrieved on: 
Friday, April 28, 2023
Decentraland, Partnership, Rainforest Alliance, Rainforest, Business, Non-fungible token, Cereal Partners Worldwide, Tourism, Toy, Anghami

The Nestlé Cereal Metaclub invites fans to experience unique digital attractions in an immersive virtual world.

Key Points: 
  • The Nestlé Cereal Metaclub invites fans to experience unique digital attractions in an immersive virtual world.
  • A dedicated corner aims to support the Rainforest Alliance in raising awareness for their sustainability projects and encouraging donations.
  • Anghami's exclusive partnership with Nestlé provides access to special playlists and complimentary subscriptions.
  • To enter the Nestlé Cereals Metaclub , users can simply choose their favorite avatar and start exploring the space.

Anghami Reports 35.6% Revenue Growth in Preliminary Unaudited 2022 Results, with Focus on Continued Efficiency and Profitability for 2023

Retrieved on: 
Tuesday, March 7, 2023
Software, Internet, Audio, Video, Music, Consumer Electronics, Mobile Entertainment, Technology, Entertainment, EFG Hermes, Atlantis, Growth, Advertising, Atlantis The Palm, Dubai, Sony Music, Multimedia, Inc., Conference, Anghami, Video game

View the full release here: https://www.businesswire.com/news/home/20230307005846/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230307005846/en/
    Anghami Reports 35.6% Revenue Growth in Preliminary Unaudited 2022 Results, with Focus on Continued Efficiency and Profitability for 2023 (Graphic: AETOSWire)
    Anghami recorded a robust financial performance in 2022, with total revenue of $48.1 million, reflecting an increase of 35.6% compared to 2021, despite an unfavorable impact of foreign currency exchange rates.
  • Anghami also experienced a growth in its total paying subscribers, reaching 1.52 million subscribers, representing a 21% increase year-on-year.
  • Anghami's focus on efficiency and profitability in the second half of 2022 resulted in a significant improvement in gross margin across all business segments.
  • Anghami aims to achieve profitability in 2023 by building on the momentum of efficiency, as reflected in its improvement in gross margins.

Anghami Lab Opens in Boulevard Riyadh City, Bringing a Whole New Experience to the City’s Buzzing Music and Social Scene

Retrieved on: 
Monday, November 21, 2022
Destinations, Travel, Music, Mobile Entertainment, Food, Beverage, Events, Concerts, Retail, Entertainment, Arab world, Catalog, MENA, Disc jockey, New Experience, Friends, Human, Partnership, File sharing, Entrepreneurship, Form, International, Multimedia, Universal Music Group, Lab, Life, Culture, Music, Merlin Network, Drink, Broken Social Scene, Sony Music, Ecosystem, COVID-19, Warner Music Group, Nightclub, Video game, Tourism, Mediterranean Sea, Dallal Merwa Achour, Anghami

View the full release here: https://www.businesswire.com/news/home/20221121005525/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221121005525/en/
    Anghami Lab Opens in Boulevard Riyadh City, Bringing a Whole New Experience to the Citys Buzzing Music and Social Scene (Photo: Business Wire)
    A rooftop with a twist, Anghami Lab is a partnership between Anghami and Addmind, the regions market leader in hospitality.
  • We hope our first-of-its-kind entertainment destination mirrors the unique experience Anghami fans get from the app.
  • We believe Anghami Lab is a true reflection of the exciting, vibrant, and modern face of Riyadh.
  • Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made.

Anghami Reports Preliminary Q3 2022 Unaudited Results With 29% Y-O-Y Revenue Growth and Gross Profit Increase

Retrieved on: 
Tuesday, November 15, 2022
Consumer Electronics, Technology, Other Communications, Online, General Entertainment, Entertainment, Communications, Digital Marketing, Apps, Applications, Internet, Mobile, Wireless, Investment, MENA, Inc., City, Happy Endings (album), Human, Rotana Mousica, Merlin Network, Partnership, Multimedia, Cloud computing, Universal Music Group, Annual report, Du (company), Music, Acquisition, Sony Music, Ecosystem, COVID-19, Warner Music Group, Tourism, Video game, Risk management, Kingdom, Anghami, ARPU

Anghami Inc. (NASDAQ: ANGH) (the Company or Anghami), the leading music and entertainment streaming platform in the Middle East and Africa region (MENA), reported today its preliminary unaudited results for Q3 2022 ended September 30, 2022.

Key Points: 
  • Anghami Inc. (NASDAQ: ANGH) (the Company or Anghami), the leading music and entertainment streaming platform in the Middle East and Africa region (MENA), reported today its preliminary unaudited results for Q3 2022 ended September 30, 2022.
  • View the full release here: https://www.businesswire.com/news/home/20221115005925/en/
    ANGHAMI REPORTS PRELIMINARY Q3 2022 UNAUDITED RESULTS WITH 29% Y-O-Y REVENUE GROWTH AND GROSS PROFIT INCREASE (Graphic: Business Wire)
    Subscription revenue in Q3 2022 increased 27% quarter-over-quarter, which is in line with Anghami's total revenue growth, which also increased 29% year-over-year from $24.5 million to $31.7 million.
  • "I am proud to report that we grew our Q3 2022 gross profit by 13% quarter-over-quarter, driven by an 8% increase in ARPU.
  • Sustained focus on profitability required tough measures such as a 22% reduction in headcount and 19% savings in cloud computing costs - despite a 15% increase in music traffic in Q3 2022.