StarzPlay eyes 2023 IPO as Saudi business surges 40% during pandemic
Published 03 Feb,2021 via Arab News - Economy - RIYADH - StarzPlay, the Middle East’s fastest-growing entertainment streaming channel, is eyeing an initial public offering (IPO) by 2023 amid plans to double its business.
The main rival to American content platform streaming service Netflix in the Middle East, StarzPlay saw its business soar during the coronavirus disease (COVID-19) pandemic, as lockdowns, social distancing and travel restrictions left users with little to do apart from slump in front of a TV and binge-watch their favorite shows.
In an interview with Arab News, Maaz Sheikh, founder and CEO of StarzPlay, said Saudi Arabia was the platform’s fastest-growing market.
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