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Stock impact report

Disney+ to be part of a streaming bundle in Middle East [Los Angeles Times (CA)]

Anghami Inc. - Ordinary Shares (ANGH) 
The bundle will allow customers in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE to access a trio of streaming services — Disney+; MBC Group's Shahid, which carries Arabic originals, live sports and events; and Anghami's OSN+, which carries Arabic productions as well as Hollywood content. The trio bundle costs AED89.99 per month, which is the price of two of the streaming services. “This deal reflects a shared ambition between Disney+, Shahid and the MBC Group to shape the future of entertainment in the Middle East, a region that is seeing dynamic growth in the sector,” Karl Holmes, senior vice president and general manager of Disney+ EMEA, said in a statement. Disney has already indicated it plans to grow in the Middle East. Earlier this year, the company announced it would be building a new theme park in Abu Dhabi in partnership with local firm Miral, which would provide the capital, construction resources and operational oversight. Under the terms of the agreement Show less Read more
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