One of many Center East’s best-selling artists Amr Diab has signed an unique multi-year licensing cope with music streaming firm Anghami.
The deal will see the megastar Arab singer’s whole Nay Label audio and video catalog and future releases accessible solely on the Distinguished Center East and North Africa-focused Spotify rival’s service.
Anghami says that Amr Diab is essentially the most streamed Arab singer the world over, and can be the No.1 artist on Anghami, with near 1 billion streams.
Anghami calls the deal a “strategic transfer,” which goals to “additional differentiate Anghami’s huge number of music and podcasts”.
The announcement comes simply weeks after Anghami’s profitable itemizing on the NASDAQ Inventory Market, wherein Anghami claims that it grew to become the primary Arab tech firm to turn out to be a publicly traded firm.
Anghami says that the “deal marks the beginning of an extended and strategic partnership between each events”.
Anghami provides in a press release that that the acquisition of Nay’s present repertoire, in addition to all of Amr Diab’s upcoming releases, “will strengthen its place as the final word vacation spot for lovers of the megastar’s distinctive composing type and melodic voice”
The corporate says that Amr Diab has turn out to be extraordinarily widespread all through the Mediterranean in addition to the MENA area.
“Acknowledged as the primary Arab and Center Japanese artist to begin producing prime quality music movies, Diab grew to become the primary Egyptian and Center Japanese performer to have a primary hit on the Billboard World Albums Charts.
Anghami experiences to have greater than 75 million registered customers with round 1 billion streams monthly, and a catalog of greater than 75 million songs.
“I’m very enthusiastic about this new enterprise, which can permit me to raised join with my followers and attain new music lovers world wide.”
Amr Diab
Amr Diab mentioned: “I’m very enthusiastic about this new enterprise, which can permit me to raised join with my followers and attain new music lovers world wide.
“I selected Anghami as a result of it’s a neighborhood platform that has made it internationally and is proudly showcasing Arab tradition to the world.
“I share Anghami’s imaginative and prescient in growing sturdy native expertise and making their voice heard globally.
“This partnership doesn’t cease right here – it’s the starting of a a lot larger strategic collaboration with Anghami; collectively we’ll make some noise.”
“We’re dedicated to offering the very best and distinctive expertise to our customers and to supporting the native creator neighborhood to unlock its full potential, permitting Arabic content material to achieve the world.”
Eddy Maroun, Anghami
Eddy Maroun, Co-Founder and Chief Govt Officer of Anghami, mentioned: “Anghami supplies its customers with an in depth ecosystem of music, movies, podcasts, occasions and extra – it additionally empowers creators to curate and share their voice with the world.
“We really feel each privileged and honored to accomplice up with the one and solely world Arab megastar Amr Diab and reward followers together with his wealth of personal label and future music, now accessible solely on Anghami.
“We’re dedicated to offering the very best and distinctive expertise to our customers and to supporting the native creator neighborhood to unlock its full potential, permitting Arabic content material to achieve the world.
“We are going to proceed to spend money on authentic and unique content material.”
“Signing a multi-year unique license settlement with the highest Arabic star is barely the start of our dedication.”
Mary Ghobrial, Anghami
Mary Ghobrial, Anghami’s Chief Technique and Operations Officer, mentioned: “We wish to present our customers world wide with the very best content material, and, along with providing all worldwide music and podcasts, we’re dedicated to main on Arabic content material and taking it to the worldwide stage.
“Signing a multi-year unique license settlement with the highest Arabic star is barely the start of our dedication.
“Amr Diab’s audio and video content material won’t be accessible on every other streaming platform, and will likely be made accessible just for Anghami customers at no cost.”
Anghami listed on the NASDAQ by way of a merger with Vistas Media Acquisition Firm, a publicly-traded particular goal acquisition firm (SPAC).
The music streaming firm entered right into a definitive merger settlement with VMAC in March 2021, which values Anghami at $220 million.
It was permitted by a majority of VMAC stockholders at a particular assembly held on January 19, 2022.
Anghami says that it’ll turn out to be the primary Arab Know-how firm to be listed on NASDAQ and the primary Arab firm to checklist on this market in over 25 years
The agency is headquartered in Abu Dhabi, UAE, and additionally has workplaces in Beirut (the place it was beforehand headquartered), Dubai, Cairo and Riyadh.
Based in 2012, Anghami claims to be the primary music-streaming platform within the MENA areaMusic Enterprise Worldwide
