Strategic partnership to bridge the gap between
offline and online by providing access to exclusive concerts via
Anghami’s live video streaming capabilities
Further expand Anghami’s footprint in the music
and entertainment ecosystem while unlocking synergies and
opportunities between both the physical and digital worlds
Anghami Inc. (“Anghami”) (NASDAQ: ANGH), the leading music and
entertainment streaming platform in the Middle East and North
Africa (MENA), has announced the acquisition of Spotlight Events,
an events and concert company specialized in managing and executing
live events and concerts in the region.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220630005624/en/
Anghami Acquires Live Events and Concerts
Company Spotlight, as It Expands Into Offline and Virtual
Entertainment (Photo: Business Wire)
The partnership will see Spotlight Events become Anghami's arm
for live events and concerts, including offline activities and
activations to further expand Anghami's footprint in the music and
entertainment ecosystem while unlocking synergies and opportunities
between the physical and digital worlds.
While Spotlight Events will provide a stage for artists to
perform and reach their audiences offline, Anghami's technology
will bridge the gap between the offline and online worlds by
providing access to exclusive concerts through its live video
streaming capabilities and creating immersive experiences through
AR and VR. The strategic partnership will enable Anghami to unlock
opportunities between artists and brands, enriching music fans'
experiences with exclusive access to private concerts, VIP lounges,
meet & greets and backstage access, in addition to attending
concerts either offline or streamed through their devices.
Traditional and virtual concerts will be accessible either through
tickets or sponsored by brands.
Eddy Maroun, Co-founder and CEO of Anghami commented:
“Our vision is to expand from music streaming to a fully integrated
entertainment platform that meets our goal of building our own
unique category that no other provider can compete with. This
partnership will allow us to deliver unique experiences to our
users while giving artists a stage to perform and reach their fans
physically and virtually. Spotlight and Anghami Lab are among a
number of initiatives we plan to develop as new business extensions
to accelerate our growth and improve our margins while widening the
gap with our competitors. Maher has built a great business on solid
economics and has proven that live concerts and events are a
scalable and profitable business.”
Spotlight Events has recently confirmed its program of upcoming
concerts and events in Dubai, Abu Dhabi, Paris, Cairo and Riyadh,
including "Beat the Heat", a 7-concert festival organized in
collaboration with the Department of Tourism and Commerce Marketing
- Dubai (DTCM). Also in Abu Dhabi, 6 concerts are planned for the
rest of the year, to be announced at a later date. Also on the
schedule is the much anticipated live concert by the Arab superstar
Wael Kfoury in Paris. Spotlight will also be executing all of
Anghami's events, including "Amr Diab Live" and other major
surprises to be unveiled soon.
Maher Khawkhaji, Founder and CEO of Spotlight added:
“Anghami is the largest music platform in the MENA region with an
incredible number of users and a unique network of partnerships
that, once connected to Spotlight, will open doors to amazing
opportunities. Our offline expertise, complemented by Anghami's
reach, data and technical capabilities, is the perfect recipe for
success. We look forward to being part of this dynamic team and
unleashing the incredible potential to bring the best to music
fans, artists and brands and take entertainment to the next
level.”
The announcement follows Anghami's recent IPO on Nasdaq as the
first Arab tech company to list on the U.S. stock market and the
unveiling of an all-new brand identity to support the next phase of
growth for the company, which is evolving from a music streaming
platform to an entertainment platform.
About Anghami Inc.
The first, most established and fastest-growing music technology
platform in the Middle East and North Africa region, Anghami is the
go-to destination for Arabic and International music and
entertainment, creating artists, and connecting people. With its
extensive eco-system of music, podcasts, events and more, Anghami
provides the tools for anyone to create, curate and share their
voice with the world.
Launched in 2012, Anghami was the first music-streaming platform
in MENA to digitize the region’s music. Today, it has the largest
catalog comprising 72 million songs and licensed content from
leading Arabic labels, independent artists, and distributors,
available for 75 million registered users. Anghami has established
40+ Telco partnerships to facilitate subscriptions and customer
acquisitions, in parallel to building long-term relationships with
and featuring music from major music labels including Universal
Music Group, Sony Music Entertainment, Warner Music Group and the
Merlin Network and is constantly licensing and producing new and
original content. Headquartered in Abu Dhabi, Anghami has offices
in Beirut, Dubai, Cairo, and Riyadh and operates in 16 countries
across MENA and has recently expanded into the US and Canada, with
Europe in the pipeline. It is the only service available in
English, Arabic and French, and remains close to its customer base,
not only thanks to its pan-regional presence but also via the 56
million user data points it generates every day.
To learn more about Anghami, please visit:
https://anghami.com
About Spotlight Events:
Started in December 2005 as a fully integrated Events Management
company. With its head office in Dubai & 6 affiliate offices in
Jordan, Lebanon, Egypt, Tunisia & Morocco covering GCC, Lower
Gulf & North Africa. We are a multi-cultural team which allows
us to better understand the nature of our clients and artists and
characteristics of each market to apply the best method in order to
put the artist or brand under the right spotlight. Our goal is to
always innovate and come up with creative ideas complemented with
proper execution that will deliver the best results for our artists
and clients.
To learn more about Spotlight events, please visit:
https://spotlightrs.com
Forward-looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Anghami’s actual
results may differ from its expectations, estimates, and
projections and, consequently, you should not rely on these
forward-looking statements as predictions of future events. Words
such as “expect,” “estimate,” “start,” “project,” “budget,”
“forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,”
“should,” “believes,” “predicts,” “potential,” “continue,” and
similar expressions (or the negative versions of such words or
expressions) are intended to identify such forward-looking
statements. These forward-looking statements involve significant
risks and uncertainties that could cause the actual results to
differ materially from those discussed in the forward-looking
statements. Most of these factors are outside Anghami’s control and
are difficult to predict. Factors that may cause such differences
include, but are not limited to: the impact of COVID-19 on
Anghami’s business; the outcome of any legal proceedings that may
be instituted against Anghami; changes in applicable laws or
regulations; and the possibility that Anghami may be adversely
affected by other economic, business, and/or competitive factors;
and other risks and uncertainties identified in Anghami’s
registration statement on Form F-4 (File No. 333-260234) filed with
the U.S. Securities and Exchange Commission (the “SEC”), which was
declared effective on December 16, 2021, including those under
“Risk Factors” therein, and in other documents filed or to be filed
with the SEC by Anghami and available at the SEC’s website at
www.sec.gov. Anghami cautions that the foregoing list of factors is
not exclusive. Anghami cautions readers not to place undue reliance
upon any forward-looking statements, which speak only as of the
date made. Except as required by law, Anghami does not undertake or
accept any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements to reflect
any change in its expectations or any change in events, conditions,
or circumstances on which any such statement is based.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220630005624/en/
joanna.agnew@bcw-global.com 00971528903121
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