Starzplay Receives US$25M Debt Financing

(R-L): Maaz Sheikh, Co-Founder & CEO of STARZPLAY; Karin Baggström, Co-Founder & CFO of STARZPLAY; Rashid Siddiqi, Co-Founder & Managing Partner of Ruya Partners; and Mirza Beg, Co-Founder & Managing Partner of Ruya Partners

Starzplay, a Dubai, UAE-based subscription video on demand (SVOD) service, received a US$25m debt financing.

Abu Dhabi-based Ruya Partners provided the financing, which adds to the US$125m secured since its launch in 2015 from Starz, a Lionsgate company, State Street Global Advisors and technology investment firms SEQ Capital Partners and Delta Partners

The funds will be used to strengthen the company’s geographic and customer reach, and acquire and produce original content.

Led by Maaz Sheikh, Co-Founder and CEO, Starzplay has over 10,000 hours of premium content available in 20 countries across the Middle East, North Africa and Pakistan.

The service currently reaches over 1.8 million paying subscribers and is installed on over six million devices.