{"id":18044,"date":"2020-01-13T11:36:49","date_gmt":"2020-01-13T11:36:49","guid":{"rendered":"http:\/\/routenote.com\/blog\/?p=18044"},"modified":"2020-01-13T11:36:50","modified_gmt":"2020-01-13T11:36:50","slug":"anghami-could-be-up-for-sale-at-a-value-of-up-to-400m","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/anghami-could-be-up-for-sale-at-a-value-of-up-to-400m\/","title":{"rendered":"Anghami could be up for sale at a value of up to $400m"},"content":{"rendered":"<h4><span style=\"color: #3366ff;\">One of the biggest names in music streaming for the Middle East right now, Anghami are weighing up their options for the future.<\/span><\/h4>\n\n\n<p>Anghami is a major music streaming service based in the Middle East and is one of the biggest streamers in the region. New reports from &#8220;people familiar with the matter&#8221; reveal that Anghami are eyeing up a potential sale if not a round of investment.<\/p>\n\n\n\n<p>Despite facing encroaching competition from worldwide streamers like Spotify Anghami weren&#8217;t worried, <a href=\"http:\/\/routenote.com\/blog\/anghami-has-over-21-million-people-streaming-music-in-the-middle-east\/\">announcing over 21 million users<\/a> with more than 1 million paying subscribers last March. However if reports about a sale are true it could be a sign that streaming rivals in the Middle East are becoming a threat.<\/p>\n\n\n\n<p>Bloomberg reveal that the company could be worth as much as $400 million in a sale. Dubai-based premium TV network, Orbit Showtime Network are penned as the front-runners for a buyer. However, reports also suggested that Anghami might instead look to raise funds with the aid of investment bank JPMorgan Chase &amp; Co..<\/p>\n\n\n\n<p>Anghami had an eventful year of expansion last year, seeing <a href=\"http:\/\/routenote.com\/blog\/anghami-are-bringing-podcasts-to-the-middle-east-and-north-africa\/\">their platform grow to include podcasts<\/a>. As seen by Spotify, podcasts have become a highly valuable source of streams and as more Spotify users listen to podcasts every day they&#8217;re looking to <a href=\"http:\/\/routenote.com\/blog\/spotify-launch-targeted-adverts-in-podcasts\/\">monetise them in new ways<\/a>.<\/p>\n\n\n\n<p>Last year Spotify and Deezer both launched in the MENA (Middle East &amp; North Africa) region. Despite that increased competition Anghami brushed it off, saying that: &#8220;YouTube is by far a more important competitor than Spotify or Deezer; understanding that means that video isn&#8217;t a second class citizen for us.&#8221;<\/p>\n\n\n\n<p>As such Anghami have been expanding their video offerings. Last year they made a deal with Wavo, a subsidiary of Orbit Showtime Network, which included the rights to stream the final series of HBO&#8217;s massively popular Game of Thrones.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the biggest names in music streaming for the Middle East right now, Anghami are weighing up their options for the future. Anghami is a major music streaming service based in the Middle East and is one of the biggest streamers in the region. New reports from &#8220;people familiar with the matter&#8221; reveal that Anghami are eyeing up a potential sale if not a round of investment. Despite facing encroaching competition from worldwide streamers like Spotify Anghami weren&#8217;t worried, announcing over 21 million users with more than 1 million paying subscribers last March. However if reports about a sale&#8230;<\/p>\n","protected":false},"author":12,"featured_media":16021,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[6745,6153,10180,1496,10769,6344,28,163,168,1038,11771,134,422,9271],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Anghami could be up for sale at a value of up to $400m - RouteNote Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/routenote.com\/blog\/anghami-could-be-up-for-sale-at-a-value-of-up-to-400m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Anghami could be up for sale at a value of up to $400m - RouteNote Blog\" \/>\n<meta property=\"og:description\" content=\"One of the biggest names in music streaming for the Middle East right now, Anghami are weighing up their options for the future. Anghami is a major music streaming service based in the Middle East and is one of the biggest streamers in the region. New reports from &#8220;people familiar with the matter&#8221; reveal that Anghami are eyeing up a potential sale if not a round of investment. Despite facing encroaching competition from worldwide streamers like Spotify Anghami weren&#8217;t worried, announcing over 21 million users with more than 1 million paying subscribers last March. 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