Disney+ takes on rivals in Middle East streaming market

DUBAI, June 9 (Reuters) – Disney+ (DIS.N) launched its steaming service in the Middle East and North Africa on Wednesday, vying for market share in a region where the population is young but few people so far use such services.

Disney+ said it had gone live in 16 Arab countries and was tailoring content for the region, including offering Arabic subtitles on most offerings, particularly popular content.

Netflix currently leads in the region, with more than 6.8 million subscribers, according to Digital TV Research. Starzplay, an Abu Dhabi-based competitor, ranks second with just under 2 million, followed by Amazon with 1.4 million.

Some competitors offer original Arabic content. Netflix is already working on second seasons for its popular series “Al Rawabi School for Girls” and “Finding Ola”.

MBC Group’s streaming platform, Shahid, has ordered an Arabic version of British comedy “The Office”. Regional competitor OSN has an Arabic version of U.S. legal series “Suits”.

OSN previously had rights to carry Disney+ original content.Advertisement · Scroll to continue

Starzplay is also working on original Arabic content, its CEO Maaz Sheikh told Reuters last week. He said the region had plenty of room for growth, since streaming penetration was 10%.

Digital TV Research forecasts that Netflix will grow its base to 11 million by 2027 and that Disney+ will by then take the second spot with nearly 6.5 million. Amazon is seen reaching 4.8 million subscribers by 2027 and Starzplay just under 3 million.Advertisement · Scroll to continue

At a Disney+ pre-launch event at Dubai Opera, Mohamed Diab, the Egyptian director of Marvel Studios’ “Moon Knight”, was promoting the original superhero series, which is making its regional debut.

His wife, Sarah Goher, was also a producer on the series, which features ancient Egyptian gods.

Reporting by Yousef Saba; Editing by Bradley Perrett

Source: https://www.reuters.com/technology/disney-takes-rivals-middle-east-streaming-market-2022-06-09/

World Economic Magazine

Recent Posts

Judge Blocks New York Labor Law in Major Win for Amazon’s Workplace Policy Battle

Amazon secured a key early win as a federal judge blocked New York from enforcing…

3 minutes ago

Enthuse Foundation Announced Finalists for 7th Annual Women Founders Pitch Competition

The Enthuse Foundation has revealed the finalists for its 7th Annual Women Founders Pitch Competition,…

12 minutes ago

2nd Edition Model Risk Management, Canada

The Marcus Evans 2nd Edition Model Risk Management, Canada conference taking place in Toronto, Canada…

24 hours ago

‘Grow With China’ Event Highlights Shanghai’s Expanding Role in Global Economic Growth

Economists say Shanghai is strengthening its role as China’s reform engine, accelerating innovation and global…

1 day ago

U.S. Consumers Plan to Spend Nearly $80 Billion During Black Friday

U.S. shoppers are set to spend nearly $80 billion this Black Friday and Cyber Monday,…

3 days ago

Waiken’s $450 Million Bet on Latin America: A Strategic Push into Connectivity and Content

Waiken has unveiled a US$450 million investment plan through 2031 to strengthen its entertainment and…

3 days ago