Warner Bros. Discovery (WBD) has announced a strategic investment in OSN transmission.
The American media giant will acquire a 30 percent participation in the OSN transmission for $ 57 million reported.
Through this minority participation, WBD reinforces its commitment to the rapid transmission landscape of the region.
OSN transmission
The transaction will be completed in internships and is subject to usual conditions, including the regulatory approach.
This investment is based on the leadership of the OSN market in the Mena transmission industry. The media group has continued to evolve its offer, ensuring long -term associations with the main world players, including its exclusive HBO agreement in 2022, and acquiring a majority participation in Anghami in April 2024.
Sheikha Dana Naser Sabah Al Ahmad al Sabah, executive director of the Kipco group, and president of OSN, said: “We are delighted to announce this agreement between WBD and ESN, which reflects the importance of WBD gives to work technologies and forging key associations that guarantee continuous growth, which is what the transmission of OSN provides to the spectators of the region.
“This association affirms the success of the strategy in which Chickenco established to focus and strengthen our transmission business, only in a competitive market environment.
“The transaction is based on the strong growth trajectory of OSN and the leadership of the market in the Mena transmission industry, strengthening its competitive position as one of the entertainment destinations of the Prime Minister of the region.”
Jamie Cooke, executive vice president and managing director of Central Europe, Turkey and the Middle East in Warner Bros. Discovery said: “It is our goal to tell the best stories, while innovation our products and distribution channels. OSN has been a great partner and custodian of our content, which makes this union association a natural step for WBD.
“We recognize that together with enjoying the latest global successes, regional audiences also because stories from the region that reflect their own cultures and experiences. Through this agreement, we are delighted to announce that so much and war.
“Discovery will invest in high quality locally produced content, ensuring a richer and more diverse offer for spectators.”
Joe Kawkababani, CEO or OSN Group said: “We are delighted to welcome WBD as a strategic partner. As a world leader in entertainment, WBD provides incomparable experience, innovation and a rich portfolio or iconic brands. Our reinforcement, this investment, this investment, this investment, this investment, this investment, this investment, this investment, this investment.
“It also reinforces our commitment to expand our investment in local content, expanding its scope beyond Mena to the global public.”
At the same time, WBD’s strategic investment reflects the company’s prioritization with the best creative talent, advanced technologies and forging key associations to boost continuous growth, with global transmission subscribers throughout Max.
It also underlines its sustained expansion in the Mena region, reinforcing its presence in one of the most dynamic entertainment markets in the world. Since he established his regional office in Dubai in 2012, WBD has constantly deepened his footprint, bringing world class entertainment to the public throughout the region.
