StarzPlay eyes 2023 IPO as Saudi business surges 40% during pandemic
Video streaming service plans to use its latest $25m in funding to finance more Arabic content
Updated 04 February 2021
Rashid Hassan
RIYADH: StarzPlay, the Middle East’s fastest-growing entertainment streaming channel, is eyeing an initial public offering (IPO) by 2023 amid plans to double its business.
The main rival to American content platform streaming service Netflix in the Middle East, StarzPlay saw its business soar during the coronavirus disease (COVID-19) pandemic, as lockdowns, social distancing and travel restrictions left users with little to do apart from slump in front of a TV and binge-watch their favorite shows.
In an interview with Arab News, Maaz Sheikh, founder and CEO of StarzPlay, said Saudi Arabia was the platform’s fastest-growing market.
“Our subscriptions in the Kingdom have increased 40 percent in 2020 as against 2019,” he said, adding that Saudi Arabia and the UAE combined accounted for 75 percent of StarzPlay’s total revenue. “We don’t expect that to change; we expect it to continue to grow,” he said.
“In Saudi Arabia, we believe we are in the very early days of adoption of the service, and we are just scratching the surface. We believe the next five years are going to be even stronger. We have a lot more opportunity in the Kingdom,” the CEO said.
The company is aiming to double its revenue and subscribers within the next few years. To fund its ambitious plans, this week it announced its first independent debt financing in the region, amounting to $25 million, from Abu Dhabi-based alternative investment firm Ruya Partners.
The funds will be used to strengthening the company’s geographic and customer reach, acquire and produce original content and maximize long-term value for its stakeholders.
This investment marks the first time that StarzPlay has attracted debt financing from a regional investor. Launched in 2015, it previously raised $125 million from global industry investors, including American cable company STARZ and Boston-based investment management firm State Street Global Advisors.
Sheikh said some of the funding will be used to invest in producing more Arabic content. “Although we carry about 2,500 hours of Arabic content today, going forward we plan to double the volume of the content in the Kingdom, the UAE and Bahrain,” he said.
The company is aiming to partner with Saudi producers, such as Jeddah-based AlSadaf Company for TV Series Production, YouTube multichannel network Merakatt and many more across Bahrain and the UAE.
StarzPlay said its market share of the video-on-demand subscription services sector in the Middle East is around 33 percent. While the number of Saudi subscribers has increased, users in the Kingdom are also some of their biggest TV watchers, binging an average of 51 minutes per day, compared to an average of 38 minutes across its entire platform.
Looking to the future, Sheikh said StarzPlay is aiming to grow by 30 percent in 2021, and he has ambitions to launch a stock market listing within the next few years. “The current projections for us are two to three years away. By then, we believe we will be well-financed and well-capitalized.”
Currently, StarzPlay reaches over 1.8 million paying subscribers and is installed on more than six million devices. Accounting for a market share of more than 32 percent, the platform recorded exceptional growth in 2020, with independent research showing a growth of 141 percent in the number of unique users last year, the company said in a statement on Wednesday.
Jimmy Carter laid to rest in Georgia, lauded for humility and service in Washington
He was eulogized as a man who “built houses for people who needed homes,” “eliminated diseases in forgotten places,” and “waged peace anywhere in the world, wherever he saw a chance”
The dual ceremonies in Washington and Plains, Georgia, provided a moment of national comity in a notably partisan era
Updated 8 min 20 sec ago
AP
WASHINGTON: Jimmy Carter was celebrated Thursday for his personal humility and public service before, during and after his presidency in a funeral at Washington National Cathedral featuring the kind of pageantry the 39th US president typically eschewed. It was followed by an intimate hometown funeral near where he was born a century ago.
All of Carter’s living successors attended in Washington, with President Joe Biden, who was the first sitting senator to endorse his 1976 run for the White House, eulogizing his longtime friend. Biden and others took turns in the morning praising Carter’s record — which many historians have appraised more favorably since he lost his bid for a second term in 1980 — and extolling his character.
The dual ceremonies in Washington and Plains, Georgia, provided a moment of national comity in a notably partisan era and offered a striking portrait of a president who was once judged a political failure, only for his life ultimately to be recognized as having lasting national and global impact.
“He built houses for people who needed homes,” said Joshua Carter, a grandson who recalled how Carter regularly taught Sunday school in Plains after leaving the White House. “He eliminated diseases in forgotten places. He waged peace anywhere in the world, wherever he saw a chance. He loved people.”
Jason Carter, another grandson, wryly noted his grandparents’ frugality, such as washing and reusing Ziploc bags, and his grandfather’s struggles with his cellphone.
“They were small-town people who never forgot who they were and where they were from, no matter what happened in their lives,” said Jason, who chairs the Carter Center, a global humanitarian operation founded by Jimmy and his late wife, Rosalynn Carter.
At the national service, former President Barack Obama and President-elect Donald Trump, who have mocked each other for years going back to Trump fanning conspiracy theories about Obama’s citizenship, sat next to each other and talked for several minutes, even sharing a laugh.
As Trump went to his seat, he shook hands with Mike Pence in a rare interaction with his former vice president. The two split over Pence’s refusal to help Trump overturn his election defeat to Biden four years ago. Karen Pence, the former second lady, did not rise from her chair when her husband did so to greet Trump.
Vice President Kamala Harris, who lost to Trump in November, entered afterward and was not seen interacting with him. Former first lady Michelle Obama did not attend.
All politics were not left outside the cathedral, though. Biden, who leaves office in 11 days, repeated several times that “character” was Carter’s chief attribute. Biden said Carter taught him that “everyone should be treated with dignity and respect.”
“We have an obligation to give hate no safe harbor,” Biden said, also noting the importance of standing up to “abuse in power.” Those comments echoed Biden’s typical criticisms of Trump.
In Plains, Carter’s personal pastor, Tony Lowden, touched on the political as well, saying Carter was “still teaching us a lesson” with the timing of his death as a new Congress begins its work and Trump prepares for a second administration. Lowden, who did not name Trump or others, urged the nation to follow Carter’s example: “not self, but country.”
“Don’t let his legacy die. Don’t let this nation die,” Lowden said. “Let faith and hope be our guardrails.”
Carter died Dec. 29 at age 100, living so long that two of Thursday’s eulogies were written by people who died before him — his vice president, Walter Mondale, and his presidential predecessor, Gerald Ford.
“By fate of a brief season, Jimmy Carter and I were rivals,” Ford said in his eulogy, which was read by his son Steven. “But for the many wonderful years that followed, friendship bonded us as no two presidents since John Adams and Thomas Jefferson.”
Carter defeated Ford in 1976, but the presidents and their wives became close friends, and Carter eulogized Ford at his own funeral.
Days of formal ceremonies and remembrances from political leaders, business titans and rank-and-file citizens have honored Carter for his decency and using a prodigious work ethic to do more than obtain political power.
Proceedings began Thursday morning as military service members carried Carter’s flag-draped casket down the east steps of the US Capitol, where the former president had been lying in state since Tuesday. There was also a 21-gun salute.
At the cathedral, the Armed Forces Chorus sang the hymn “Be Still My Soul” before Carter’s casket was brought inside.
Mourners also heard from 92-year-old Andrew Young, a former Atlanta mayor, congressman and UN ambassador during the Carter administration. Carter outlived much of his Cabinet and inner circle but remained especially close to Young — a friendship that brought together a white Georgian and Black Georgian who grew up in the era of Jim Crow segregation.
“Jimmy Carter was a blessing that helped create a great United States of America,” Young said.
“Hail to the Chief” was performed by military bands multiple times as Carter’s casket arrived and departed various points. Carter once tried to stop the traditional standard from being played for him when he was president, seeing it as an unnecessary flourish.
Thursday concluded six days of national rites that began in Plains, where Carter, a former Naval officer, engineer and peanut farmer, was born in 1924, lived most of his life and died after 22 months in hospice care.
After the morning service, Carter’s remains, his four children and extended family returned to Georgia on a Boeing 747 that serves as Air Force One when the sitting president is aboard.
An outspoken Baptist who campaigned as a born-again Christian, Carter received his second service at Maranatha Baptist Church, the small edifice where he taught Sunday school for decades. His casket sat beneath a wooden cross he fashioned in his own woodshop.
Following a final ride through his hometown, past the old train depot that served as his 1976 campaign headquarters, Carter was interred on family land in a plot next to Rosalynn, who died in 2023.
Carter, who won the presidency promising good government and honest talk for an electorate disillusioned by the Vietnam War and Watergate, signed significant legislation and negotiated a landmark peace agreement between Israel and Egypt. But he also presided over inflation, rising interest rates and international crises — most notably the Iran hostage situation, in which Americans were held in Tehran for more than a year. Carter lost in a landslide to Republican Ronald Reagan in 1980.
Former White House aide Stu Eizenstat used his eulogy to reframe the Carter presidency as more successful than voters appreciated at the time.
He noted that Carter deregulated US transportation industries, streamlined energy research and created the Federal Emergency Management Agency. He emphasized that Carter’s administration secured the release of the hostages in Iran, though they were not freed until after Reagan took office.
“He may not be a candidate for Mount Rushmore,” Eizenstat said. “But he belongs in the foothills.”
Macron and Starmer discuss Ukraine, Middle East at UK meeting
Updated 27 min 28 sec ago
AFP
CHEQUERS, United Kingdom: French President Emmanuel Macron met with UK Prime Minister Keir Starmer on Thursday in Britain, where they discussed the conflicts in Ukraine and the Middle East. Starmer welcomed the French head of state to his Chequers country residence northwest of London, and the two leaders “underscored the need for unity in uncertain times,” according to a readout from Downing Street. On Ukraine, Macron and Starmer reaffirmed their commitment to work together to support the country for “as long as necessary,” according to a statement from Macron’s office. They also stressed “the importance of continuing to supply the equipment needed to defend Ukrainian territory” and of guaranteeing financial support for Kyiv beyond 2025. European powers are preparing for the return to office on January 20 of US President-elect Donald Trump, who has said he will end the Ukraine conflict. Ukraine and its allies are concerned that a settlement could be imposed on terms favorable to Russia, which invaded Ukraine in 2022. Macron had previously said the two sides had “a lot of convergence” on pressing issues including Ukraine and the Middle East. On the Middle East, Macron and Starmer “agreed on the importance of stability and security in the region, as well as the need to avoid regional escalation,” according to Downing Street. The two leaders also discussed bilateral relations, including a UK-France bilateral summit slated for this year, which will aim to deepen cooperation on defense, energy, artificial intelligence and illegal migration. Recent months have seen tens of thousands of migrants make the sometimes-deadly sea crossing from France to England.
US Supreme Court rejects Trump’s bid to delay sentencing in his New York hush money case
he court’s 5-4 order clears the way for Judge Juan M. Merchan to impose a sentence Friday on Trump, who was convicted in what prosecutors called an attempt to cover up a $130,000 hush money payment to porn actor Stormy Daniels
The president-elect was convicted in what prosecutors called an attempt to cover up a $130,000 hush money payment to porn actor Stormy Daniels
Updated 36 min 16 sec ago
AP
WASHINGTON: A sharply divided Supreme Court on Thursday rejected President-elect Donald Trump’s final bid to put his New York hush-money case on hold, clearing the way for him to be sentenced for felony crimes days before he returns to the presidency.
The court’s 5-4 order clears the way for Judge Juan M. Merchan to impose a sentence Friday on Trump, who was convicted in what prosecutors called an attempt to cover up a $130,000 hush money payment to porn actor Stormy Daniels. Trump has denied any liaison with Daniels or any wrongdoing.
Chief Justice John Roberts and Justice Amy Coney Barrett joined with the court’s three liberals in rejecting his emergency motion.
The majority found his sentencing wouldn’t be an insurmountable burden during the presidential transition since Merchan has indicated he won’t give Trump jail time, fines or probation.
Trump’s attorneys had asked the sentencing be delayed as he appeals the verdict, but the majority of justices found his arguments can be handled as part of the regular appeals process.
Justices Clarence Thomas, Samuel Alito, Neil Gorsuch and Brett Kavanaugh would have delayed the sentencing, the order states.
Trump said he respects the court’s order and plans to push his appeal of a verdict. “I respect the court’s opinion — I think it was actually a very good opinion for us because you saw what they said, but they invited the appeal and the appeal is on the bigger issue. So, we’ll see how it works out,” he said.
The conservative-majority court has handed Trump other major victories over the past year, ensuring that states could not kick him off the ballot because of the 2021 attack on the Capitol and giving him immunity from prosecution over some acts he took as president in a ruling that delayed an election-interference case against him.
The justices could also be faced with weighing other parts of the sweeping conservative changes he’s promised after he takes office.
In the New York case, Trump’s attorneys have argued that evidence used in the Manhattan trial violated last summer’s Supreme Court ruling giving Trump broad immunity from prosecution over acts he took as president.
At the least, they have said, the sentencing should be delayed while their appeals play out to avoid distracting Trump during the White House transition.
Prosecutors pushed back, saying there’s no reason for the court to take the “extraordinary step” of intervening in a state case now. Trump’s attorneys haven’t shown that an hourlong virtual hearing would be a serious disruption, and a pause would likely mean pushing the case past the Jan. 20 inauguration, creating a yearslong delay in sentencing if it happens at all.
Trump’s attorneys went to the justices after New York courts refused to postpone sentencing, including the state’s highest court on Thursday.
Judges in New York have found that the convictions on 34 felony counts of falsifying business records related to personal matters rather than Trump’s official acts as president. Daniels says she had a sexual encounter with Trump in 2006. He denies it.
Trump’s attorneys called the case politically motivated, and they said sentencing him now would be a “grave injustice” that threatens to disrupt the presidential transition as the Republican prepares to return to the White House.
Trump is represented by D. John Sauer, his pick to be the solicitor general, who represents the government before the high court.
Sauer also argued for Trump in the separate criminal case charging him with trying to overturn the results of the 2020 election, which resulted in the Supreme Court’s immunity opinion.
Defense attorneys cited that opinion in arguing some of the evidence used against him in the hush money trial should have been shielded by presidential immunity. That includes testimony from some White House aides and social media posts made while he was in office.
The decision comes a day after Justice Alito confirmed that he took a phone call from Trump the day before the president-elect’s lawyers filed their emergency motion before the high court. The justice said the call was about a clerk, not any upcoming or current cases, but the unusual communication prompted calls for Alito to recuse himself, including from the top Democrat on the House Judiciary Committee.
In this story, Fletch, a former investigative journalist and current freelancer, is hired by a billionaire Italian count to investigate the whereabouts of his valuable art collection, which suddenly goes missing
Updated 10 January 2025
Jasmine Bager
Jon Hamm, renowned for his role in “Mad Men, steps into the elegant shoes of Irwin Maurice “Fletch” Fletcher in “Confess, Fletch,” a 2022 film that modernizes the classic 1980s character — which is based on a novel from the 1970s — originally portrayed twice by the beloved Chevy Chase.
In this story, Fletch, a former investigative journalist and current freelancer, is hired by a billionaire Italian count to investigate the whereabouts of his valuable art collection, which suddenly goes missing.
In true Italian fashion, Fletch falls in love with his boss’ daughter, Angela, while in Rome, and things get even more complicated when her father, the count who hired Fletch, goes missing.
The plot thickens further when Fletch finds the dead body of a mysterious woman at the luxury townhouse he is renting in Boston — a place Angela found for him. Fletch becomes the prime suspect in that murder investigation while simultaneously trying to recover the stolen paintings and salvage his now-strained relationship with the secretive and passionate Angela.
The film offers several laugh-out-loud moments, particularly thanks to Fletch’s dry wit and the quirky characters he encounters. Some of the dialogue is cringey and goofy but presented in such an endearing way that you don’t even mind it.
Directed by Greg Mottola, this version of “Fletch” dials down the slapstick humor of the Chase versions in favor of dry wit and sharp dialogue. Hamm brings a suave, albeit slightly arrogant energy to the role, skillfully balancing irreverence with understated charisma.
Respected actress Marcia Gay Harden plays the count’s wife, Angela’s stepmother. Sadly, her stellar performance is overshadowed by her misstep in terrible accent work, which distracts from an otherwise competent portrayal of a key character in the film. Despite this, the other supporting performances in general remain strong, including the sergeant inspector — who often has his baby on his hip — and the junior detective who is trying, and sometimes failing, to prove herself.
Fletch also encounters a strange neighbor, a woman with an eccentric dog, whose odd behavior and mysterious presence add another layer of intrigue to the film. Meanwhile, Fletch’s rental house — where the dead body was found — showcases its own oddities, with the owner sneaking into the property unannounced and beating up Fletch — further fueling Fletch’s suspicion, and ours, about the situation.
Ultimately, “Confess, Fletch” offers a fresh and charming take on a beloved character. While its tone and pacing are more relaxed than its predecessors, it offers an enjoyable viewing experience for those who appreciate subtle humor and character-driven comedy.
Lancet study estimates Gaza death toll 40 percent higher than recorded
Updated 10 January 2025
Reuters
PARIS: Research published in The Lancet medical journal on Friday estimates that the death toll in Gaza during the first nine months of the Israel-Hamas war was around 40 percent higher than recorded by the Palestinian territory’s health ministry.
The number of dead in Gaza has become a matter of bitter debate since Israel launched its military campaign against Hamas in response to the Palestinian militant group’s unprecedented October 7, 2023 attack.
Up to June 30 last year, the health ministry in Hamas-run Gaza reported a death toll of 37,877 in the war.
However the new peer-reviewed study used data from the ministry, an online survey and social media obituaries to estimate that there were between 55,298 and 78,525 deaths from traumatic injuries in Gaza by that time.
The study’s best death toll estimate was 64,260, which would mean the health ministry had under-reported the number of deaths to that point by 41 percent.
That toll represented 2.9 percent of Gaza’s pre-war population, “or approximately one in 35 inhabitants,” the study said.
The UK-led group of researchers estimated that 59 percent of the deaths were women, children and the elderly.
The toll was only for deaths from traumatic injuries, so did not include deaths from a lack of health care or food, or the thousands of missing believed to be buried under rubble.
AFP is unable to independently verify the death toll.
On Thursday, Gaza’s health ministry said that 46,006 people had died over the full 15 months of war.
In Israel, the 2023 attack by Hamas resulted in the deaths of 1,208 people, mostly civilians, according to an AFP tally based on official Israeli figures.
Israel has repeatedly questioned the credibility of the Gaza health ministry’s figures, but the United Nations have said they are reliable.
The researchers used a statistical method called “capture-recapture” that has previously been used to estimate the death toll in conflicts around the world.
The analysis used data from three different lists, the first provided by the Gaza health ministry of the bodies identified in hospitals or morgues.
The second list was from an online survey launched by the health ministry in which Palestinians reported the deaths of relatives.
The third was sourced from obituaries posted on social media platforms such as X, Instagram, Facebook and Whatsapp, when the identity of the deceased could be verified.
“We only kept in the analysis those who were confirmed dead by their relatives or confirmed dead by the morgues and the hospital,” lead study author Zeina Jamaluddine, an epidemiologist at the London School of Hygiene and Tropical Medicine, told AFP.
The researchers scoured the lists, searching for duplicates.
“Then we looked at the overlaps between the three lists, and based on the overlaps, you can come up with a total estimation of the population that was killed,” Jamaluddine said.
Patrick Ball, a statistician at the US-based Human Rights Data Analysis Group not involved in the research, has used capture-recapture methods to estimate death tolls for conflicts in Guatemala, Kosovo, Peru and Colombia.
Ball told AFP the well-tested technique has been used for centuries and that the researchers had reached “a good estimate” for Gaza.
Kevin McConway, a professor of applied statistics at Britain’s Open University, told AFP there was “inevitably a lot of uncertainty” when making estimates from incomplete data.
But he said it was “admirable” that the researchers had used three other statistical analysis approaches to check their estimates.
“Overall, I find these estimates reasonably compelling, he added.
The researchers cautioned that the hospital lists do not always provide the cause of death, so it was possible that people with non-traumatic health problems — such as a heart attack — could have been included, potentially leading to an overestimate.
However there were other ways that the war’s toll could still be underestimated.
The study did not include missing people. The UN humanitarian agency OCHA has said that around 10,000 missing Gazans are thought to be buried under rubble.
There are also indirect ways that war can claim lives, such as a lack of health care, food, water, sanitation or the spread of disease. All have stricken Gaza since October 2023.
In a contentious, non-peer-reviewed letter published in The Lancet in July, another group of researchers used the rate of indirect deaths seen in other conflicts to suggest that 186,000 deaths could eventually be attributed to the Gaza war.
The new study suggested that this projection “might be inappropriate due to obvious differences in the pre-war burden of disease” in Gaza compared to conflicts in countries such as Burundi and East Timor.
Jamaluddine said she expected that “criticism is going to come from different sides” about the new research.
She spoke out against the “obsession” of arguing about death tolls, emphasising that “we already know that there is a lot of high mortality.”