Warner Bros. Discovery buys stake in OSN for $57 million

Published 24/03/2025, 12:58
Warner Bros. Discovery buys stake in OSN for $57 million

KUWAIT CITY - Kuwait Projects Company (Holding) K.S.C.P. (KIPCO) has announced a strategic partnership in which Warner Bros. Discovery (NASDAQ:WBD) will acquire a 30% minority stake in OSN Streaming Ltd., a subsidiary of the OSN Group and part of KIPCO’s portfolio, for USD 57 million. The investment underscores WBD’s commitment to the Middle East & North Africa (MENA) region’s streaming market.

The partnership aims to enhance the production of high-quality, locally produced content, diversifying the offerings for viewers in the region. The transaction is set to proceed in stages, contingent upon regulatory approvals and standard conditions. It also provides WBD with the optionality to adjust its investment level in the future under certain conditions.

Although the investment does not have an immediate material financial impact on KIPCO’s financial statements, it is considered a significant step in OSN’s expansion and in KIPCO’s strategy to bolster OSN Group’s standing as a leading entertainment provider in the MENA market.

This development forms part of a broader trend in the global entertainment industry, where streaming services are increasingly investing in regional content to capture diverse audiences. The transaction is based on a press release statement from KIPCO.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.