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Warner Music Group invests in Prince Alwaleed's Rotana Music


Rotana has signed on some of the Arab world s biggest music artists including Egyptian mega-star Amr Diab, Saudi Arabia s Mohamad Abdo and Lebanon s Elissa.
In 2018, Prince Alwaleed’s Kingdom Holding Company and Rotana Group invested $266.7 million in music streaming service Deezer in a private placement that valued the company at around $1.10 billion, analysts said at the time. Alongside the deal, Rotana and Deezer also signed an exclusive long-term agreement to distribute the music company’s Arabic digital audio and video content across the region.
The Middle East and North Africa region is among the most culturally dynamic places in the world today, with burgeoning musical scenes and dramatic consumption growth, Simon Robson, WMG’s president of international and recorded music, said. We’re especially excited about the opportunity to both expand our profile in the region and to bring these amazing artists to audiences across the globe.” ....

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Warner Music takes stake in Prince Al-Waleed's Rotana Music


Warner Music takes stake in Prince Al-Waleed’s Rotana Music
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Keach Hagey
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Warner Music Group Corp. has agreed to buy a minority stake in Saudi billionaire Prince al-Waleed bin Talal’s Rotana Music, in a deal that would expand Warner’s presence in the Arab world while extending the global reach of Rotana’s roster of artists.
The companies made the announcement on Tuesday but declined to disclose the size of the stake or any other financial terms. The Wall Street Journal had previously reported that the companies were nearing a deal that would have valued Rotana at close to $200 million. ....

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