Eddy Maroun, co-founder of streaming service Anghami, has launched a new venture called IPNation aimed at acquiring music catalogs across the Middle East and North Africa. The company is targeting $100 million to fund its catalog buying spree in the region.
Maroun argues that Arabic music represents an established, commercially significant market rather than an emerging curiosity for international investors. IPNation’s strategy positions it to compete for rights as global interest in MENA music catalogs grows alongside the region’s expanding streaming audience.
Read the full story at Music Business Worldwide.