Anghami Inc's

OSN+ operates in the video streaming market in the MENA region, where it faces significant competition from piracy services that offer similar content catalogs at no cost. These piracy services, including IPTV piracy platforms, redistribute licensed content from multiple streaming providers without authorization, offering HBO series, major studio films, and Arabic drama at low subscription prices. High piracy rates in the region disproportionately affect premium video streaming services like OSN+. To remain competitive, OSN+ invests in product differentiation, although its investment capacity may be limited compared to larger competitors. The company also encounters challenges related to intellectual property rights and potential infringement claims from competitors and non-practicing entities, which could affect its business and financial condition.