Martin Freeman as insurance salesman Lester Nygaard in a scene from Fargo, a thriller series that will be available on the new service. Chris Large / AP Photo / FX
Martin Freeman as insurance salesman Lester Nygaard in a scene from Fargo, a thriller series that will be available on the new service. Chris Large / AP Photo / FX

Online movie-streaming platform to launch in the UAE



DUBAI // An online movie provider to rival giants such as Netflix will be launched in the UAE this month.

US company Starz Play is breaking ground in the country by offering subscribers access to more than 3,000 films and series for a Dh50 a month subscription.

With 57 million viewers signed up in the US, the firm hopes the platform, which is already available, will be a hit here.

Its Middle East service, streamed to 17 countries across the region, says 99 per cent of content is uncensored and can be viewed without a Virtual Private Network, or VPN.

VPNs, through which a computer is linked to overseas servers, are necessary for viewing Netflix and other services not yet available in the UAE.

Iron Man 3 and The Hobbit are some of the more recent films offered, and box-set series such as Fargo, Penny Dreadful and Spartacus are also available.

A free month’s trial is offered to new subscribers and there is no contract. Viewers can cancel subscriptions at any time.

Maaz Sheikh, president of Starz Play, said the service was a first for the region.

“Our technology is optimised for this region, so you do not have to use a VPN to view the content,” said Mr Sheikh, who was born in Dubai. “It is designed to work in this area so you can change the language during the film if you want to.”

He said movies that did not make it to UAE cinemas, such as Fifty Shades of Grey, would not be restricted by Starz Play.

“Our content is not exactly the same as the US as content rights here are actually better,” Mr Sheikh said. “There will be very few extreme cases where we might take a version of content in the US that is slightly edited for network television but 99 per cent of our content will be unedited.

“When we are entering such a strong region as this, with so many smartphones and tablets and with no other service like this, we would be foolish not to expect competition to grow. We are preparing for other players to join the market, so we have focused on locking in content on an exclusive basis as much as possible.”

It is hoped that exclusive content will help the platform acquire new subscriptions. Mr Sheikh gave the example of House of Cards, the award-winning political drama starring Kevin Spacey, which has boosted the profile and subscriber numbers of Netflix.

Bloodline is an exclusive Starz Play series about a tight-knit family in Florida that harbours a dark secret, and is expected to be popular.

The platform is available on PCs and Macs, iPhones, iPads, Android-operated systems and other devices, with up to five devices registered for each subscription and the ability to watch on any two at the same time. There are also parental control functions.

“This is the first time a Starz-branded service has been launched outside of the US,” Starz Play chief executive Chris Albrecht said.

nwebster@thenational.ae

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How to protect yourself when air quality drops

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Rating: 4/5

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Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
The specs

Price, base / as tested Dh1,100,000 (est)

Engine 5.2-litre V10

Gearbox seven-speed dual clutch

Power 630bhp @ 8,000rpm

Torque 600Nm @ 6,500rpm

Fuel economy, combined 15.7L / 100km (est) 

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SPECS
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Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
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Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now