Sheikh Mohammed, Vice President of the UAE, has issued another resolution chipping off another part of Arab Media Group (AMG) and handing it over to its Dubai government-backed media cousin, Dubai Media Incorporated, reports The National.
Under the agreement, all staff members of the newspapers, Masar and Noor shall be transferred from AMG to Dubai Media (DMI) Incorporated.
The move transforms DMI into one of the biggest media houses in the region, as it already included Al-Bayan newspaper, Dubai TV, Sama Dubai TV, Dubai One TV, Dubai Sports Channel and Dubai Racing Channel. Ahmed Abdullah Al-Shaikh, who is both the managing director of DMI and the media escort of Sheikh Mohammed, described the resolution as a "major leap for the DMI".
As a vestige of this heritage, it was the only part of AMG to have its advertising sold by the Choueiri Group, which sells all the ads for DMI's budget of television channels. The National points out that there is a definite consolidation process to bring the "rest of AMG's newspaper properties, as well as its printing operation, over to DMI, along with Noor Dubai radio and TV, which actually seems like a great fit with DMI's local-interest television fare."
In other news, Arabian Business announces that after a massive shake-up within the Middle East broadcast industry, a consequential number of jobs have flooded the market in Abu Dhabi following initiative by Twofour54 and the creation of new private broadcast entities.
Among the new entities is the launch of twofour54 Iktibar, creative lab, a grant funding scheme aimed at engaging with young Arabs and stimulating creativity in order to build a long term sustainable media industry in the Arab world, reports AME Info.
It would be a creative lab, believed to be the first creative ideas incubator in MENA to be focused on the media and entertainment sector, and provides a starting point to a viable and long term career in this dynamic industry.
Abu Dhabi is aggressively moving forward not just in terms of providing state-of-the-art facilities with industry standard end-to-end solutions for the generation and delivery of content, but also by partnering with global entities and attracting the best human resources to help make the UAE capital a centre of media excellence.
The opportunities in Abu Dhabi have created massive job opportunities for skilled personnel in the broadcast industry and substantial migration of people to the capital, especially from Dubai, according to Arabian Business.
In the meantime, the migration of several key people from Dubai-based entities has created new opportunities for others within the emirate. "Orbit-Showtime, which merged in early summer, will consolidate its operations by the end of the year," confirms Arabian Business. Job losses are to be expected but at the same time, huge media projects in other parts of the Middle East may help absorb many skilled personnel.
If anything, these latest changes are demonstrating that the media industry in the Middle East is undergoing "seismic shifts, holding great potential for the future.