Saudi Arabia’s entertainment market is transitioning

Gurugram, India, July 27, 2022 (GLOBE NEWSWIRE) —

  • As the film industry has rapidly evolved in the KSA, especially since the Kingdom lifted its 35-year cinema ban in December 2017, international and regional companies have had opportunities to contribute to the development of the local entertainment industry.
  • Cinema operators in Saudi Arabia are looking to increase their presence across the country in major cities and rural areas in order to meet the growing demand for movie tickets.
  • Several initiatives have been undertaken by the government, including supporting and training local filmmakers, improving relevant infrastructure, establishing a regulatory framework and establishing a national film fund.

There will be more licenses distributed in the coming years to international cinemas and as more competitors enter the market, competition will become less concentrated. In addition to movie theaters, local film content and culture will be promoted through film festivals such as the Red Sea Festival and the Saudi Arabia Film Festival, which showcase locally shot films, which will also increase the theater’s popularity. . With Saudi Arabia’s high spending capacity, private theater viewing, fine dining, premium movie formats such as IMAX, 4D, VIP services and immersive movie experiences will be well received.

Report titled Saudi Arabia cinema market outlook 2026: growth driven by ambitious government initiative, influx of multinational cinema companies and pent-up demand for art cinema by Ken Research suggested that the Theater market in Saudi is expected to grow at a positive double-digit CAGR over the next few years. The market size of tickets sold, F&B revenue, advertising and sponsorship is expected to grow over the next few years at a positive rate.

Key Segments Covered:-
Theater market segmentation
According to the source of income

  • With ticket sales
  • According to F&B revenue
  • With advertising and sponsorship

Investment Model

  • With fixed and capital costs
  • Wages and Allowances
  • Interest cost calculations
  • Operating expenses
  • The revenue model

Time period recorded in the report:

  • Base year: 2021
  • Forecast period: 2022F–2026F

Request sample report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTc0NDQ1

Key Players Covered in Saudi Arabia Theater Market

  • Vox cinema
  • AMC Cinemas
  • MUVI cinema
  • Empire Cinema
  • Cinepolis

Main topics covered in the report

  • Saudi Arabia Theater Market Overview
  • Market Ecosystem
  • Value chain analysis
  • Key challenges in the Saudi Arabian theater market.
  • Saudi Arabia Theater Market Detailed Analysis (Market Size, 2021; Market Segmentation; Market Shares; Competitive Overview; Future Market Size, 2026F)
  • Customer preference for cinema viewing experience in Saudi Arabia
  • Investment model to set up cinema in Saudi Arabia
  • Case study on successful cinema ventures
  • Overview of the new cinema regulatory regime

For more information on the research report, refer to the following link:
Saudi Arabia Cinema Market Forecast to 2026

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