Saudi Arabia Movie Theater Market Research Report: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How Is Saudi Arabia Movie Theater Industry Positioned? The Saudi Kingdom after a 35-year hiatus, brought back film exhibition in the country in line with its vision to make Saudi Arabia an entertainment hub in the middle east. SEVEN, a subsidiary of the country’s sovereign wealth fund PIF entered into a joint venture with AMC Theaters, world’s largest theater chain to open the kingdom’s first theater in King Abdullah Financial District in April 2018. Since then, more than ten theaters have become operational as of December 2019. Under the auspices of General Entertainment Authority, ~ global cinema operators have been granted licenses to operate movie theaters. GCC’s VOX Cinema currently operates ~ movie theater locations, while the homegrown MUVI Cinemas operates ~ movie locations. Both these operators specialize in premium movie experience with fine dining and IMAX experience. SEVEN has been mandated with a budget of SAR ~ Billion to develop more than ~ Cinemas across the Kingdom, totaling more than ~ screens overall. With the population expected to reach Million by 2024, the entertainment sector is expected to boom in the growth phase period. AMC and VOX have signed deals with SEVEN to launch more than ~ cinemas till 2030. Each has more than USD ~ Million allocated for the construction and operation of these theaters. The sector is expected to provide ~ jobs in this period. The Saudi government entities have actively participated in funding and promoting a movie theater establishment. With a single theater in operation in 2018, more than ~ theaters came into operation by the end of 2019. The industry was worth SAR ~ million in the year 2019. Non-Saudis constitute nearly 40% of the population from Asian, American and European origin along with 23 Million tourists as of 2018. This has made the screening of Hollywood and Bollywood content feasible. Private cinema viewing, fine dining, 4D cinema and luxurious seats are few experiences offered in KSA which can provide large revenues from fewer footfalls. People in Saudi Arabia have been observed to have a strong affinity to commercial cinema with special screen formats that have forced movie companies to innovate cinematic offerings. Saudi Arabia Movie Theater Market Segmentation By Revenue Source (Ticket Sales, Food and Beverage, and Advertisements and Sponsorships): Ticket sales constitute a majority share of total movie theater revenues. As the cinema industry is still nascent, this segment will continue to dominate. As more and more theaters open, and more people visit them, concessions on tickets will be more common. Nearly ~% of the movie theaters operating in Saudi Arabia had ticket admission revenues more than ~%, compared to mature companies such as PVR and AMC, which have between ~% average revenue share of ticket admissions. F&B revenues are still growing and are not at par with countries with full matured theater industry, where their share of the revenue dominates movie theater revenue. On average, Saudi spends between ~ SAR on F&B. Advertisement and sponsorship revenues are related to pricing of advertisement exhibition and the duration of the exhibition. Longer the duration of the advertisement, higher will be the price charged. Moreover, advertisements can be digital, in the movie and traditional in terms of posters and banners as well. Saudi Arabia Movie Theater Market Competition Scenario The competition is currently concentrated between VOX, AMC, and MUVI who operate 7, 2 and 2 theaters respectively as of January 2020. GEA has granted licenses to ~ movie theater chains. The overall movie theater revenues as of December 2019 were observed to SAR ~ Million, with VOX Cinemas Jeddah and VOX Cinemas Riyadh the top two movie theaters in terms of annual revenue. Key Segments Covered: – Movie Theater Market Ticket Admissions Food and Beverages Advertisements and Sponsorships Amusement Park Market Ticket Admissions Food and Beverages Merchandise Games Others (Parking, Royalty and Sponsorships) Alternate Entertainment Investment VR Gaming Center Bowling Alley Trampoline Parks Key Target Audience Movie Theater Companies Film Distribution Companies Screen Format Companies (IMAX, 4D, 4DX) Government Entities Amusement Park Operators and Chains Real Estate Developers Mall Operators and Groups Time Period Captured in the Report: Historical Period – 2014-2019 Forecast Period – 2019-2025 Companies Covered in Report: AMC Theaters VOX Cinemas MUVI Cinemas Al Hokair Group Al Shallal Theme Park Off the Grind Emirates Bowling Alley BOUNCE Trampoline Park, Jeddah Key Topics Covered in the Report: – Saudi Arabia Entertainment Industry KSA Leisure and Entertainment Industry Research Report Saudi Arabia Leisure Industry KSA Entertainment Market KSA Entertainment Industry Saudi Arabia Movie Theater Market Growth spending on entertainment in Saudi Arabia Saudi Arabia Movie Theatre Market Growth Film Distribution Companies in Saudi Arabia Saudi Arabia Entertainment Market Growth Rate Movie Theater Companies in Saudi Arabia Saudi entertainment Major companies KSA Amusement Park Operators and Chains Analysis Saudi Arabia Screen Format Companies Growth Saudi Arabia VR Gaming Revenue For More Information on the research report, refer to below link: – Saudi Arabia Leisure and Entertainment Industry Growth Related Reports by Ken Research: – Global VR Gaming Market Outlook to 2022 – by Hardware, Software and Accessories (Motion Sensor, Masks & Gloves, Bodysuits and Others) and by Devices (PC, Consoles and Mobiles) Middle East Theme Park Market Outlook to 2021 – Increasing Number of Foreign Visitors and New Theme Parks in Pipeline to Foster Future Growth Qatar Theme Park Market Outlook to 2021 – Development of Theme Park Resorts and Edutainment Centers to Foster Growth Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Al Hokair Group Amusement Park Market Growth, Al Shallal Theme Park Market Revenue, Alternate Entertainment in Saudi Arabia, AMC Theatres Revenue Saudi Arabia, Bowling Alley and Trampoline Park in Saudi Arabia, Business Model for Amusement Parks in KSA, Case Study of Successful Amusement Parks in Saudi Arabia, Cinema Industry, Cinema Market, Cinema Market Research Reports, Entertainment and Media market, entertainment companies in saudi arabia, entertainment in saudi arabia, entertainment policy of saudi arabia, entertainment sector in KSA, Film Distribution Companies in Saudi Arabia, Funding Model for Amusement Parks in KSA, Future Of Saudi Arabia Leisure and Entertainment Industry, Global Theater Industry, Global Theater Market, Jeddah AMC Theater Market Revenue, Jeddah BOUNCE Trampoline Park Market Report, Jeddah VOX Cinemas Ticket Sales Revenue, KSA 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