DUBLIN – (COMMERCIAL THREAD)–The “Middle East Film & Entertainment Market Size, Share and Trend Analysis Report by Product (Movies, Music & Videos), Country and Segment Forecast, 2021 – 2028” the report was added to ResearchAndMarkets.com offer.
The Middle East film and entertainment market size is expected to reach $ 3.57 billion by 2028, registering a CAGR of 8.5% during the forecast period.
The growing popularity of 3D movies that provide audiences with a virtual reality experience is expected to drive growth. In addition, the introduction of new marketing and distribution platforms such as IPTV, digital newspapers, DTH and digital cable, as well as online sales of music and movies, are expected to boost the progress of the industry. industry.
The cinema and entertainment market in the Middle East is characterized by the presence of several well established players. These players represent a significant market share and have diversified product portfolios and a strong presence in the region. The market also includes small and medium-sized players who offer a selected range of products and primarily serve customers at the national level.
Product launches help businesses meet changing customer needs and gain a competitive advantage over other players by delivering new and innovative entertainment services. For example, in April 2020, beIN Media Group, LLC launched a new movie service that offers the latest international movies. The company has announced a revolutionary cooperation with film distributors so that it can deliver the latest films direct to subscribers before they are seen in theaters.
This latest on-demand service is a positive announcement from the company given the current situation, and it would help entertain and connect consumers during the coronavirus crisis, bringing cinema to homes across the Middle East and Africa. of the North (MENA).
Some of the major players operating in the market are focusing on acquisitions to diversify their product offering and strengthen their position in the market. For example, in March 2019, The Walt Disney Company completed its $ 71 billion acquisition of entertainment assets from 21st Century Fox. This acquisition enables the company to produce and distribute news, sports and entertainment content through Fox News, Fox Sports, Fox Network and Fox television stations.
Key companies are also focusing on strategic actions to extend their reach to a broader consumer base. For example, Netflix Inc. is focused on expanding its streaming membership business across the world. To achieve this, the company enhances the experience for its members by expanding its streaming content with an emphasis on programming a compelling mix of content that thrills its existing members and attracts new members.
In addition, it is constantly improving its user interface and extending streaming services to screens connected to the Internet.
Highlights of the Middle East Film and Entertainment Market Report
Films are expected to be the fastest growing segment growing at a CAGR of 14.0% during the forecast period.
The films segment was valued at $ 334.0 million in 2020 and is expected to reach $ 953.3 million by 2028.
The Saudi Arabia region is expected to remain at the forefront of market share and is expected to account for a total market share of 27.5% in 2028.
Some of the major players operating in the film and entertainment market in the Middle East include Netflix, Inc., Amazon.com, Inc., beIN Media Group, LLC, MBC Group, Sony Entertainment, Inc. and The Walt Disney Company.
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive summary
Chapter 3. Middle East Film and Entertainment Market Variables, Trends and Scope
3.1. Market overview
3.2. Mapping of penetration and growth prospects
3.3. Industry value chain analysis
3.3.1. Sales / Retail Channel Analysis
3.3.2. Profit margin analysis
3.4. Market dynamics
3.5. Business environment analysis
3.5.1. Industry Analysis – Porter’s
3.6. Middle East Film and Entertainment Market Roadmap
3.7. Market entry strategies
Chapter 4. Analysis of consumer behavior
4.1. Consumer trends and preferences
4.2. Factors Affecting the Purchase Decision
4.3. Consumer product adoption
4.4. Observations and recommendations
Chapter 5. Middle East Film and Entertainment Market: Product Estimates and Trend Analysis
5.1. Analysis of product movement and market share, 2020 and 2028
5.3. Music Videos
Chapter 6. Middle East Film and Entertainment Market: Country Estimates and Trend Analysis
6.1. Analysis of regional movements and market share, 2020 and 2028
6.2. Saudi Arabia
6.3. United Arab Emirates
6.6. Saudi Arabia
Chapter 7. Competitive analysis
7.1. Key global players, recent developments and their impact on the industry
7.2. Categorization of key companies / competitions (key innovators, market leaders, emerging players)
7.3. Supplier landscape
7.3.1. Key Companies Market Share Analysis, 2020
Chapter 8. Company Profiles
Bein Media Group, LLC
Sony Entertainment, Inc.
The Walt Disney Company
All over the group
The idea factory
For more information on this report, visit https://www.researchandmarkets.com/r/xvsv8e