From entertainment to economics: GCC govts make room for creators in their national vision plans
In Saudi Arabia's Vision 2030, digital content creation is a key pillar of economic transformation, and Qatar National Vision 2030 too identifies digital creators as essential for building a knowledge-based economySaudi leisure tourism surges by 656% in 2024: Tourism Ministry
Riyadh, Saudi Arabia -- Saudi Arabia's tourism sector, particularly the leisure and holiday segments, witnessed substantial growth in 2024.In a statement marking World Tourism Day, observed every year on September 27, the ministry said that the Kingdom welcomed 17.5 million international tourists between January and July 2024, a 10 percent...Majid Al Futtaim net profit is $735m
The Group reported a 12% increase in EBITDA to $1.25 billion.Disney profit beats forecasts
The company is looking to tap into the passion for video games.Riyadh Season 2023 on track to outshine previous edition with over 15m visitors
Riyadh, Saudi Arabia - Riyadh Season 2023 is poised to surpass the record set in 2021, with over 15 million visitors already attending the various activities, according to Turki Al-Sheikh, the chairman of the board of directors of the Saudi General Entertainment Authority (GEA). The accomplishment was announced on Wednesday,...Saudi Arabia unveils 45,000-seat multi-use stadium in Qiddiya City
RIYADH, SAUDI ARABIA - The Board of Directors of the Qiddiya Investment Company (QIC) announced on Monday the launch of the Prince Mohammed bin Salman Stadium, an iconic multi-use venue set to further enhance Qiddiya’s philosophy of the Power of Play. Upon opening, it is anticipated to host some of...Over 12m people visit Riyadh Season in 60 days
RIYADH, SAUDI ARABIA - Two months after their launch, on October 11, 2023, Riyadh Season events had already attracted 12 million visitors.Chairman of the Board of Directors of the General Entertainment Authority (GEA) Turki bin Abdulmohsen Al Al-Sheikh said in a tweet that the success of the event is due...10m people attend Riyadh Season 2023 events in first 50 days, says report
RIYADH, SAUDI ARABIA - According to the Riyadh Season, 10 million people took part in the activities organized in the first 50 days after its launch. The season started in late October, and since then, it has witnessed a large visitor turnout at all areas, with expectations that the coming...Warner Brothers Discovery explores merger
Warner Brothers Discovery brands include CNN and HBO.Riyadh Season draws 9 million visitors to its entertainment zones
Riyadh, Saudi Arabia - The number of visitors to Riyadh Season has surged to over 9 million, indicating a significant level of interest in the various zones and activities of the Season. Riyadh Season, marked by the slogan "Big Time," completed the spectrum of entertainment choices with top-tier events and...Does Anghami and OSN+ collab make financial sense?
A first of its kind in the region, the combination will offer consumers digital services of the best and latest in premium movies, TV shows, music, podcasts.Delta posts Q3 profits of $1.1b
The company’s revenues rose 11 percent to $15.5 billion.Producer Baz Luhrmann to be head of jury at Red Sea International Film Festival 2023
JEDDAH, SAUDI ARABIA - The Red Sea International Film Festival has said that internationally renowned writer, director and producer Baz Luhrmann will preside over the festival's Red Sea: Features Competition Jury this year. The festival's third edition will take place from November 30 to December 9 in Jeddah. The Red...SRMG Ventures invests $5m in Anghami, MENA’s music streaming platform
Riyadh, Saudi Arabia - SRMG Ventures, the venture capital arm of the largest integrated media group in the MENA region, has invested $5 million in Anghami, the prominent music and entertainment streaming platform in MENA region. The music and audio sector in the MENA is projected to reach $700 million...Sony hikes sales and profit forecasts on strong music business
The Japanese electronics-to-entertainment conglomerate said its annual net profit for the year to March 2024 should reach 860 billion yen ($6.0 billion), up from a previous estimate of 840 billion yen. The overall sales forecast was upgraded to 12.2 trillion yen from 11.5 trillion yen. it expects to see stronger...PIF-owned SEVEN starts construction of $346m Almadinah project
Riyadh, Saudi Arabia – Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of the Kingdom's sovereign wealth fund, the Public Investment Fund (PIF), has announced the start of construction on its new entertainment destination in Almadinah. The $346-million project, which is expected to be completed in 2025, is being developed...Trade hits new high as GCC-Japan ties get warmer
Japan's exports to the Gulf countries include automobiles, machinery, iron and steel, electrical machinery, rubber, textiles, visual goods, and foodstuffs.Disney Plus stems financial loss but sheds subscribers for second straight quarter
Analysts had foreseen an increase in subscribers for the period, but a hike in prices sent customers turning away from the platform that streams Marvel, Star Wars and Disney content across the globe. The contraction of the Disney Plus subscriber portfolio was mainly due to an 8 percent drop in...Qatar sees record expenditure during Eid holidays
The entertainment sector, which includes restaurants, cinemas, and theme parks, attracts customers at record rates during the festive period, especially with the introduction of various smart applications that facilitate e-purchasing and e-payment methods, in line with offers and promotional campaigns that attract more clients.Netflix reports mixed earnings as password crackdown coming
The streaming television giant reported a quarterly profit of $1.3 billion, in line with expectations, but said it had delayed a broad crackdown on sharing of account passwords "to improve the experience for members." As growth at Netflix cooled last year, the Silicon Valley based streaming company focused on creating...Majid Al Futtaim profit down 2%
The Group reported a 12 percent increase in revenue.Entertainment may add 4.2% to Saudi GDP by 2030
As the number of companies operating in the industry expected to exceed 2,500, the sector is likely to create 450,000 job opportunities in the Kingdom.Events keep hotel occupancy high in Saudi Arabia
Over the next decade, the Kingdom's tourism industry is projected to develop at an annual rate of 11 percent, making it the region's fastest-growing tourism market.Revenue from Saudi cinema may exceed $1bn by 2030
The revenue of Saudi cinemas increased by 9.47% to approximately US$240 million until December 25, 2022, compared to 2021's revenue of US$232 million, a report points out.Shah Rukh Khan, other Bollywood stars eye Saudi market
Khan’s Umrah, participation in the Red Sea Film Festival, which followed the filming of Dunki in the futuristic city of NEOM, has been a shining advertisement for Indian film industry.Marrakech film festival makes a comeback after Covid hiatus
The festival, running from November 11-19, features emerging directors from across the world who will "shape the cinema of tomorrow", according to Prince Moulay Rachid, who presides over the festival's foundation.Netflix subscriber base grows after chilly start to year
The company said it ended the third quarter with slightly more than 223 million subscribers worldwide, up some 2.4 million, after seeing subscriber ranks ebb during the first half of the year.Netflix to debut subscription with ads
After having shunned advertising since it started its streaming service, Netflix acquiesced as competition in the market intensifies and as consumers recoil from soaring inflation. The ad-discounted tier, a first for Netflix, will roll out in Australia, Brazil, Britain, Canada, France, Germany, Italy, Japan, South Korea, Mexico, Spain and the...Deeply divisive Monroe biopic ‘Blonde’ hits Netflix
While there is almost universal praise for the visceral lead performance by Ana de Armas, critics cannot agree whether the nearly three-hour film is an artistic tour de forceNetflix and Disney+ to launch ad-supported subscription
Netflix and Disney+ will launch an ad-supported subscription in the coming weeks thus biting into the revenue of traditional television channels as the streaming services look toward continued expansion. Netflix, after having long-shunned the notion of advertising on its platform, this year accelerated work on just such an offering.TV series ‘The Crown’ brings mourners closer to royals
First aired in 2016, it charts the queen's journey from nervous 25-year-old neophyte to national institution as she guided the world's most famous monarchy through decades of scandals and upheaval.The melting fortunes of OSN
A once market leader that everyone looked up to, OSN is now a paler version of its former glory. It is struggling to keep up with the competition from Netflix, Shahid, and Disney Plus.Brutal Marilyn Monroe biopic shocks Venice
Based on the semi-fictional book by Joyce Carol Oates, the film is a non-stop swirl of artistic flourishes that pulls no punches in depicting maternal violence, rape, and a particularly shocking interaction with president John F Kennedy.Hotel occupancy rate points to UAE tourism recovery
The total number of hotel guests in the UAE rose to 10.5 million during the first half of 2022, up from 8.3 million during the same period last year, latest research by Colliers suggests.S Korean Netflix hit ‘Extraordinary Attorney Woo’ sparks autism debate
The endearing "Extraordinary Attorney Woo", featuring a neurodivergent attorney, has been Netflix's most-watched non-English show for over a month, following a path blazed by fellow Korean smash "Squid Game". Even K-pop sensation BTS are fans of the global hit, with band members posting a video performing the signature greeting between...Amazon to unveil its $1bn bet with ‘Lord of the Rings’ prequel launch
It is hard to imagine what the great director would have made of Amazon's $1 billion gamble on "The Lord of the Rings: The Rings of Power," a 50-hour television series based on the dry historical footnotes published at the end of book three. The show, out Friday globally on...Emaar H1 revenue 3.69 billion
H1 2022 EBITDA up 66 percent $1.6 billion.UAE accounts for 25 percent of MENA digital media subscriptions: Report
UAE’s publishing sector has grown by 150 percent during the current decade and it will reach $650 million in 2030, according to a report by Pricewaterhouse Cooper, which estimates that global media and entertainment services sector will reach $2.4 trillion next year. The report said the UAE accounts for 25...Metaverse is in the making since 90s: Expert
As a multidimensional world extending the physical realities of our current 4D world, it is rather a product of the different waves of digitization and internet development that started in the 90s, adds Blanchard.Global Village gives wings to entrepreneurs, innovators
Dubai's multicultural family shopping and entertainment hub provides a unique platform to SMEs to test creative and innovative business concepts, says Naveen Jain of Global Village.Woody Allen says ‘thrill is gone,’ next movie may be his last
The 86-year-old director and comedian spoke for about half an hour with actor Alec Baldwin on the latter's Instagram show.Widening cultural offerings add to Dubai’s growth
Alternative cinematic content is helping the emirate's creative economy diversify and contribute to its GDP, Butheina Hamed Kazim, Founder and MD of Cinema Akil, tells TRENDS.French companies show interest in Saudi entertainment market
Major French companies have expressed their interest in accessing the Saudi market and investing in the tourism and entertainment market at a time the kingdom’s focus on these sectors has become an important part of its transformative Vision 2030. These remarks were made at a meeting between the Federation of...Saudi Chambers, French group to cooperate in entertainment sector
The Federation of Saudi Chambers, represented by the Saudi-French Business Council, will host a key French delegation representing the entertainment sector, on Monday. It is likely to discuss prospects of the Saudi-French cooperation in the entertainment sector and relevant fields and address means to enhance investments. This also includes commercial...Warner Music Group buys out Qanawat Music
Warner Music Group has bought out Qanawat Music, the Middle East and North Africa’s leading music distributor, for an undisclosed sum.World clamors will air hit TV series starring Zelensky
The famous TV series shows Zelensky as a high school teacher propelled to the presidency after a student's video of him ranting about corruption in Ukraine went viral.Wynn Resorts-RAK deal raises a few eyebrows
Legal experts weigh in on what lies ahead for the UAE when it comes to gaming entertainment in various forms.Sony arm to make EVs
The Sony Mobility subsidiary will be created in spring 2022.China gives celebrities 10 days to shell out unpaid taxes
China has launched a sweeping state crackdown on tax evasion and perceived immoral behavior in the entertainment industry. The move has already targeted some of the country's biggest stars, with actors like Fan Bingbing seeing her career on halt since 2018.UAE Cabinet approves laws for housing loans, medicines
The UAE cabinet has also approved policies to boost the creative sector, and even rehabilitate convicts and juvenile delinquents.

















































