MENA vs Global Cinema Market Outlook 2019-2024
The COVID-19 pandemic had a profound impact on the entertainment and media landscape in the Middle East and North Africa (MENA), echoing its global repercussions, with overall cinema revenue decreasing threefold.
Despite this setback, the MENA cinema sector displayed remarkable resilience, bouncing back to pre-pandemic revenue levels in under three years.
Projections indicate a promising growth trajectory, with cinema revenues expected to achieve a compound annual growth rate (CAGR) of 4% between 2019 and 2024, reaching a milestone of US $1 billion.
This stands in stark contrast to the global cinema revenue, which is forecasted to fall short of pre-COVID levels, with a projected CAGR of -2.4% over the same period.
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