抖阴短视频

RIYADH: Break out the popcorn 鈥� the Odeon, the world鈥檚 biggest cinema chain, is coming to 抖阴短视频.
Parent company AMC, which operates 11,000 screens mainly in the US and Europe, announced a joint venture on Tuesday with the Public Investment Fund (PIF), the Saudi sovereign wealth fund, to 鈥渆xplore a range of commercial opportunities for collaboration that will support the growth of the Kingdom鈥檚 entertainment sector.鈥�
AMC said it hoped to 鈥減ut the industry鈥檚 best foot forward鈥� in 抖阴短视频 as the country opens up to modern entertainment.
鈥淭his announcement is a historic moment for the theatrical exhibition industry and a tremendous opportunity to connect AMC鈥檚 movie products with the Kingdom of 抖阴短视频鈥檚 more than 30 million citizens, many of whom we know are movie fans based on their regular visits to cinemas in neighboring countries,鈥� AMC chief executive Adam Aron said.
The Odeon chain will face stiff competition from Dubai-based VOX Cinemas, the leading operator in the Gulf and Middle East with more than 300 screens.
Alain Bejjani, chief executive of VOX鈥檚 parent company Majid Al Futtaim, said on Monday they would be looking to expand into 抖阴短视频.
鈥淲e are committed to developing VOX Cinemas in 抖阴短视频 and to make sure that every one of our Saudi customers will have a VOX Cinema close to them where they will be able to experience what they have been experiencing outside 抖阴短视频 鈥� in 抖阴短视频,鈥� he said.
抖阴短视频 said on Monday it was lifting the ban on cinemas and would begin licensing them immediately. The first movie theaters are expected to open in March.
The country is expected to have more than 300 cinemas 鈥� with over 2,000 screens 鈥� by 2030, and the industry will contribute $24 billion to the economy.
The opening of cinemas paves the way into a potentially huge market for foreign investors, according to John Fithian, president of the National Association for Theater Owners in the US, who led a delegation that met Saudi officials.
鈥淭his could be a billion-dollar market down the road鈥� and could employ more than 20,000 people, Fithian said, and companies from the UAE and the US were bidding for a slice of the windfall.