META Cinema Forum brings cinema stakeholders from the Middle East, Africa, Asia, CIS countries and Turkey to address the demand of theatre facilities and shortage of film contents in certain markets while the overall industry shows strong growth in the MEA region.
The next edition of the META Cinema Forum will address the demand-supply mismatch in film contents and theatre facilities across the Middle East and Africa which will be held from October 25 to 26, 2022, at the Atlantis the Palm, Dubai.
Cinema industry stakeholders from Turkey, Asia and CIS countries will join the META Cinema Forum, making it a truly global cinema industry convention that has become one of the must-attend global cinema conventions.
More than 500 industry delegates, experts and participants will discuss and debate the opportunities and challenges faced by the industry stakeholders at the META Cinema Forum. More than 60 suppliers will display the latest products and services that boost the moviegoer experience. The two-day mega cinema industry conference will be followed by a three-day META Film Fest that will screen over 40 shortlisted full feature films, documentaries, and short films along with premieres of highly anticipated releases of 2022 at the VOX Cinemas at the Nakheel Mall.
“META Cinema Forum has become an international platform for the global cinema industry community to build partnerships and bridge the content gap, and to discuss ways to expand cinema chains into emerging markets,” Leila Masinaei, Managing Partner, Great Mind Events Management, said.
META Cinema Forum also complements the development of the creative economy whose contribution could make a significant impact in the Middle Eastern and African countries. It will boost the Dubai Creative Economy Strategy that aims to transform the emirate of Dubai into an international destination for creativity and the capital of the creative economy by 2025.
A recent report, The Future of the Creative Economy, by Deloitte, shows that the creative industry employed nearly 20 million people in nine countries.
“The nature of the creative economy will continue to change and specific businesses and sectors will thrive or decline. New sectors could emerge entirely. However, we can be optimistic that the creative economy as a whole is likely to grow over time,” Deloitte said in its research paper.
The Dubai Creative Economy Strategy aims to double the contribution of the creative industries to the GDP of Dubai from 2.6 per cent in 2020 to 5 per cent by 2025. It also seeks to more than double the number of Dubai-based creative companies from 8,300 in 2020 to 15,000 by 2025, and more than double the number of creators based in the emirate, from 70,000 in 2020 to 140,000 by 2025.
META Cinema Forum is the first and so far, the only cinema industry-focused convention in the Middle East and Africa region that has one of the fastest growing entertainment industries in the world where governments and the private sector are investing heavily in entertainment facilities to diversify economies and reduce dependency on a single economic sector.
The event brings all the stakeholders on a single platform to brainstorm on the growth of the industry and identify opportunities going forward. It will host seminars, awards, premieres of new movies, workshops, and masterclasses, and showcase new products and exclusive slate content presentations.
META Cinema Forum is backed by all the leading industry players. The event is supported by VOX Cinemas as the Strategic Cinema Partner, and the National Film Authority joining as Supporting Partner. Other leading industry partners include Universal Pictures International, Warner Bros. Entertainment, AMC Cinemas, Cinepolis Gulf, Maison SU, Cinemarine, CineBodrum, FilmHouse Cinemas, Golden Scene, Cinema Plus, Dolby, ME Cinemas, Starz Play, Cinepax and Empire Entertainment.
Motivate Val Morgan is a media partner for this year’s META Cinema Forum.
Source: META Cinema Forum
The META Cinema Forum 2021 will be discussing how the MENA cinema industry has witnessed growth in the past year and is expected to be a billion-dollar market by 2024.
Despite challenges posed by the COVID-19 pandemic and health and safety protocols, the cinema industry in the MENA region has grown against the backdrop of a steep decline in the global cinema industry. Although the global Box Office is slowly making a comeback with pandemic-era record breaking opening weekends for F9 and Black Widow, the cinema box office revenues in the Middle East and North Africa (MENA) region are expected to grow by 4 percent to US$ 1 billion (Dh3.7 billion) by 2024, compared to a 2.4 percent decline worldwide, according to PricewaterhouseCoopers (PwC), a global auditing consultancy.
Research data analysed by finance website Finaria also showed that globally the combined revenues in the box office industry plummeted by 71.5 percent from $42.5 billion in 2019 to approximately $31 billion last year. Expansion throughout the Arab world and Middle East, specifically in Saudi Arabia, has unlocked a lucrative economic opportunity and Saudi Arabia has now become a major contributor to the growth of the global cinema industry.
The news comes as organisers, GM Events, released the dates for the fourth edition of the META Cinema Forum – the largest cinema convention in the Middle East and Africa – from October 26-28, 2021 at Atlantis the Palm, Dubai. It also follows shortly after Dubai government announced the lifting of restrictions on public entertainment events as part of a gradual opening up of the country’s borders to select countries that have recovered from the COVID-19 pandemic.
META Cinema Forum 2021, which takes place amid the World Expo 2020 – one of the largest global events which is taking place for the first time in the Middle East – will host a conference, awards, seminars, workshops, masterclasses, special screenings, premieres, product presentations, slates, exhibitions and live demonstrations. The conference will tackle industry issues as well as regional industry-specific discussions on the film industry across Africa, Asia, South Asia and the Middle East.
“Back for its 4th edition, the META Cinema Forum, now expanding to cover markets across including Levant, Turkey and Indian subcontinent, is sure to be the hottest cinema event in year 2021.” Said Leila Masinaei, Managing Partner, Great Mind Events Management. “The event is unique in that it highlights the only region with an expanding cinema sector, with participants actively attending to source new design ideas, F&B concepts, technological innovation and alternative content.”
Ignace Lahoud, Chief Executive Officer of Majid Al Futtaim Cinemas and Majid Al Futtaim Leisure & Entertainment added “VOX Cinemas is proud to be the strategic partner of the META Cinema Forum once again, given our shared commitment to the cinematic experience. Now in its fourth year, the META Cinema Forum provides an important platform and inspires dialogues amongst leading players so that we can continuously innovate and enhance the cinema experience and industry. With the META region becoming an increasingly important market to the global box office, events such as this are essential to the continued success of the industry and, we look forward to this year’s event which boasts a stellar line-up.”
Cinemas in many markets are still closed and few countries have opened cinema halls while many have permanently closed as a result of being significantly financially impacted by Covid-19. However, unlike many other markets, the Kingdom of Saudi Arabia’s (KSA) box office was up 3 percent to US$115 million in 2020, the PwC report says. By 2030, one of the governing authorities to regulate and operate cinemas, the General Commission for Audiovisual Media (GCAM), expects there to be around 350 cinemas and 2,500 movie screens in the country, and the industry will be worth around US$1 billion.
META Cinema Forum, the largest industry convention, will focus on the challenges faced by the cinema industry, changing trends as well as focusing on the new cinema projects that will drive the growth of the industry.
The continued participation and support of the African continent, backed by Pan African Film Consortium, will bring the leading African film industry movers and shakers into the conversation.
Mykel Parish Ajaere, President, Pan-African Film Consortium, says, “In 2020, the corona virus heralded a new economy for the creative industry with the global film industry alone suffering a revenue loss of over ten billion U.S. dollars due to the impact of the virus outbreak around the world.”
“There must be a way to balance commercial returns and I believe that the META Cinema Forum 2021 will provide sustainable solutions to Middle East and African cinema, at this difficult time. As president of the Pan-African Film Consortium and as an influencer in the African film industry, I’m excited about our partnership with the META Cinema Forum 2021. This is the time for Africa to strengthen its film economy and harness the enormous benefits the forum will provide.”
META Cinema Forum 2021 is backed by all the leading industry players. The event is supported by Pan-African Film Consortium while VOX Cinemas is once again Strategic Partner. Other leading exhibitors including MUVI Cinemas, Cinépolis Gulf, Novo Cinema, Cinemarine, StarzPlay, FimHouse Cinemas, Cinepax, ROXY Cinemas, Carnival Cinemas, Empire Cinemas and Women in Exhibition have also come on board as Cinema and Event Partners.
Click here to register for this year’s forum or contact Great Minds Event Management for more information.
Source: META Cinema Forum (Press Release)
