Page 287 - CABSAT PR REPORT - MAY 2024

5/13/24, 10:39 AM 2024 CABSAT to highlight latest innovations in media and entertainment sectors
Centre, will present innovative hall experiences for all attendees. Similarly,
highlighting cutting-edge technologies and diverse content offerings that will
shape the future of the entertainment landscape.

According to a PwC report, AI will contribute up to USD 15.7 trillion to the
global economy by 2030

Grand View Research reported that the global AI in media & entertainment

market size is expected to grow at a compound annual growth rate (CAGR) of
26% from 2023 to 2030

CABSAT 2024: Driving Investment in Arabic Content and Facilitating

International Collaboration

According to a PwC study, AI will contribute up to USD 15.7 trillion to the global
economy by 2030. The Grand View Research further reported that the global AI in
media & entertainment market size estimated at USD 14.81 billion in 2022.

Importantly, it is expected to grow at a compound annual growth rate (CAGR) of
26% from 2023 to 2030, indicating exceptional growth for the industry. With more
than 450 exhibitors and over 18,000 expected visitors, CABSAT supports this
growth. In addition, it offers a perfect setting for networking, career advancement,

and keeping current on the latest developments in the industry. This year’s event
offers a wide range of exhibitions and features designed to provide detailed
insights into the latest advancements in the media industry.

The Co-Production Salon at CABSAT is designed to be a dedicated meeting lounge
that will facilitate business opportunities to drive investments in Arabic content.
The lounge will also attract foreign film and TV projects to the MEASA. Participants
at the Co-Production Salon can explore opportunities in co-production in long-

form entertainment content, co-funding entertainment content, commissioning
projects for OTT Originals, as well as other content funding avenues such as brand
integration, private investments, and much more.

Unlocking Opportunities and Innovations: Highlights of CABSAT

2024 Subevents

Last year’s session successfully facilitated over 350 targeted co-production and
content partnership meetings, resulting in a significant number of deals in

commissioning, co-funding, and distribution, reaching USD 8 million in total
investments tracked year to date. With over 250 companies applying for

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