Page 293 - CABSAT PR REPORT - MAY 2024

5/13/24, 10:39 AM CABSAT 2024 To Highlight Latest Innovations In Media And Entertainment Sectors, Promises To Transform Industry's Future - Mi…
CABSAT 2024 To Highlight Latest Innovations In Media And

Entertainment Sectors, Promises To Transform Industry's Future

Friday, May 10, 2024

CABSAT 2024, the premier conference for the broadcast, satellite, and content sectors,
is slated to revolutionise media and entertainment with its innovative exhibitions and

features for participants. The latest edition of CABSAT, starting from May 21 to 23,
2024, at Dubai World Trade Centre, will present innovative hall experiences for all
attendees, while also highlighting cutting-edge technologies and diverse content

offerings that will shape the future of the entertainment landscape.

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 was estimated at USD 14.81 billion in 2022 and is
expected to grow at a compound annual growth rate (CAGR) of 26% from 2023 to
2030, the industry is expected to witness exceptional growth. With more than 450

exhibitors and over 18,000 expected visitors, CABSAT supports this growth and offers
a perfect setting for networking, career advancement, and keeping current on the latest

developments in the industry. This year’s event presents a wide range of exhibitions
and features that are designed to offer 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 and
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.

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 admittance in the previous edition, this

year's session is expected to have greater reach among the MENA stakeholders.

The Content Congress is another key session which is set to gather professionals from
the media, broadcast, and technology spaces to analyse trends and explore ideas that

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