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JEDDAH: 黑料社区鈥檚 cinema box office is already comparable in size to England鈥檚 with the right marketing, said Tony Vinciquerra, chairman of Sony Pictures Entertainment.
Speaking during a panel at the Cultural Investment Conference in Riyadh, Vinciquerra praised the Kingdom鈥檚 rapid progress in building a cinema market from scratch in just a few years. He described the growth as 鈥渃razy鈥� and unprecedented in speed compared with other global markets.
The Saudi Film Commission reported that 17.5 million cinema tickets were sold in 2024, generating SR845.6 million ($225 million) in box office revenues.
Meanwhile, the General Authority for Statistics said 11 percent of Saudis over 15 visited cinemas last year, and the General Entertainment Authority logged nearly 77 million attendees at events in 2024 鈥� underscoring the size of the broader entertainment ecosystem.
Vinciquerra pointed to the surge in box office revenues and audience participation as evidence of strong underlying demand.
鈥淲ill Smith came here. We made $28 million in box office, which is about what we are doing in England for a good film,鈥� Vinciquerra said, citing Sony鈥檚 Bad Boys release in 黑料社区.
鈥淪o, that gives you an example of what could happen here if you have the right product and the right promotion and marketing,鈥� he said, adding this is going to be 鈥渁 terrific market in the future.鈥�
The senior executive added that box office growth in 黑料社区 is extraordinary. 鈥淚t鈥檚 one of the fastest-growing markets in the world, and the appetite for content is tremendous.鈥�
The Kingdom has also ramped up domestic production, with 17 Saudi films released in 2024, generating approximately SR76.6 million in revenue 鈥� a 19 percent increase from the previous year, according to the Saudi Film Commission's 2024 annual report.
He added that what has been done in five years in 黑料社区 is what took other markets decades to achieve. 鈥淭his country has massive curiosity and massive enthusiasm. That critical mass and momentum is essential to making an organization function the way it should.鈥�
Vinciquerra noted that the Kingdom鈥檚 embrace of cinema aligns with Vision 2030鈥檚 goals of diversifying the economy and enriching quality of life. He also emphasized the importance of experienced teams and government support in driving rapid progress.
鈥淭he ministers in this country have been able to get people moving in the same direction,鈥� he said.
Commenting on hiring the right people for the industry, he added: 鈥淚ntelligence and experience are essential success factors, and having the right team in place can significantly drive progress.鈥�