Saudi Arabia Says It Will Invest $35 Billion in Movie Theaters by 2020

Confirming indications that emerged at CinemaCon, Saudi Arabia says it will invest $35 billion by 2020 in building multiplexes and aims to have more than 2,500 movie screens up and running over the next five years. The figures were trumpeted in an anno…

Read on: Variety.

Confirming indications that emerged at CinemaCon, Saudi Arabia says it will invest $35 billion by 2020 in building multiplexes and aims to have more than 2,500 movie screens up and running over the next five years. The figures were trumpeted in an announcement Thursday by Saudi Arabia’s General Commission for Audiovisual Media, which said that […]