Karim Sarkis’ Post

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Culture, Media and Entertainment Sector Leader @Strategy&

Here are a few of the fascinating perspectives from my panelists at the BroadcastPro Middle East ASBU Summit CEO Panel last week. Let me know your thoughts in the comments. First, thank you to Bassil AlMouallimi (SRMG), Elie Habib (Anghami/OSN), HE Mohamed AlMulla (Dubai Media دﺑﻲ ﻟﻠﺈﻋﻼم ), and Roman Shimansky (Yango Play) for being generous with their time and thoughts. 1.     Everyone is going on a reinvention journey: SRMG continuing its digital reinvention, Anghami/ OSN at the start of their merger, DMI redefining public service broadcaster, and Yango Play building their super app. This reinvention is not a coincidence, but a necessity given the media sector dynamics. 2.     Advertising-supported business models are essential but not enough as a path to profitability. 3.     FAST channels are not as relevant for our region as the hype implies. 4.     Global streamers can not beat a well-executed strategy of a local streamer. 5.     Long-form content remains relevant, but will share the limelight with short-form content that is becoming longer. 6.     Is TikTok/social media the new BBC/trusted media? Depends if the world is going through crises, and whether the established news providers know how to reshape their content for different demographics of audiences on different platforms. 7.     Audience data is important, but does not guarantee the success of content. 8.     GenAI is not a fad. The transition will be beneficial for some jobs and detrimental to others. Ultimately, AI will be able to create long-form content on its own, but is already in analytics, subtitling, promotion, marketing, content recommendations, short-form content, and customer service. We could have gone on for hours. There are so many transformative changes that these leaders are dealing with. Their time horizons for success are 3-5 years. Their outlook for the sector: more rapid change, more partnerships, more technology-driven innovation. #bprosummit2024 #Strategy #Media Strategy& Middle East  

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