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Abu Dhabi signs Hollywood deal
- United Arab Emirates: Thursday, September 11 - 2008 at 09:27
Abu Dhabi Media Company's imagenation abu dhabi has signed a deal with Participant Media of Los Angeles to create a $250 million fund to finance 15 to 18 films in the next five years, the National has reported. Participant is known for developing provocative films such as Syriana and An Inconvenient Truth. The equal partnership is the first of three alliances with major international brands expected to be announced in the next month by imagenation, the billion-dollar fund launched last week to create films and digital content for both the global and Arabic markets.
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Jeff Florian, Senior ReporterThursday, September 11 - 2008 at 09:27 UAE local time (GMT+4)
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