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Imagenation in $75m Singapore deal
- United Arab Emirates: Sunday, October 11 - 2009 at 10:18
Abu Dhabi Media Company's wholly owned subsidiary Imagenation Abu Dhabi and Ashok Amritraj's Hyde Park Entertainment Group have jointly extended their partnership to create a strategic alliance with Singapore's Media Development Authority (MDA). Under the agreement, the two companies will fund three to four films a year, worth an estimated production value of $75m over the next five years. The multi-party venture will commence with an English language cross-cultural production to be named in the coming weeks. Additionally, the new venture will soon open an office in Singapore, which will serve as the Asian headquarters.
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StaffSunday, October 11 - 2009 at 10:18 UAE local time (GMT+4)
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