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Abu Dhabi Media Co. to Sink $1B Into Films, Digital Content

Authored by Mark Hefflinger on September 3, 2008 - 8:36am.
Abu Dhabi, United Arab Emirates - The Abu Dhabi Media Company, a Middle Eastern media conglomerate formed in 2007 that has interest across publishing, TV, radio and digital media, announced on Wednesday that it will sink more than $1 billion over the next five years into the creation of full-length feature films and digital content. The Imagenation joint venture will partner with U.S.-based and other international producers to finance and produce content for both the global and Arabic-language markets, and expects an initial slate of eight films each year.
tags: Deals | VC | Video | Movies | Abu Dhabi Media Company | Imagenation |