Hollywood's Latest Savior: Abu Dhabi
Oil-rich Abu Dhabi, which has more money than it knows what to do with, will spend $1 billion to produce up to eight films a year over the next five years.
imagenation abu dhabi, part of Abu Dhabi Media Company helmed by chairman Mohamed Khalaf Al-Mazrouei, will be based in the Arabian country but work with Hollywood and Middle Eastern studios.
“We are bringing Hollywood and the international production community to Arabia,” former Disney executive and imagenation chief executive Edward Borgerding told the Telegraph.
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