Imagenation Abu Dhabi, a subsidiary of Abu Dhabi Media Co. (ADMC), has signed $250 million deal with a Hollywood company to produce 20 feature films over seven years.
The agreement between the Abu Dhabi film fund and Hyde Park Entertainment will see the production of local language and cross cultural movies, UAE daily The National reported on Sunday.
The deal is the third between Hollywood and Imagenation, which was launched two months ago as a $1 billion fund for the development, production and distribution of feature films.
Hyde Park Entertainment released its Bollywood-Hollywood romantic comedy The Other End of the Line this weekend.
The main focus of the partnership will be making mainstream Hollywood cinema, while also providing a "spotlight for Asian and Middle Eastern talent", Ashok Amritraj, chairman and CEO of Hyde Park Entertainment, was quoted as saying.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.