Movie firm inks $200m deal with Dubai investors

Eternal Mind Productions says Al Muhaymin Film Fund will finance projects for three years
Movie firm inks $200m deal with Dubai investors
Where are you Sophia? was the first release by Eternal Mind Productions
By Andy Sambidge
Mon 02 Jan 2012 07:43 PM

US production company Eternal Mind Productions said on Monday it has teamed up with investors in Dubai to fund future movie projects.

The New York-based firm said it had six months of negotiations to secure a collaboration with Al Muhaymin Film Fund worth about $200m.

The deal will see the fund providing finance for projects for the next three years.

Started by Nagendra Karri and Peter James Elias, Eternal Mind had success with its maiden venture called "Where are you Sophia?".

The company added that it planned to release two further movies - "GATE 21" and "Mobster- A Call for the New Order" - this year.

Nagendra Karri, CEO of Eternal Mind Productions, said he has decided to expand his Hollywood production venture into the untapped markets of Eastern Europe and Asia.

Started in 2007 as a small independent film production company in New York City, the company has expanded and now has bases in North America, Middle East, Europe and South Asia.

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