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.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.
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