Sep

03

Abu Dhabi Starts $1 Billion Film Fund

Filed in: celebrity by admin on 09-03-08

robertRODRIGUEZ Steven Spielberg recently cinched a Dreamworks deal with Reliance Big Entertainment, a Mumbai film group.

Now we get word that the government-owned Abu Dhabi Media will spend more than $1 billion making feature films over the next five years. That’s fantastic news!

I recently talked with Amin Maltaqa, director of Captain Abu Raed, the first independent film to come out of Jordan. Things are moving along in that corner of the world, because Maltaqa talked about how the Royal Film Commission was started to encourage projects from local filmmakers. I love hearing these global film stories.

More after the jump…

The Abu Dhabi deal adds to their growing global portfolio, which includes a film and video deal with Warner Bros., as well as plans for theme park and movie theater projects. ADM’s first film under its Warner deal — the Robert Rodriguez-helmed Shorts — recently went into post-production.

Edward Borgerding, CEO of Abu Dhabi Media and one-time Disney executive, has stressed that the enterprise aims to link not just with Hollywood, but also entertainment companies working in Bollywood, the U.K., and the Middle East. Excellent.

Image: Robert Rodriguez, Shorts, Lin Pictures, 2009

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