- Murdoch Lashes Out At Google
- Why Google is Paying $750 Million for Ad Mob
- Modern Warfare 2's Record-Breaking Launch
- Food Network, HGTV Drive Scripps Networks' Upside Surprise
- Disney's 'Carol' Tests Widest 3-D Release Ever
- Eyeing the Growth at CBS
- Is Oprah Ready to Go on Her OWN?
- Time Warner Cable's Earnings Drop But Beat Expectations
- Scripps Networks Interactive Buys Stake in Travel Channel
- News Corp Emerging From Bottom of Cycle: Murdoch
More Videos
- Murdoch Lashes Out At Google
- Why Google is Paying $750 Million for Ad Mob
- Modern Warfare 2's Record-Breaking Launch
- Food Network, HGTV Drive Scripps Networks' Upside Surprise
- Disney's 'Carol' Tests Widest 3-D Release Ever
- Eyeing the Growth at CBS
- Is Oprah Ready to Go on Her OWN?
- Time Warner Cable's Earnings Drop But Beat Expectations
- Scripps Networks Interactive Buys Stake in Travel Channel
- News Corp Emerging From Bottom of Cycle: Murdoch
RSS FEED
MOST SHARED
- Apple Surpasses Nokia as Top Cellphone Maker by Profits
- Herbalife Vs. Hedge Funds
- China Factory Output Leaps to 19-Month Highs
- Cramer Jeers J&J, Applauds Abbott
- America Is On Sale
- Toll Brothers: More Contracts Signed, but Sales Down
- Gold Heading to $1150: Art Hogan
- Three Things the US Can Do To Stop the Dollar's Decline
- Madoff Apartment Price Slashed by $1 Million
- Beware of 'Trampling Effect' When Market Tops: Manager
- Gold Heading to $1150: Art Hogan
- Starbucks Brews Up Growth
- Farr: An Extended Period—No Fat Lady in Sight
- More Upside if S&P Passes This Number: Market Pro
- Murdoch Lashes Out At Google
- Fighting The Flu Vaccine Critics
- Nov. 10: Unusual Volume Leaders
- Shadow Inventory Dwarfs Loan Mods
- US Recovery to be Weak, Erratic: Top Fed Officials
- Retail Earnings in Focus Ahead of Shopping Season
- Apple Surpasses Nokia as Top Handset Maker by Profit
- Brazil's Largest Cities Hit by Blackout
- In This Relay-Race Market, Who Gets Baton Next?
- Workers Staying Put at Their Jobs as Jobless Surges
- Ponzi Proceeds: Bidding on Madoff's Toys
- Toll Brothers: More Contracts Signed, but Sales Down
- Bear Stearn Fund Managers Not Guilty on All Counts
Media Money
Text Size 
 |
Abu Dhabi has a three part media plan, strategized by CEO of ADMC, Edward Borgerding, a former Disney executive. First, 'imagination' will partner with a couple of independent Hollywood production houses, financing as many as eight films a year, to be distributed through the usual studios. It'll have those production companies, which it'll announce on Monday or Tuesday from the Toronto film festival, set up offices in Abu Dhabi, which will have a number of benefits, one of which will be encouraging them to consider shooting in the Arab nation.
Second, it'll make movies in Abu Dhabi targeting Arab markets; what Americans think of as foreign films that have the potential to cross over to the U.S. And third, the company will produce original content for the web, looking to cash in on this transition to digital distribution.
This investment follows a $1 billion deal Abu Dhabi Media made last September with Warner Bros. to finance both movies and video games. And this seems to fall into a trend of foreign financing flooding into Hollywood studios, filling the void left by the hedge fund industry as they've pulled their financing out. India's Reliance Capital is in talks with Steven Spielberg to put together a $1 billion in financing deal.
And Abu Dhabi and India aren't just looking to turn a profit, they're also looking to raise their profiles and build up their piece of an increasingly global entertainment industry. Having production houses set up offices in Abu Dhabi allows the best of the best train a new generation of Emirates filmmakers, building up the nation's own Abu DhabiWood.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes