Businesswire: $250 Million Partnership Between Imagenation Abu Dhabi and Hyde Park Entertainment
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Imagenation Abu Dhabi, a wholly-owned subsidiary of Abu Dhabi Media Company, is partnering with Hollywood-based Hyde Park Entertainment in a $250 million financing deal to develop, produce and distribute feature films. The agreement aims to create up to 20 films over seven years and will include additional financing for the production of local language and cross-cultural films.
Hyde Park Entertainment will also establish its regional headquarters at Two Four 54, the recently unveiled free media zone in Abu Dhabi.
Ashok Amritraj, Chairman and CEO of Hyde Park Entertainment and producer of star-driven features including Bringing Down the House, Raising Helen and Walking Tall said: “We intend to produce wonderful films that stretch from Hollywood to Asia, enabling us to foster a better understanding between the West, the Middle East and Asia. What better way to accomplish this than through global cinema and the exchange of talent and great stories.”