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View Full Version : Time Warner takes Hollywood to Abu Dhabi (multibillion-dollar partnership)




FrankRep
09-27-2007, 12:56 AM
Time Warner takes Hollywood to Abu Dhabi

http://www.ft.com/cms/s/0/ae90a608-6c59-11dc-a0cf-0000779fd2ac.html


Warner Brothers, Time Warner’s film and TV division, has launched an “unprecedented” multibillion-dollar partnership to develop a media and entertainment hub in Abu Dhabi virtually from scratch.

The project, which is being undertaken with Aldar, Abu Dhabi’s largest real estate developer, and the emirate’s new Abu Dhabi Media Company, will include the simultaneous construction of a 6,000 acre theme park, hotel and cinemas as well as the creation of special funds to produce Arabic-language film, TV and video games.
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“For our company and its further globalisation, growth for us is not just in . . . domestic markets. It’s largely outside the US,” said Dick Parsons, chief executive of Time Warner.