Ashok Amritraj inks $250 million deal with IAD
Hollywood producer Ashok Amritraj’s Hyde Park Entertainment (HPE) and the United Arab Emirates’ (UAE) film production house Imagenation Abu Dhabi (IAD) have entered into a $250 million agreement to develop, produce and distribute feature films.
According to the deal, HPE and IAD, a wholly owned subsidiary of the Abu Dhabi Media Company (ADMC), will create 20 films over the next 7 years with additional financing for producing local language and cross-cultural films. The new partnership will focus on both Western and Asian themes.
Hyde Park Entertainment will also set up its regional headquarters at Twofour54, the newly set up free media zone in Abu Dhabi.