Abu Dhabi Media Company plans to invest $1 billion in Bollywood, Hollywood and other movies, according to the Financial Times.
As part of the new initiative, Abu Dhabi Media Company has formed a new company called imagenation abu dhabi to develop, finance and produce content for both the global and Arabic language markets.
The plan is to invest more than $1 billion over the next five years in full length feature films and digital content.
The launch of imagenation abu dhabi is part of Abu Dhabi Media Company’s strategy to become a global leader in the production of content.
According to Mohamed Khalaf Al-Mazrouei, Chairman of both imagenation abu dhabi and the Abu Dhabi Media Company, setting up a strong global media company is part of the emirate’s strategic investment strategy:
Abu Dhabi has established itself as a major player in the global economy, as evidenced through recent activity in the energy, real estate and transportation sectors. Media is no different and Abu Dhabi Media Company is fulfilling its ambition to become a global player in the media industry.
Edward Borgerding, CEO of imagenation abu dhabi and Abu Dhabi Media Company said the goal is to make award-winning films that are commercially successful and appeal to a global audience:
Our target output of eight films every year will make imagenation abu dhabi one of the world’s top producers of feature films and establish Abu Dhabi as a leading centre for content creation. Â
The big question now is with large companies like Reliance ADAG and Abu Dhabi Media Company pumping millions into Bollywood, will the audience get to see better movies and lesser plagiarism of succesful Hollywood and foreign movies.
We hope more money flowing into Bollywood does not mean more crap from the likes of Abhishek Bachchan, Salman Khan, Ajith, Vishal, Priyanka Chopra and Nayanthara.
Abu Dhabi to Invest $1b in Bollywood, Hollywood Movies added by SearchIndia.com on
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why you have not included vijay,simbhu and other tamil hereos in the list. total hatredness you are having about ajit and the double standards you are maintaining on many things has been revealed many times.
SearchIndia.com Responds:
You write above: total hatredness you are having about ajit
Far from it. We just happen to think that Ajith’s pretty awful in the acting department.
SearchIndia.com is as unbiased a site as you’re ever likely to get.
you wrote”SearchIndia.com is as unbiased a site as you’re ever likely to get”. biggest comedy of the century.
double standards you are having has been revealed many times.you have bunch of favourites”pasupathy,asin,meerjasmine”irrespective of their perfromance you say ha wat a performance like you said asin performance was fine in dasavatharam.you have bunch of actors who you hate much like”ajit,trisha,nayantara,jothika”even if their performance is good you will say wat a horrible acting.
one who says ajit a bad actor don’t know what is good acting and what are basic and skills required for a good acting.he is the best in the department after kamalhaasan.
Movies like vaali,mugavari,kandukondenkandukonden,amarkalam are enough to showcase his acting skills.
you say even jayam ravi and vijay can act but ajit cant act and you call yourself a unbiased reviewer wat a comedy.people back in tamilnadu will laugh at you if they com to know this.
ok anyway those who have some sense and something in their head will not call ajit a bad actor.only crap like you will call him bad actor.
SearchIndia.com Responds:
You write: ajit…. is the best in the department after kamalhaasan. Movies like vaali,mugavari,kandukondenkandukonden,amarkalam are enough to showcase his acting skills.
Dream on. Dream on.
hey Dilip.. you seem to be in love with the most fair-skinned actors in tamil.. are you straight?
I don’t think Ajit is a bad actor.. but Billa was a bore.. I saw it in a London theater on the first Sunday of its release.. there were totally 10 people.. that’s the only movie I have watched in that theater.. so not sure if such a bad attendance was usual or was it because it was a flop.. oops.. i just opened a bottle of Dilip worms.
ok gandhiji were is that theatre and i do not anything like that.i like both kamal and rajni and after that ajit.
I watched in Cineworld – Staples Corner.. are you familiar with London?
It collected (31 lakhs from 10 screens) UK as opposed to Sivaji (1.36 crores in 12 screens), Dasavatharam (1.07 crores in 19 screens) and Kuselan 🙂 (91 lakhs from 17 screens). Sivaji has changed the way that these big budget movies are getting released.
On a side note, just realized that SiK has overtaken OSO collections in UK.. OSO was horrendous on DVD.. can’t believe that SiK can be worse!
SearchIndia.com Responds:
You write: just realized that SiK has overtaken OSO collections in UK.
We think the U.S. desi audience is more discerning or is it more demanding.
btw, those collections are for the first weekend of each movie.. sivaji and dasavatharam went on to make more than double (Sivaji 3.26 crores and Dasavatharam 2.17 crores) of the opening weekend collections.
These sheiks are just crazy bunch of zombies. They are going around the world investing their petro dollars which is pouring out of their ears on everything else but better living conditions for the poor working people – the middle and low incomed expatriates.
The low and middle income expatriates are most of them living in rooms, sometimes with families and mostly with 10-20 persons per room. This is the sad situation in UAE. The rich ones are well off and living in 02 bedroom flats rented to the tune of DH. 140,000/- upwwards for a year. That’s USD. 42,000/- a year.
The poor masses will have to rent out a room in flat for Dh. 2500/- – 3,000/- a month and that’s about USD 750/- to 900/-. The condition of these flats are stinking. Old buildings with leaking toilets and these are the affordable rooms available. The income of an average worker is barely about 300 Dollars. How could they afford to rent a room for 900/- Dollars. So, they share it among 8-10 people.
The other dire struggle is to face the ever increasing rents every two months. They’ll demand that you pay the amount or vacate the room. And that’s like NAZI treatment. On a hot summer day in the bloody desert, what can you do?
And these sheiks who have money flooded upto their foreheads cannot do a damn thing to solve these problems.
What an irony that these guys are going around the world buying up landmark properties just for their self glory and funding for movies etc.
It’s OK doing all the above said things but, they care less for the working masses. The same slave trade that thrived in this region in the middle ages is thriving again in the name of foreign labour.
SearchIndia.com Responds:
They’ve also invested heavily in Citigroup & other U.S. companies.
Yes they are. They have even bought over the premier league club Manchester City.
If you have visited any middle east country you would have noticed one of the main craze in this part of the world is to glorify their leaders beyond human levels. Most of the time self glorifications.
You would see huge banners, hordings and portraits displayed in public and private places. Because, they don’t have any scientists to boast of and they don’t have any meaningful thing to be boast of. So, they’re all upto looking towards their political, monarchy figures. They are their gods.
The more you glorify, the more you get benefited. This is the absolute truth.
The reason is they’re filthy rich. One family runs the whole nation for life. So, the wealth gets accumulated over time in one place.
SearchIndia.com Responds:
What happens when the oil runs out in 50 or 70 years…will it be back to the pre-ibn Saud days?
Ha, haa, that’s what we wonder. The leaders of course, will get green card in the US as they’re protected by the them for life as long as they have Money.
The ordinary guys will be transformed back to bedouins (the wandering tribes). Again, they will start fighting for a morsel like in the dark ages. The tribal wars will begin. So, there’ll be stone age returning back to the whole world.
I wonder what will happen to the internet facilities (we are enjoying now) then???
SearchIndia.com Responds:
You write above: The leaders of course, will get green card in the US as they’re protected by the them for life as long as they have Money.
The U.S. is no longer an attractive magnet. Things have deteriorated pretty badly over the last few years on diverse fronts – Economy, politics, laws, healthcare et al. Just to give you one depressing statistic – there are 75 million people here that are uninsured or underinsured.
The SUN magazine on the news of the Manchester City being purchased by an Abu Dhabi Company (www.thesun.co.uk) reported that the ruling family in Abu Dhabi is having sovereign wealth to the tune of $460 Billion.
Just imagine if the oil prices would have stayed around $140++ a barrell for the rest of the life of mankind!!!
These guys are hoarding wealth like nothing. A very few is being distributed to the other citizens. But, the citizens are no lesser degree in terms of hoarding welath. These guys are given the full rights to accumulate wealth in any form. All the jungle boys are having real estate properties of which they push up the prices to the heavens.
Mind you this is not, New York, Paris or Tokyo. Just another dry bl***y dusty city and they ask prices more valued than Lodon. You know, there was a survey on price rise on properties, it’s going up in 60% every month. Some properties are expensive than London prime properties.
Inflation is high and ordinary middle incomed expatriates are planning to leave with their families. Main problem is to find an affordable accomodation.