Eros Media World and Arabia Pictures to Produce Three Films, Including an Arabic Remake of a Bollywood Superhit Film in Saudi
December 06 2022 - 9:00AM
Business Wire
- The deal is a part of the ongoing strategic partnership between
the two companies
- The three films will enter production in 2023
Eros Media World PLC (“ErosMedia”, “Eros" or the “Company”)
(NYSE: EMWP), a global Indian media and entertainment company and
Arabia Pictures will produce three full length feature films,
including the remake of a 2012 Bollywood Box Office super hit film
and two untitled Hindi language projects. All three films will be
conceived and developed in Saudi. The local remake film will go on
the floor for production by mid of 2023, and the other two by the
end of 2023.
Abdulelah Alahmary, CEO of Arabia Pictures, says, “We’re very
thrilled to collaborate with ErosMedia in bringing captivating,
family-orientated stories to the MENA region. Our cultures share
similar qualities, and we believe that our first film together,
which is a remake will resonate with our audiences. We’re in the
process of adapting the story with talented local Saudi writers. We
will share the details on these projects soon.”
Commenting on the announcement, Pradeep Dwivedi, CEO, Eros Media
World, says, “Saudi Arabia and India enjoy a strong relationship
reflecting their centuries-old economic and socio-cultural ties.
Today, when Saudi Arabia is diversifying and inviting investments
and expertise from all over the world, global media organizations
like ErosMedia can participate and contribute to the Saudi
government's vision." He adds, "In Arabia Pictures, we have found a
perfect partner, and together we will recreate the magic of
Bollywood in Saudi."
Arabia Pictures is a content production and distribution outfit
focusing on the MENA region. In August this year, ErosMedia and
Arabia Pictures announced a strategic partnership to explore
opportunities in film production, technology, and Web3 space.
The partnership is in line with Saudi Arabia’s Vision 2030, a
strategic framework by the government to move away from Saudi
Arabia’s dependence on oil to diversify its economy and develop
public service sectors such as health, education, infrastructure,
recreation, media, and tourism.
About Eros Media World
Plc
Eros Media World Plc, (“Eros”, the “Company”) (NYSE: EMWP) is a
global media and entertainment company that acquires, co-produces
and distributes films, digital content and music across multiple
formats such as theatrical, television, OTT digital media streaming
and emerging web 3.0 ecosystem to consumers around the world. The
Company also owns the leading South Asian OTT platform Eros Now,
which has rights to over 12,000 films across major Indian
languages. For further information, please visit
www.ErosMediaWorld.com.
About Arabia Pictures
Group
Arabia Pictures group is a leading entertainment company focused
on the production and global distribution of film and television
content across all platforms. We are focused on building ecosystems
of content creation; all of our companies complement each other and
contribute towards completing projects from talent development to
major film production. We envision to create a “MediaTainment
economy” by acting as the root base for innovative cloud and
digital services aimed at content creators. Regionally we have
major platforms, TVs, theatrical and talent. We are providing the
best value for creativity utilizing technology through our existing
channels.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221205005379/en/
For further information, please contact Priyank Dubey
Priyank.dubey@erosintl.com Phone +91 22 66021500
Eros Media World (NYSE:EMWP)
Historical Stock Chart
From Apr 2024 to May 2024
Eros Media World (NYSE:EMWP)
Historical Stock Chart
From May 2023 to May 2024