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CANNES: During the annual Cannes Film Festival in France, Saudi Arabia’s Studio Production Training announced the launch of The Studio, an initiative to help build a robust film industry infrastructure in the Kingdom by providing local and international filmmakers with qualified below-the-line (BTL) talent. Backed by the Saudi Cultural Development Fund, The Studio seeks to ....
The Saudi Cultural Development Fund (CDF) revealed a new investment program in the film sector at a value of 300 million Saudi riyals (about $80 million), and the launch of a global partnership with international institutions. The Cultural Fund launched its new investment program on the sidelines of the Cannes Film Festival, which is being held in France, with the participation of various Saudi entities. The CDF announced partnerships with MEFIC Capital and holding company ROAA Media Ventures to establish the Film Investment Fund, budgeted at $100 million. ....
This Film Investment Fund aims to invest in or provide funding to the companies and projects in the Saudi film sector; provide network support through mentors, business leaders, and distribution networks; and ensure proper risk management for investment portfolios ....
/PRNewswire/ The Saudi Cultural Development Fund (CDF) has launched the Film Investment Program with a budget of SR 300 million under the Film Sector. ....