Warner Bros. Launches "Unprecedented" Multibillion-Dollar Deal With Abu Dhabi Co.

Warner Bros. Launches "Unprecedented" Multibillion-Dollar Deal With Abu Dhabi Co.

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 biggest 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.

Abu Dhabi will also establish a fund of $500m to co-finance production of Warner films - a figure that could grow over time.

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