- The deal is a part of the ongoing strategic partnership between the two companies
- The three films will enter production in 2023
India/UAE, December 06, 2022: 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.
