Warner Bros. building theme park and movie theaters in UAE

Posted | Contributed by Jeff

Warner Bros. Entertainment will develop a theme park and hotel in Abu Dhabi as well as co-finance films and video games as part of a multibillion-dollar alliance. The deal with real estate developer Aldar and the newly formed Abu Dhabi Media Co. also involves jointly owned movie theaters in the United Arab Emirates and a separate deal to produce Arabic-language movies. The $500 million (euro354 million) film fund will produce broad appeal films, with Warner Bros. retaining worldwide distribution rights.