The New York-based firm Eternal Mind Productions said it has signed a deal worth $200 million with Dubai film investors.
Al Muhaymin Film Fund is the establishment providing the funding. Eternal Mind Productions is started by Nagendra Karri and Peter James Elias in 2008.
To see a list of investment firms from the Middle East similar to Al Muhaymin Film Fund check our Middle East Investors Directory
More details follows from their release
Eternal Mind Productions LLC, started by the dynamic duo of Nagendra Karri and Peter James Elias in 2008 has had tremendous success with their maiden venture "Where are you Sophia?" in 2009, successful premieres in Tribeca and Cannes followed, and a Worldwide release in 2010 paved for a greater rooster of films in making. "GATE 21" and "Mobster- A Call for the New Order" are their much awaited upcoming releases this year.
Six months of prolonged negotiations in the past one year have resulted in a successful collaboration between Eternal Mind Productions LLC, and AL MUHAYMIN Film Fund for funding their future projects for the next three years.
Nagendra Karri, CEO of Eternal Mind Productions who has had a breakthrough beginning with his first three features "Where are you Sophia?" and upcoming releases in 2012, "GATE 21" & "Mobster- A Call for the New Order" has decided to expand his Hollywood Motion Picture Production into untapped markets of Eastern Europe and Asia.
The resulting deal is expected to funnel around Two Hundred Million US Dollars into upcoming projects produced by Eternal Mind Productions and directed by Nagendra Karri in the next few years.
Previous Post: Abu Dhabi firm Mubadala sells JBI unit to UK's Serco
Next Post: Kuwait firm Alshaya acquired La Senza UK out of administration