Alnoor Holdings, a Qatari media group, yesterday launched a $200 million fund to finance and produce up to 15 features for the international market in the next five years.
The Fund intends to take advantage of the challenging conditions in the capital markets and the film industry to invest in high quality film projects involving Hollywood talent generating the best potential returns. Alnoor Holdings will invest $40 million into the fund directly, with the remaining coming from private investors across the Gulf region - Variety is reporting.
Their full press release follows
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