Meet Hollywood’s Newest Billionaire Player: The Abu Dhabi Media Company

 

Hollywood has a new player and he’s in Abu Dhabi. Edward Borgerding, CEO of the Abu Dhabi Media Company (ADMC), will spend $1 billion making movies over the next five years. Last week at the Toronto Film Festival, he revealed his first partner to be Participant Media, representing $125 million of that investment.

In a telephone interview from Abu Dhabi, where he was fasting for the month of Ramadan, Borgerding laid out his filmmaking goals, the kinds of movies he would like to make, and the global media ambitions of Abu Dhabi. He said that two more partnerships will be announced in the coming weeks and that, yes, he has producers lined up outside his door.

(Sharon Waxman)


Film Business, Hollywood


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