Sign up to receive 5 free days of our daily summary for tech news.

Entertainment

Top Hollywood Execs Prepare to Welcome Saudi Crown Prince

Saudi Crown Prince Mohammed bin Salman’s whirlwind U.S. tour will continue Monday night with a dinner hosted by Fox honcho Rupert Murdoch, according to CNN. Some of the entertainment industry’s biggest names are on the guest list, including Disney Chairman and CEO Bob Iger, Warner Bros. Chairman Kevin Tsujihara and media investor Peter Chernin. As part of its modernization plan, the Saudi government has repealed its ban on movie theaters and is planning to invest $64 billion in entertainment over the next 10 years, which is why those executives are braving L.A. traffic to pay their respects to the crown prince. With Chinese investment in Hollywood having hit a regulatory roadblock, the Saudi initiative comes at a perfect time for the industry. And while plenty of questions remain about what a fruitful Hollywood-Saudi Arabia relationship might look like—not least of which is how many big-budget Hollywood movies will actually make it past the Saudi censors—the bosses of some of the world’s largest entertainment companies evidently want to be part of it.

0 Subscriber comments


Sign up for our weekly newsletter and 5 complimentary days of our daily tech news roundup.

Already a subscriber? Log in here