Eros Media World and Arabia Pictures to Produce Three Films, Including an Arabic Remake of a Bollywood Superhit Film in Saudi

Rhea-AI Summary

Eros Media World PLC (NYSE: EMWP) partners with Arabia Pictures to produce three feature films, including a remake of a 2012 Bollywood hit. Production starts in 2023, aligning with Saudi Arabia's Vision 2030 to diversify its economy. CEO Pradeep Dwivedi emphasizes the cultural ties between Saudi Arabia and India, aiming to resonate with MENA audiences. The partnership also explores opportunities in film production and technology, following their strategic alliance announced in August 2023.

Positive

• Strategic partnership with Arabia Pictures to enhance film production in the MENA region.
• Production of three films, including a Bollywood remake, expected to attract regional audiences.
• Aligns with Saudi Arabia's Vision 2030, signaling potential for economic diversification.

Negative

• None.

• The deal is a part of the ongoing strategic partnership between the two companies

• The three films will enter production in 2023

JEDDAH, Kingdom of Saudi Arabia--(BUSINESS WIRE)-- Eros Media World PLC (“ErosMedia”, “Eros" or the “Company”) (NYSE: EMWP), a global Indian media and entertainment company and Arabia Pictures will produce three full length feature films, including the remake of a 2012 Bollywood Box Office super hit film and two untitled Hindi language projects. All three films will be conceived and developed in Saudi. The local remake film will go on the floor for production by mid of 2023, and the other two by the end of 2023.

Abdulelah Alahmary, CEO of Arabia Pictures, says, “We’re very thrilled to collaborate with ErosMedia in bringing captivating, family-orientated stories to the MENA region. Our cultures share similar qualities, and we believe that our first film together, which is a remake will resonate with our audiences. We’re in the process of adapting the story with talented local Saudi writers. We will share the details on these projects soon.”

Commenting on the announcement, Pradeep Dwivedi, CEO, Eros Media World, says, “Saudi Arabia and India enjoy a strong relationship reflecting their centuries-old economic and socio-cultural ties. Today, when Saudi Arabia is diversifying and inviting investments and expertise from all over the world, global media organizations like ErosMedia can participate and contribute to the Saudi government's vision." He adds, "In Arabia Pictures, we have found a perfect partner, and together we will recreate the magic of Bollywood in Saudi."

Arabia Pictures is a content production and distribution outfit focusing on the MENA region. In August this year, ErosMedia and Arabia Pictures announced a strategic partnership to explore opportunities in film production, technology, and Web3 space.

The partnership is in line with Saudi Arabia’s Vision 2030, a strategic framework by the government to move away from Saudi Arabia’s dependence on oil to diversify its economy and develop public service sectors such as health, education, infrastructure, recreation, media, and tourism.

About Eros Media World Plc

Eros Media World Plc, (“Eros”, the “Company”) (NYSE: EMWP) is a global media and entertainment company that acquires, co-produces and distributes films, digital content and music across multiple formats such as theatrical, television, OTT digital media streaming and emerging web 3.0 ecosystem to consumers around the world. The Company also owns the leading South Asian OTT platform Eros Now, which has rights to over 12,000 films across major Indian languages. For further information, please visit www.ErosMediaWorld.com.

About Arabia Pictures Group

Arabia Pictures group is a leading entertainment company focused on the production and global distribution of film and television content across all platforms. We are focused on building ecosystems of content creation; all of our companies complement each other and contribute towards completing projects from talent development to major film production. We envision to create a “MediaTainment economy” by acting as the root base for innovative cloud and digital services aimed at content creators. Regionally we have major platforms, TVs, theatrical and talent. We are providing the best value for creativity utilizing technology through our existing channels.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221205005379/en/

For further information, please contact

Priyank Dubey

Priyank.dubey@erosintl.com

Phone +91 22 66021500

Source: Eros Media World PLC

FAQ

What films is Eros Media World producing with Arabia Pictures?

Eros Media World is producing three films, including a remake of a 2012 Bollywood super hit and two untitled Hindi projects.

When will the films produced by Eros Media World enter production?

The films will enter production in 2023, with the local remake starting by mid-2023.

How does the partnership with Arabia Pictures align with Saudi Arabia's Vision 2030?

The partnership supports Saudi Arabia's Vision 2030 by promoting economic diversification and development in the media sector.

What is the stock symbol for Eros Media World PLC?

The stock symbol for Eros Media World PLC is EMWP.