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iW NEWS | Participant and Imagenation Form $250M Five Year Feature Deal

By Indiewire | Indiewire September 10, 2008 at 8:51AM

Los Angeles-based entertainment company Participant Media has partnered with imagenation abu dhabi to create a $250 million fund that will finance 15 - 18 narrative features over five years, Jim Berk, CEO of Participant and Edward Brogerding, CEO of Abu Dhabi Comany and imagenation announced Wednesday. Participant will take the leaad in developing the films as well as overseeing produciton and negotiating distribution worldwide. “Since its founding, Participant has partnered with outside co-financiers on most of our films, and our long term strategy has been to find a partner we can align with over multiple films during the next five years to both accelerate our expansion and increase our efficiency," commented Berk in a statement. "This fund with imagenation abu dhabi will increase our capacity to make narrative films that not only entertain but also raise awareness of issues and inspire social change." imagenation abu dhabi is a wholly-owned subsidiary of Abu Dhabi Media Company, created to "develop, finance and produce content for both the global and Arabic language markets." Participant focuses on "socially relevant, commercially viable" feature films, documentaries and television, as well as publishing and digital media. [Brian Brooks]
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Los Angeles-based entertainment company Participant Media has partnered with imagenation abu dhabi to create a $250 million fund that will finance 15 - 18 narrative features over five years, Jim Berk, CEO of Participant and Edward Brogerding, CEO of Abu Dhabi Comany and imagenation announced Wednesday. Participant will take the leaad in developing the films as well as overseeing produciton and negotiating distribution worldwide. “Since its founding, Participant has partnered with outside co-financiers on most of our films, and our long term strategy has been to find a partner we can align with over multiple films during the next five years to both accelerate our expansion and increase our efficiency," commented Berk in a statement. "This fund with imagenation abu dhabi will increase our capacity to make narrative films that not only entertain but also raise awareness of issues and inspire social change." imagenation abu dhabi is a wholly-owned subsidiary of Abu Dhabi Media Company, created to "develop, finance and produce content for both the global and Arabic language markets." Participant focuses on "socially relevant, commercially viable" feature films, documentaries and television, as well as publishing and digital media. [Brian Brooks]