Source link : https://las-vegas-news.com/hollywood-turns-to-saudi-arabia-as-traditional-financing-dries-up-nbc-news-says/
Hollywood is facing a cash crunch. Studios are tightening budgets, streaming platforms are cutting back, and the old financing models don’t work like they used to. So where’s the money coming from now? Look east. Saudi Arabia is stepping in with deep pockets and big ambitions, and the entertainment industry is paying attention whether it wants to admit it or not.
It’s not exactly a secret anymore. Executives are flying to Jeddah, stars are showing up at festivals, and behind closed doors, dealmakers are talking serious numbers. The kingdom wants in on Hollywood, and Hollywood needs the capital. Simple as that. Still, it’s complicated in ways that go beyond spreadsheets and contracts.
Saudi Arabia’s Growing Pull on Hollywood
As Hollywood struggles with shrinking budgets and fewer financing options, Saudi Arabia is re-emerging as a powerful source of capital. Stars, executives, and dealmakers are traveling to the kingdom this week for the Red Sea Film Festival in Jeddah, where top talent is being courted amid reports of lucrative appearance deals. The appeal is clear: after the pandemic, labor strikes, and shifting audience habits, studios and creatives are increasingly open to new funding sources, even if they come with political and ethical complexities.
Big Deals, Big Questions
Saudi-backed money is now tied to some of the industry’s…
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Author : Matthias Binder
Publish date : 2025-12-17 13:12:00
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