The question that keeps every filmmaker up at night is "Where do I get the money to make my masterpiece?" As fun as just shooting something with your friends can be, it's also nice to work with a studio and to make a living.So, where do you get the money to make a movie? For decades, the answers have been familiar: studios, private equity, grants, crowdfunding. But the financial map of Hollywood is being redrawn by money from out of town: namely, Saudi Arabia. The latest venture is a major deal involving Erik Feig, the producer behind hits like The Hunger Games and La La Land.Feig's production company, Picturestart, has partnered with Japanese gaming giant SNK to launch Arena SNK Studios, a new movie studio in Hollywood. But the real headline is the money behind the curtain. The venture is significantly financed by Saudi Arabia’s Public Investment Fund (PIF), the nation's sovereign wealth fund. This isn't just another studio deal; it's a sign of a much larger trend that every filmmaker needs to understand.Let's dive in. - YouTubewww.youtube.comMoney is Power in Hollywood Fresh off the heels of the very controversial Riyadh Comedy Festival, where comedians like Bill Burr, Louis CK, and Dave Chappelle (among many others) went to Saudi Arabia to tell jokes, we're seeing a more massive investment in working with the West.When it comes to Hollywood, Saudi Arabia offers a highly competitive cash rebate of up to 40% for qualifying productions that shoot within the country. This aggressive...
Published By: NoFilmSchool - Yesterday