MBC Group Announces Plans To Float 10% Stake On Saudi Stock Exchange

A popular star of Hindi films for a decade with over 80 million Instagram followers, Alia Bhatt, best known internationally for her 2022 double Gangubai Kathiawadi and RRR, has fast become one of India’s hottest exports. 

Michael Nordine author Greed may not be good, but it is universal. And while America would appear to have a monopoly on movies about the pursuit of wealth for wealth’s sake, plenty of other nations have exported their version of the rags-to-riches tale — of which Saudi Arabia’s Oscar submission, “Alhamour H.A.,” is just the latest.

Nick Holdsworth An “eco-system” of finance, lending and talent development is driving the creation of Saudi Arabia’s nascent film industry, key figures in the Middle Eastern kingdom’s cultural sector said this week. Speaking during the third edition of the Red Sea Film Festival in Jeddah, Abdullah Alkhaldi, chief investment and credit officer at Saudi Arabia’s Cultural Development Fund, said its aim was to be “the financial enabler in pursuing and achieving a cultural vision.” The fund, which launched two years ago, has $152 million available for lending to cultural projects along with a $80 million Film Investment Fund, which was announced in Cannes last May.

There were a bunch of Hollywood A-List stars in Saudi Arabia today for the closing night gala of the 2023 Red Sea International Film Festival!

Nick Vivarelli International Correspondent Rising Saudi Arabian star Yaqoub Alfarhan, who is known for playing the titular drug trafficker and serial killer in hit MBC TV series “Rashash,” plays a very different role in the drama “Norah” by pioneering Saudi director Tawfik Alzaidi, which is set in 1990s Saudi Arabia when conservatism was at its height and all forms of art and painting were banned for religion-related reasons. In “Norah,” which world premiered at the Red Sea Film Festival in Jeddah, Alfarhan plays an artist named Nader who has given up painting and moved to a remote village to be a schoolteacher. There he intersects with this film’s titular character, played by Saudi newcomer Maria Bahrawi.

Nicolas Cage doesn’t really care if you know he’s related to Francis Ford Coppola. 

Dennis Harvey Film Critic The urge to dazzle can be its own straitjacket, and it’s one that weighs heavily on Meshal Aljaser’s feature debut “Naga.” He aims for a hurtling virtuosity, à la “Run Lola Run,” in depicting a disobedient young Saudi woman’s extreme travails in trying to get home before her strict curfew. But that quarter-century-old German thriller’s simplicity of plot supported its hyperbolic style, while here the writer-director is so preoccupied with camera and editorial calisthenics, nothing else has a chance to come into focus.

Nick Vivarelli International Correspondent Dubai-based distributor Front Row Filmed Entertainment has acquired Middle East and North Africa (MENA) region distribution rights to groundbreaking Saudi drama “Norah,” which world premiered in competition at the Red Sea Film Festival. Directed by pioneering Saudi director Tawfik Alzaidi, making his feature film debut, “Norah” is set in 1990s Saudi Arabia, when conservatism was at its height and all forms of art and painting were banned for religion-related reasons.

Rafa Sales Ross Guest Contributor With a fast-growing box office expected to hit the billion-dollar mark by 2030 and rising numbers of streaming subscriptions, Saudi Arabia is at a key point in its journey into becoming a key global player when it comes to TV and film production. However, with a market that is only five years old — with Saudi lifting its 35-year ban on cinema in 2018 — local audiences are yet to flock to locally made content, which is still relatively scarce when it comes to the big screen.

Nick Vivarelli International Correspondent Saudi Arabia’s burgeoning filmmakers have formed a trade organisation called Film Association in an effort to hold sway in regulations being laid out for the country’s booming film industry. The Saudi Film Association, announced during the ongoing Red Sea Film Festival in Jeddah, comes five years after the government removed its 35-year-old religion-related ban on cinemas.

Nick Holdsworth International producers can count on help from the U.S. embassy in Saudi Arabia to take advantage of an “extraordinary explosion” in culture and film, U.S Ambassador Michael Ratney told Variety during the third edition of the Red Sea Film Festival. He said the ambition and drive of the Saudi film industry was an opportunity for international talent.

Former Universal Pictures executive Paul Chesney has been out and about this past week at the third edition of Saudi Arabia’s Red Sea International Film Festival, running November 30 to December 9 in the port city of Jeddah.

MBC Studios is developing a series adaptation of popular Saudi writer Osamah Almuslim’s best-selling debut horror novel Khawf (Fear).

Saudi Arabia‘s Red Sea International Film Festival is midway through its third edition, running November 30 to December 9 in the palatial surroundings of the seafront Ritz Carlton in the port city of Jeddah.

Nick Vivarelli International Correspondent Young Saudi director Meshal Al Jaser, who springs from the country’s vibrant YouTube scene, is making a splash with his madcap feature debut “Naga,” in which a young woman named Sara goes on a date and takes drugs in the desert. She then must overcome various obstacles, including a rabid camel, to get home before the curfew set by her punishment-prone father. Produced by Saudi’s prominent Telfaz11 production company in tandem with Netflix, “Naga” marks the first Saudi film selected for Toronto’s Midnight Madness program and is now premiering locally to ravishing response at the Red Sea Film Festival in Jeddah.

Rafa Sales Ross Guest Contributor It’s a busy year for the Red Sea Souk, the market arm of the Red Sea Film Festival dedicated to discovering new Arab and African talent. The same could have been said of every year of the market’s three-year history, however, with Saudi Arabia’s lightning-fast film industry solidifying the Souk as the principal film market for the Middle East and North Africa. The third edition of the Souk, taking place between Dec.

Nick Vivarelli International Correspondent Kidnap thriller “Fourth Wall” and romance story “Chasing Red” are the first two titles to be shot at Saudi Arabia’s Film AlUla as part of its partnership with Hollywood indie Stampede Ventures. The film entity, which is looking to attract international productions to a spectacular swathe of northwest Saudi, recently announced its partnership with Stampede Ventures that will bring 10 productions to the region over the next three years with a projected $350 million spend. Stampede is headed by U.S.

Nick Vivarelli International Correspondent Netflix has boarded Saudi Arabian multi-hyphenate Fatima Al-Banawi’s feature film debut “Basma” which tackles the theme of mental illness in her country. The groundbreaking film is set in Jeddah, the city on the Red Sea’s eastern shore where Saudi’s Red Sea Film Festival is currently underway.

Stampede Ventures’ adaptation of Isabell Ronin’s YA romance webnovel Chasing Red will shoot in Saudi Arabia, it was announced at the Red Sea Film Festival in Jeddah on Saturday.

Nick Vivarelli International Correspondent Kidnap thriller “Fourth Wall” and romance story “Chasing Red” are the first two titles to be shot at Saudi Arabia’s Film AlUla as part of its partnership with Hollywood indie Stampede Ventures. The film entity, which is looking to attract international productions to a spectacular swathe of northwest Saudi, recently announced its partnership with Stampede Ventures that will bring 10 productions to the region over the next three years with a projected $350 million spend. Stampede is headed by U.S.