Abu Dhabi’s investment fund would support the UK music company Sony for the final bid for EMI, according to information gathered from people close to Citibank’s $3.5bn-$4bn auction. The move would strengthen the financial position of Sony making it top competitor of bidders including BMG Music Publishing, Ronald Perelman’s MacAndrews & Forbes group, Universal Music and Len Blavatnik’s Warner Music.

Flash Entertainment yesterday specified that it has purchased a 10 per cent stake in the Las Vegas firm that owns the Ultimate Fighting Championship (UFC).

With this Abu Dhabi has entered the world of mixed martial arts.

Dubai-based Emari Toons, a top quality animation producer, has signed a $22m deal with South Africa's Speedy Productions for the production of animated TV episodes. 

It should be noted that South African company's 'Know Your Nation,' is a series of 10,000 two-minute animated episodes that explain various aspects of a country's culture, history and geography. 

Under the deal, Emari Toons will produce 100 episodes on each of the 22 countries in the Arab League, including the UAE, a total of 2,200 episodes. 

Saudi Arabia's Ministry of Culture and Information has informed that it has signed agreement worth SR 314 million with six local firms for establishing TV and Radio centers across the kingdom. 

The contracts include setting up three TV and Radio centers in Hail, Tabuk and Jizan, in addition to 10 digital TV broadcast stations in Al-Henakeyah, Msegeed, Al-Ahmar,Tarabah, Al-Harjah, Balqarn, Ba Al-Asmar, Hobouna and Al-Mandaq. 

The king of Bollywood Sharukh Khan, the heartthrob of millions, has now taken another path to make money.

Reportedly, the superstar will now work in real estates and property developments and thus has taken a new business venture under his control named ‘Shah Rukh Khan Boulevard’.

The man already has a production house by the name of ‘Dreamz Unlimited.’

SRK will work in a combined project with TSA International Investment, on signature buildings of Al Dana Island,one the seven Emirates of UAE.

This November, the citizens of UAE will enjoy a lot as a major-open air entertainment event will be organized in Dubai and Abu Dhabi.

According to a latest report, “The 24-night Hydra Open Air Cinema UAE 2008 will run for 12 days each in the two emirates.”
People will definitely enjoy this event as it will have a mega open air cinema, a festival of international cuisine and exciting shows supported by the latest technology.

SwissOpenAir Concept, the entertainment major of open air cinema screening, and Hydra Properties, have opened this cinema as a tie-up.

Abu Dhabi- United Arab Emirate (AHN) – State owned Abu Dhabi Media Co., on Wednesday, expressed its willingness to invest over $1 billion in Hollywood-type film and digital media production.

This they would do in partnership with Hollywood and other international movie producers. The company mentioned that it has set up Imagination Abu Dubai to enter into the partnerships.

"Imagination Abu Dhabi will enter into partnerships with high-profile USA-based and other international producers to develop and produce content for distribution throughout the world."