RIYADH, Saudi Arabia, Oct. 05, 2022 (GLOBE NEWSWIRE) — The exclusive Hakawati – Meridian Pictures partnership aims to bring Hollywood talent to the Saudi entertainment industry and develop stories for regional and international audiences. The partnership is aligned with Saudi Arabia’s Vision 2030 and its goal of creating a vibrant society that benefits from high-quality entertainment, knowledge transfer and job creation in a way that contributes to the future. strong economy of the Kingdom.
The alliance combines the expertise of acclaimed Hollywood producer and longtime studio executive Eric Paquette with Hakawati Entertainment and his exceptional experience in producing content in Saudi Arabia. The main objective of this partnership will be the development, production and distribution of original content for cinema and television.
“Saudi Arabia has one of the youngest populations in the world, with around 50% of its population under the age of 25, and that is our target audience. With the target of 2,600 cinemas in “By 2030, our partnership will help the region become the cinematic powerhouse Middle East,” said Eric Paquette, CEO of Meridian Pictures.
“We are thrilled to unveil this unique cooperation platform in the Kingdom that will bring Hollywood talent and expertise here to foster local media industry and culture,” said Redha Alhaidar, President of Hakawati Entertainment.
Osama Alkhurayji, CEO of Hakawati Entertainment, added: “We look forward to the accelerated change and further transformations this partnership will bring to the Saudi film and television industry. This is an exciting time for us at Hakawati Entertainment, as this partnership facilitates the industry’s growth and cements our role in its coming. .”
Meridian Pictures is a multi-platform entertainment company focused on the development and production of premium film and television content. Meridian Pictures was founded by Paquette in 2020 after serving the past 20 years as a senior executive at MGM and Sony Pictures.
Hakawati Entertainment is a leading film and television production and literary management company based in Saudi Arabia. Hakawati Entertainment creates content and produces shows that resonate with all Arabic-speaking audiences, everywhere. Founded in 2020 by a team of successful entrepreneurs and industry experts, it represents an established driving force in Saudi Arabia’s evolving media and cultural space. Hakawati Entertainment provides expertise and focus with proven, repeatable successes achieved by tapping into local talent, along with powerful, authentic storytelling. Hakawati Entertainment’s immediate goal is to produce high-quality content that is competitive in the global film and television industry.
Chief Marketing Officer, Meridian Pictures
This content was published via the newswire.com press release distribution service.