Hollywood’s Stampede Ventures And Saudi Arabia’s Film AlUla Forge Milestone $350 Million Pact
variety.comNick Vivarelli International Correspondent Saudi Arabia’s Film AlUla, the film entity looking to attract international productions to a sprawling area of desert and giant boulders, has forged a partnership with Hollywood indie Stampede Ventures, bringing 10 productions to the region over the next three years with a projected $350 million spend.
The groundbreaking agreement with Stampede marks the first deal of this scale between Hollywood and Saudi since the kingdom lifted its ban on cinema in late 2017.
Stampede is headed by U.S. industry veteran Greg Silverman, former president of creative development and physical production at Warner Bros.
Silverman launched Stampede Ventures in 2018. “It’s a huge step forward,” Film AlUla executive director Charlene Deleon-Jones told Variety, noting that the pact follows a successful partnership with Stampede on the film “K-Pops!,” the directorial debut of multiple Grammy-winner Anderson .Paak.
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