Media Mention
With Hollywood strapped for cash, Saudi Arabia is re-emerging as a key financial backer
NBC News
Entertainment and Tax Partner Sky Moore shared his insights with NBC News on the motivations behind Saudi Arabia’s expanding financial involvement in Hollywood.
Excerpts:
“Money is good, that’s Hollywood’s perspective,” said entertainment attorney Schuyler (Sky) Moore at Greenberg Glusker. “For the Saudis, it’s all about building their own film industry, and they’re trying to get the expertise and the people there.”
While there are many deals in discussion, Moore noted that a major Hollywood studio has yet to actually close one with Saudi financing. If they do, the entertainment attorney said he suspects the deal will be contingent upon shooting in the region, to help build up the kingdom’s local production infrastructure.
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