By Ayesha Daya
Nov. 2 (Bloomberg) -- Abu Dhabi Media Co., a unit of government investment arm Mubadala Development Co., formed a $250 million venture with Hollywood-based Hyde Park Entertainment to develop feature films.
The companies plan to create as many as 20 films over seven years, including movies on Middle Eastern and Asian cultures, and Hyde Park will open an office in Abu Dhabi called Two Four54, Abu Dhabi Media said in an e-mailed statement today.
To contact the reporter on this story: Ayesha Daya in Dubai adaya1@bloomberg.net
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