Abu Dhabi launches media hub

Multi-billion dollar epicenter for Mideast content ABU DHABI -- While the world's financial markets are struggling with the credit crunch, Abu Dhabi is building its city of dreams. The ambitious emirate has launched twofour54, a multibillion-dollar hub for content creation across all forms of media in the Middle East. Project underscores Abu Dhabi's ambition to become a global film player, which includes moves such as the launch of $1 billion production banner Imagenation, as well as the expansion of its annual film finance confab, the Circle, and the Middle East Intl. Film Festival. The latest initiative, which is supported by the Abu Dhabi government, has already signed up market-leading global brands such as CNN, the BBC, Harper Collins, Random House, the Thomson Reuters Foundation as well as Rotana Films, one of the... [read full story]                    

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