Former Universal Pictures executive Paul Chesney has announced the creation of Riyadh-based production company Red Palm Pictures on the eve of Saudi Arabia’s third Red Sea International Film Festival.
Chesney has been appointed CEO of the new, privately-owned production company, which will develop and produce original feature film, TV and documentary content for theatrical and streaming release in MENA and around the world.
The public announcement of the new production banner comes hot on the heels of the launch of sister distribution company TwentyOne Entertainment, which is also headed by Chesney and will run under the same roof.
In a first major content signing, Red Palm Pictures has struck a multi-picture development deal with Saudi writer and director Tawfik Alzaidi.
Read more on deadline.com
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