×
You will be redirected back to your article in seconds

Moonheart Entertainment Scores Investment From Saba Industries Group Owner (EXCLUSIVE)

Malini Saba, owner of Saba Industries Group, has made a key investment in Moonheart Entertainment, the newly launched gaming, television film, and media company that is focused on providing content for family audiences.

Financial terms of the deal were not disclosed. Saba, whose company is a privately-held, manufacturer and global exporter of rice and other commodities, had been looking to diversify into the entertainment business. The move finds her partnering with Moonli Singha, Moonheart’s co-founder and CEO, and Rosa Gudmundsdottir, its co-founder and chief creative officer. The hope is that the investment will help the company expand its original content production.

In addition to the Saba Industries Group investment, Moonheart said it will deploy IBM Watson capabilities to develop unique intellectual properties for youth and their families with franchise potential. IBM Watson is the question-answering computer system best known for competing on “Jeopardy.” Singha said the company will work with IBM Watson to build “immersive, visually and musically rich worlds for youth and their families to explore.” Many of these projects will be about social issues.

“Investing in women-led businesses is the key to success in every industry,” Saba said in a statment. “Moonli and Rosa are amazing and talented, and I can’t wait to see what they will create for youth and families everywhere.”

Popular on Variety

Moonheart Entertainment says it currently has seven pieces of intellectual properties in various stages of development.

More Film

  • Jojo Rabbit Movie 2019

    Potential Best Picture Nominees Find Humor Among the Drama

    At an early screening of “Bombshell,” which chronicles the Fox News sexual harassment scandal, director Jay Roach was nervous. Writer-producer Charles Randolph says it was because of the audible audience reaction: “It’s just too much laughing!” For many of this year’s prominent Oscar contenders for best picture, one of the most important questions is how [...]

  • Luxor

    Totem Films Nabs Zeina Durra's Sundance-Bound 'Luxor,' CAA Handles North American Rights

    Totem Films has acquired international sales rights to Zeina Durra’s “Luxor,” which will have its world premiere at the Sundance Film Festival in the World Cinema Dramatic Competition. CAA is representing North American rights. The film, which stars Andrea Riseborough (“Black Mirror”) and Karim Saleh (“Transparent”), marks Durra’s follow up to her 2010 feature debut [...]

  • After Class

    Film Review: ‘After Class’

    Arguably the best thing about “After Class,” a purposely untidy and exceptionally intelligent dramedy about frayed family ties and academic contretemps, is writer-director Daniel Schechter’s refusal to ever let his protagonist off too easy. To be sure, lead player Justin Long’s graceless-under-pressure Josh Cohn comes across as more clueless than unsympathetic, less chronically selfish than [...]

  • Aubrey Plaza Spirit Awards

    Aubrey Plaza Returning as Indie Spirit Awards Host

    Aubrey Plaza will return to the white tent on Santa Monica beach to host the Film Independent Spirit Awards for the second consecutive year. Now in its 35th year, the ceremony honoring the year’s best independent cinema will be held on Feb. 8. The 2020 celebration will broadcast live on IFC. “Like all great independent [...]

  • New Republic Pictures

    'Suspiria' Producer Bradley J. Fischer Joins New Republic as President

    Bradley J. Fischer, whose credits include “Zodiac,” “Black Sawn” and “Suspiria,” is joining Brian Oliver’s New Republic Pictures as president and chief content officer. Fischer has signed a multi-year pact with Paramount-based New Republic. Fischer and Oliver will produce all New Republic projects, including film, television and streaming. Fischer will continue to produce his pre-existing projects, [...]

  • Alfre Woodard

    Alfre Woodard Reflects on Her First Oscar Nomination and Her Career So Far

    When Alfre Woodard was 22, she drove from Boston to Los Angeles, only stopping in her Tulsa, Okla., hometown. The four-time Emmy winner, now 67, has been acting ever since. Woodard’s career began in theater, despite her inability to sing or dance, with help from late choreographer Lester Wilson. An early play, “So Nice, They [...]

More From Our Brands

Access exclusive content