Saudi Prince Al-Waleed Bin Talal, who owns a 6.6% stake in 21st Century Fox, is increasing his investments in Arab movies through his Rotana Media Group with plans to produce a slate of new Arabic blockbusters over the next two years and ambitions to give the local industry a post-Arab Spring boost.Rotana, in which Al-Waleed is a majority shareholder, has announced it will be working with Egyptian producers including Ahmad Al Sabki and Walid Sabri on a slate of mainstream...
Kingdom Holding Company
He wields influence in the global entertainment and digital arena through his investments in 21st Century Fox, Middle East entertainment company Rotana, and Twitter. Dubbed “the Warren Buffett of Arabia” by Time magazine, Alwaleed has a vast portfolio that includes his being the second-largest voting shareholder in 21st Century Fox. Fox in turn holds a 19% share in his Rotana, the powerhouse which produces and broadcasts TV content across the Middle East, of which he holds the remaining 80 percent portion.
Alwaleed’s activities in the media and entertainment sector include a stint as investor/producer in 1997 of Michael Jackson’s History World Tour. With Jackson he had formed the Kingdom Entertainment business partnership. In 2015, Alwaleed tried to launch the Al Arab TV news channel in Bahrain, but was forced to shutter it after just one day due to what many commentators in the region said was political pressure against its uncensored content.
In 2016, Alwaleed told Bloomberg TV that he supported efforts by Twitter CEO Jack Dorsey to turn around the San Francisco-based micro-blogging site in which Kingdom Holding took a roughly 5% stake in 2011. Alwaleed holds a B.A. in Business Administration from Menlo College in California and a Masters in Social Sciences from Syracuse University in New York.