Tarak Ben Ammar’s Eagle Pictures enters with 5% within the Saudi Film Fund | EUROtoday

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For Eagle Pictures, improvement now additionally passes by way of Arabia. «It is a younger nation with monumental potential by way of movie manufacturing and distribution», explains al Sun 24 Hours Tarak Ben Ammar, foremost shareholder and president, confirming his entry into the Saudi Film Fund. This is a $100 million fund, aimed toward attracting funding from world movie studios to assist gasoline the speedy progress of the native movie trade.

The funding

Eagle Pictures enters this journey with 5%, due to this fact an endowment of 5 million. And this isn’t a trivial entry. Not everybody can do enterprise with Saudi Arabia and in Saudi Arabia. Tarak Ben Ammar is definitely advantaged by his being French-Tunisian, absolutely built-in into the Arab world and actually he shall be a part of the Council in a private capability. «I had residency», he explains, inviting us to think about «the speedy rise of that market. We are speaking a couple of territory that can grow to be essential within the geography of world cinema.”

New horizons

The adventure in Arabia opens new horizons for the integrated production and distribution company, present in every segment of the content exploitation chain, from production and acquisition of rights to distribution through cinema, home video, TV and new media. In Italy it has distribution agreements with Sony Pictures (exclusively) and Paramount. Eagle Pictures owned by Tarak Ben Ammar and Naguib Sawiris closed 2023 with a production value of 62.3 million and a net profit of 5.5 million, up from 3.4 million a year earlier. Results recorded in the balance sheet of a year preceding a 2024 which was full of satisfactions for the company. Last, in chronological order of appearance, is the exploit of the film “The Boy with the Pink Pants”, in theaters from 7 November and which with its 8.9 million at the box office (as of 15 December), is on its way to being the most watched Italian film of a year which in the Peninsula has as its box office champion “Inside Out 2” by Disney with 45.6 million, ahead of “Deadpool & Wolverine”, also by Disney, with 17.6 million at the box office office.

The numbers

In this context, Eagle Pictures consolidated its second position as the largest distributor in Italy, with 69.9 million and a market share of 15.52%: below Disney’s 104.7 million euros (23.26% of market share), but ahead of Warner Bros Italia (61.5 million) and Universal (53.4 million). «The numbers – underlines Ben Ammar – confirm that it has been a year of great satisfaction. And in this sense we have excellent expectations for 2025 with films both in production and in distribution.” 2024, which for Eagle Pictures noticed the arrival of the Volpi Cup for the distributed movie “Babygirl”, will now finish with “Conclave” by Edward Berger, in theaters from the day after tomorrow. For subsequent yr we begin with “Nero a mezzo”, a documentary on Pino Daniele and “Here”, the brand new and mentioned movie by Robert Zemeckis with Tom Hanks and Robin Wright, which is being talked about a lot for the de-aging on the protagonists, carried out because of synthetic intelligence.