Introduction to Arena SNK Studios
A new production company, Arena SNK Studios, has been launched with veteran producer Erik Feig at its helm. The company is chaired by Saudi businessman Majid Al-Ibrahim of broadcaster MBC Group and is backed by Japanese video game company SNK, which was recently acquired by MiSK Group, the foundation founded by Saudi Crown Prince Mohammed bin Salman.
The Vision and Goals of Arena SNK Studios
The new company aims to serve fans worldwide by adapting intellectual properties from video games, anime, and fandom communities. With significant funding, reportedly an initial investor commitment of $1 billion, Arena SNK Studios is set to make a major impact in the entertainment industry. The company plans to partner with leading global studios and streaming companies for distribution and will develop and produce blockbusters and event series in live-action and animation.
Key Players and Partnerships
The board of Arena SNK Studios includes notable industry figures such as former Disney film chief Sean Bailey, Andreessen Horowitz general partner and AI investor Andrew Chen, and Epic Games CCO Charlie Wen. Erik Feig, who will serve as CEO and executive chairman of Picturestart, the company he founded in 2019, will manage projects at Picturestart, which will remain independent and be responsible for running day-to-day business from within.
Background and Experience of Erik Feig
Erik Feig is an industry veteran with a impressive track record. He was previously co-president of Lionsgate’s film group and, before that, president of Summit Entertainment. He has produced, supervised, or initiated the production of films such as dusk, La-La Land, The Hunger Games: Catching Fire, The injured locker, John Wick, Together, and Sicario.
Saudi Involvement and Expansion
The Saudi involvement in Arena SNK Studios comes as part of Crown Prince Mohammed bin Salman’s efforts to invest in various sectors and expand the kingdom’s portfolio beyond oil revenues. This move is expected to have a significant impact on the entertainment industry and marks a new era of collaboration between Saudi investors and global entertainment companies.
Future Plans and Ambitions
Arena SNK Studios aims to partner with experiential events around the world and develop a wide range of content, including live-action and animated series. With its significant funding and impressive board of directors, the company is well-positioned to make a major impact in the entertainment industry and bring new and exciting content to fans worldwide.
