The kingdom is amassing stakes in the entertainment sector and power brokers are calculating that they can weather any negative PR.
Saudi Arabia and its sovereign wealth fund have quietly — and in some cases not so quietly — built a multibillion-dollar foothold in Hollywood, four years after much of the industry cut ties with the country in response to the murder ofThis time
around, Saudi Arabia’s Public Investment Fund, overseen by Saudi Crown Prince Mohammed bin Salman, and other Saudi-affiliated firms appear to be betting that live entertainment, rich financial investments and sports can be the gateway to the American market.
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