Friday, December 4, 2009

WHAT IS BECOMING OF GEORGE?

WHAT IS BECOMING OF GEORGE? IS HE SLOWYLY DYING

Back in 1996, Prince Al Waleed bin Talal and Michael Jackson
launched a joint venture 'Kingdom Entertainment' to develop a
variety of entertainment projects such as movies, books, hotels,
recordings and theme parks all based on 'family values'.
A press conference was held in Paris in April and both Al Waleed
and Michael revealed their plans and hopes for this venture.
The first project was the sponsoring of Jackson's HIStory world
tour and then they produced Michael's "Ghosts" music video,
short movie.

Unfortunately, things didn't work out as planned and the company
eventually fell apart.

News Corp. partners with Saudi prince who Fox News lambasted
In 2001, several Fox News personalities criticized Saudi Prince
Al-Waleed bin Talal -- who reportedly suggested that the United
States' Middle East policy contributed to causing the 9-11 attacks --
and praised then-Mayor Rudy Giuliani for not accepting a $10 million
disaster-relief donation fromAl-Waleed.

However, Rupert Murdoch has recently finalized a deal giving
News Corp., which includes Fox News, a 10 percent stake in
Al-Waleed's media conglomerate, Rotana, according to reports.

Now, Prince Al Waleed has declared he’s upped his (Kingdom Holding’s)
stake in News Corp to 5.7%. Alwaleed also owns Rotana Media, the
company that has the exclusive rights to broadcast FOX News Channel
in Saudi Arabia. Daily Variety reported News Corp. will take a 10%
stake in Rotana, with an option to acquire another 10 percent.
The paper said the News Corp.-Rotana pact marks the most significant
investment yet by a Western media company in the Arab world.
Last summer, News Corp.'s Fox and Rotana launched two Fox-branded

English language channels in the Middle East. Rotana also has a deal to
distribute Fox fare on DVD throughout the Middle East, Variety said.
The new pact will include the launch of new Fox-Rotana TV channels.
Here’s how that part of the deal will evidently work:
Prince Al-Waleed’s Rotana Audio Visual Company, which operates
TV channels in the Middle East, has signed a deal with DirecTV,
the TV-satellite firm controlled by NewsCorp. As a result, it would
seem Rotana will be able to beam its programs into U.S. cable
FOR KINGDOM HOLDINGS INFORMATION
Kingdom Holding Company - Vision

INFORMATION ON GEORGE
George (magazine) - Wikipedia, the free encyclopedia

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