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Wednesday, September 3, 2008

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Abu Dhabi fund goes Hollywood

The Hollywood sign in Los Angeles

A branch of one of the world's largest sovereign wealth funds -- the Abu Dhabi fund -- plans to spend $1 billion over five years to produce and distribute feature films in Hollywood. Ali Jaafar of Variety discusses the details with Kai Ryssdal.

The Hollywood sign in Los Angeles. (Trixie Textor/Getty Images)

More on Investing, International, Wall Street, Entertainment, Middle East

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