Ed Borgerding Exits Imagenation Abu Dhabi

EXCLUSIVE: He’s followed Stefan Brunner, ex-COO, out of the door. It is understood that Rami Yasin, the Arab-language production head of the $1 billion Abu Dhabi film fund, has also left. Frank Moory, CFO of Imagenation’s parent the Abu Dhabi Media Company, will run Imagenation for now while the board looks for a new CEO. In an email to staff, chairman Mohamed Mubarak Al Mazrouei said that Borgerding has decided “to concentrate on independent projects”. Borgerding, a former Disney executive, joined Imagenation in March 2008. Imagenation’s spokesman was unavailable for comment.

Imagenation Abu Dhabi, the $1 billion film fund, launched in September 2008 and has announced a string of high-profile partnerships – including a $250 million joint venture with Participant Media; a $250 million deal with Hyde Park Entertainment; a $100 million deal with National Geographic; and a $10 million revolving development fund with Parkes/Macdonald (Dinner For Schmucks) to invest in projects developed through their DreamWorks first-look deal. Imagenation began shooting its first local production, coming of age story Sea Shadow, at the end of October last year. There’s been criticism that Imagenation has parked $600 million so far with Hollywood joint ventures, without putting much into local films. Its second local project, horror film Djinn, was planned to go into production in April.

This article was printed from https://deadline.com/2011/02/ed-borgerding-exits-imagenation-abu-dhabi-103257/