Pictures teams up with Damac in Dubai for hotel development
- March 2013
Pictures partners with luxury real-estate developers
DAMAC in Dubai for 250m-high residential and hotel
Pictures, a name synonymous with glossy Hollywood
movies and action-packed thrillers, has announced
its first foray into the world of architecture. Partnering
with luxury real-estate developers DAMAC Properties
and Paramount Hotel & Resorts (the official licensee
of Paramount), the company has released details of
DAMAC Towers by Paramount, a cluster of four rippling
towers in Dubai, joined by a multi-level plaza.
official announcement of the $1bn scheme was only
made yesterday (6 March 2013) but construction is
already underway and the immense project is due to
complete in 2015. Once realised, the four waving towers
will rise over 250m into the sky in the Burj Khalifa
area of Dubai, an area popular with international
visitors who will soon be able to enjoy unrivalled
views of the worlds tallest tower from a glittering
new base. In 2012 this particular area welcomed more
visitors than New York City at 65 million visitors
to NYCs 52 million.
the ITB Berlin event yesterday where the official
announcement was made, Thomas van Vliet, Chief Executive
Officer of Paramount Hotel & Resort, explained:
DAMAC Towers by Paramount will include a series
of dynamic and sensory experiences that live up to
our mantra of producing hospitality that is unmistakable,
unforgettable and consequentially unmissable. The
guests in our audience will be led on a journey that
delights the eyes and engages the emotions. We are
thrilled to be partnering with DAMAC Properties on
this mega project and sharing this exciting news today.
of the four towers will take the form of a 540-key
Paramount Hotel & Residences while the other three
will include 1,400 units of DAMAC Maison-Paramount
co-branded serviced hotel rooms. Bringing these three
volumes together will be a multi-level skybridge encompassing
various themed eateries and entertainment venues.
There will also be a screening room, wellness &
fitness centre, swimming facilities, a kids club and
retail outlets for residents and visitors to the hotel.
Owners of the Paramount Hotel & Residences units
will be able to partake in a rental pool system which
allows them to rent out their residences when they
are out of town.
Properties Managing Director, Ziad El Chaar, said:
The history, glamour and tradition of the movies
indirectly transcend every element of the design and
ethos of this aspirational project. We will employ
the same, tried and tested production process, pioneered
by Paramount Pictures at the studio, to direct, design
and detail a world-class experience. The Paramount
brand stands for more than exceptional film and entertainment:
its an inviting lifestyle.
and Paramount team up for $1bn Dubai hotel - 7th March
silver screen production company Paramount Pictures
has joined forces with real estate giant Damac Properties
in an exclusive partnership to bring a US$1bn five
start hotel to Dubai.
to open at the end of 2015, Damac Towers by Paramount
will be based close to the worlds tallest building,
Burj Khalifa, and will reportedly feature two aspects
a 540-unit Paramount Hotel & Residences,
and 1,400-unit Damac Maison-Paramount co-branded service
Pictures, part of media conglomerate Viacom, is a
101-year-old film and television production and distribution
studio responsible for films including Titanic, Breakfast
at Tiffanys, The Godfather, Raiders of the Lost
Ark, Forrest Gump and Braveheart.
Properties managing director Ziad El Chaar said: The
history, glamour and tradition of the movies indirectly
transcend every element of the design and ethos of
this aspirational project. We will employ the same
tried and tested production process, pioneered by
Paramount Pictures at the studio, to direct, design
and detail a world class experience.
Paramount brand stands for more than exceptional film
and entertainment: Its an inviting lifestyle.
project will feature four towers, brought together
by a multi-level plaza offering a selection of themed
food and drink, meeting and events facilities, a screening
room, wellness and fitness centre, swimming pool,
kids club, retail, and merchandise featuring the Paramount
brand or selected partner brands.
tower will reach 250 meters in height, one of which
will be Paramount Hotel & Residences, while the
remaining three will house the Damac Maison-Paramount
serviced hotel residences.
Thomas Van Vliet, CEO of Paramount Hotel & Residences
(PHR) FZ-LLC, said: Most people know the famous
Paramount Pictures logo, with the mountain and 22
stars, and they also watched many of the iconic movies
the studio produced. The hotels, resorts and residences
produced by PHR FZ-LLC will be developed using the
creative process honed over Paramounts 100 year
service, design, entertainment, food, beverage and
spa concepts will combine magically to mark a new
chapter for the brand and to set a rare standard in
added: DAMAC Towers by Paramount will include
a series of dynamic and sensory experiences that live
up to our mantra of producing hospitality that is
unmistakable, unforgettable and consequentially unmissable.
guests in our audience will be led on a journey that
delights the eyes and engages the emotions. We are
thrilled to be partnering with Damac Properties on
this mega project.
Universal Pictures, The Walt Disney Company, Warner
Bros. Entertainment Inc. and Paramount Pictures Sign
on to DCDC Distribution Service Platform
Calif. & LOS ANGELES, Mar 07, 2013 (BUSINESS WIRE)
-- The Digital Cinema Distribution Coalition (DCDC)
announced today that it has reached agreements with
Lionsgate, Universal Pictures, The Walt Disney Company,
Warner Bros. Entertainment Inc. and Paramount Pictures
to provide each with theatrical digital delivery services
across North America. DCDC, formed by AMC Theatres,
Regal Entertainment Group, Cinemark Theatres, Universal
Pictures and Warner Bros., has created a network for
next generation satellite and terrestrial digital
distribution capable of supporting feature, promotional,
pre-show and live content distribution into theatres
using the latest in digital distribution technologies.
The network is designed to provide a highly reliable
and cost effective distribution model for distributors
and exhibitors alike. As digital distribution replaces
the use of traditional, physical media for content
distribution, users of the network will have access
to a host of delivery options and resources.
on behalf of DCDC, Randolph Blotky stated, "DCDC's
service platform is the state of the art for digital
delivery of various kinds of content to theatres in
North America. Its business model will assure long-term
consistent low cost pricing to content providers and
exhibitors across the industry. We are very excited
to welcome Warner Bros. Entertainment, Lionsgate,
The Walt Disney Company, Universal Pictures and Paramount
Pictures to our service."
Antonellis, President, Technical Operations, and Chief
Technology Officer, Warner Bros. Entertainment added,
"The vision of creating a cross-industry distribution
service to benefit distributors, exhibitors, service
providers and consumers is becoming a reality. We're
extremely pleased to be working with our colleagues
to bring to fruition a powerful distribution network
that is advantageous for us all."
Rocco, President, Universal Pictures Distribution,
added, "With the majority of the domestic theatrical
market now digital, the ability to efficiently distribute
films via satellite to a large subset of our exhibitor
partners will further ensure moviegoers have access
to the latest and highest quality theatrical entertainment.
Universal is excited to work with DCDC in the satellite
delivery of our films, as it rolls out its satellite
platform over the coming months."
new satellite service provides a seamless and secure
system that will enable us to streamline and expedite
access to our latest content," said Dave Hollis,
Executive Vice President, Theatrical Exhibition Sales
and Distribution, The Walt Disney Studios. "This
is a crucial advancement in theatrical distribution,
and we're thrilled to be on board."
wide-spread adoption of DCDC's platform is a game-changer,"
said Dan Fellman, President, Domestic Distribution,
Warner Bros. Pictures. "The service ensures that
audiences have the most high-quality entertainment
experience while exhibitors and content providers
achieve a strategic, secure and cost-effective new
business model. We are very pleased to join DCDC and
our partner studios in this initiative."
are pleased that Lionsgate can again be at the forefront
of digital cinema and be part of the state of the
art digital delivery system that will benefit the
entire industry," said Richie Fay, Lionsgate's
President of Domestic Theatrical Distribution.
of us at Paramount believe the advancement of digital
distribution technologies will help to further our
goal to bring the finest entertainment to audiences
in a seamless and secure manner, and the DCDC will
be a great partner for us to achieve that goal,"
said Megan Colligan, Paramount Pictures' President
of Domestic Marketing and Distribution.
is creating a technological superhighway," said
Tim Warner, CEO and President, Cinemark Theatres.
"It's one port access to thousands of screens,
for both movies and alternative content, from all
is expected to complete the initial network roll-out
before year-end. Deluxe/EchoStar LLC will be providing
operations support for the DCDC network.
Warner Bros. Entertainment:
Bros. Entertainment is a global leader in all forms
of entertainment and their related businesses across
all current and emerging media and platforms. A Time
Warner Company, the fully integrated, broad-based
Studio is home to one of the most successful collections
of brands in the world and stands at the forefront
of every aspect of the entertainment industry from
feature film, television and home entertainment production
and worldwide distribution to Blu-ray and DVD, digital
distribution, animation, comic books, video games,
product and brand licensing and broadcasting.
Pictures is a division of Universal Studios (www.universalstudios.com).
Universal Studios is part of NBCUniversal. NBCUniversal
is one of the world's leading media and entertainment
companies in the development, production and marketing
of entertainment, news and information to a global
audience. NBCUniversal owns and operates a valuable
portfolio of news and entertainment networks, a premier
motion picture company, significant television production
operations, a leading television stations group and
world-renowned theme parks. Comcast Corporation owns
a controlling 51% interest in NBCUniversal, with GE
holding a 49% stake.
The Walt Disney Company:
Walt Disney Company, together with its subsidiaries
and affiliates, is a leading diversified international
family entertainment and media enterprise with five
business segments: media networks, parks and resorts,
studio entertainment, consumer products and interactive.
Disney is a Dow 30 company and had annual revenues
of about $42.3 billion in its last fiscal year.
is a leading global entertainment company with a strong
and diversified presence in motion picture production
and distribution, television programming and syndication,
home entertainment, family entertainment, digital
distribution, new channel platforms and international
distribution and sales. Its feature film business
has been fueled by such recent successes as the blockbuster
first installment of The Hunger Games franchise, the
13th highest-grossing domestic release of all time,
The Twilight Saga: Breaking Dawn - Part 2, which has
grossed more than $800 million at the worldwide box
office, Warm Bodies, Texas Chainsaw 3D, The Expendables
2, The Possession, Sinister, The Cabin in the Woods
and Arbitrage. With the January 2012 acquisition of
Summit Entertainment, the Company has now added the
blockbuster Twilight Saga franchise, which has grossed
more than $3.3 billion at the worldwide box office,
to its current slate, giving the Company the two premier
young adult franchises in the world. The Lionsgate
and Summit brands remain synonymous with original,
daring, quality entertainment in markets around the
Paramount Pictures Corporation:
Pictures Corporation (PPC), a global producer and
distributor of filmed entertainment, is a unit of
Viacom VIA +0.75% VIAB +0.85% , a leading content
company with prominent and respected film, television
and digital entertainment brands. Paramount controls
a collection of some of the most powerful brands in
filmed entertainment, including Paramount Pictures,
Paramount Animation, Paramount Vantage, Paramount
Classics, Insurge Pictures, MTV Films, and Nickelodeon
Movies. PPC operations also include Paramount Famous
Productions, Paramount Home Media Distribution, Paramount
Pictures International, Paramount Licensing Inc.,
and Paramount Studio Group.
Digital Cinema Distribution Coalition