Kuwait-backed movie theme park loses Hollywood partner

KUWAIT: A Kuwait-backed movie theme park planned for southern England has parted ways with its Hollywood movie partner. London Resort Company Holdings (LRCH) launched plans for the London Paramount Entertainment Resort in October 2012. Located on an 872-acre site on Kent’s Swanscombe peninsula, around 17 minutes by train from central London, the $3.2 billion project included a partnership with Paramount Pictures. But the Kent Online news website reported on Tuesday that the partnership had ended, after the two sides were unable to agree right of usage for Paramount’s films (the studio produced such blockbusters as Star Trek, Mission: Impossible, Titanic, Transformers and The Godfather but its unclear what films were discussed as possible material for the park.) LRCH announced the split in a statement released to the press. “Today, London Resort Company Holdings Limited and Paramount Licensing Inc. have jointly agreed to discontinue the license agreement for the proposed entertainment resort,” the press statement said.

LRCH was bought by the Kuwaiti European Holding (KEH) Group in 2013, which has been financing the firm ever since. The Kuwaiti firm has invested around $75 million in the development of the project, reported. KentOnline reported that LRCH has approach other major movie studios to replace Paramount. The also has a number of other agreements in place, including a deal with BBC Worldwide, the British broadcaster behind brands such as Doctor Who, Top Gear and Sherlock and Aardman Animations, the animator behind films and television shows such as Chicken Run and Wallace and Gromit.

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