In a rare and notable development, Gulf nations including Saudi Arabia, Qatar, and the United Arab Emirates have joined forces through their sovereign wealth funds to back a major investment initiative targeting Warner Bros. Discovery, one of the most influential media companies in the United States and globally. This collaborative financial effort highlights the growing international reach of Gulf capital, particularly in high-profile sectors beyond traditional energy markets. The move underscores a strategic shift toward acquiring stakes in global entertainment platforms, potentially expanding soft power while generating long-term financial returns. While the exact size of the investment has not been disclosed, the collective involvement of these wealthy Gulf states signals a coordinated interest in shaping narratives in global media. Such investments may reflect broader economic diversification goals, especially in line with national visions like Saudi Arabia’s Vision 2030, which aims to reduce dependence on oil revenues.
— news from DW
