Overview

• Arena SNK Studios formally launched with Erik Feig as CEO, following initial reporting by Puck and confirmations in industry trades.
• Backing is described as around $1 billion from Saudi-linked investors including MBC Group and SNK, with The Hollywood Reporter noting a step investment structure tied to milestones.
• The studio plans to develop franchises rooted in video games, anime and related fan communities, alongside globally staged experiential events.
• The board is chaired by Saudi businessman Majid Al‑Ibrahim and includes Sean Bailey, Andreessen Horowitz partner Andrew Chen and Epic Games creative chief Charlie Wen.
• Feig will remain executive chairman of Picturestart, which continues as a standalone company separate from the new studio.