Saudi prince and pop star in mega deal
1996 - Prince Al Waleed Bin Talal confirmed his latest headline-grabbing deal, a multi-million dollar show business joint venture with American pop star Michael Jackson. Al Waleed, Saudi Arabia’s biggest investor, said in a statement from his head office in Riyadh that the business would be called Kingdom Entertainment. The name derives from Kingdom Establishment, the Prince’s main investment vehicle through which he has amassed a business empire that includes banks, theme parks, telecommunications, hotels and other property throughout the world. One of the first joint activities of the new company will be to sponsor Jackson’s world “History Tour”. Kingdom Entertainment planned to pursue investments and development projects around the world.
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1932 - Sydney Harbor Bridge in Australia officially opens.
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1970 - Heads of government of West and East Germany meet for the first time in Erfurt.
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1993 - Georgia shoots down a Russian warplane.
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