Erik Feig Dewey Nicks Saudi-backed Arena SNK Studios has launched with former Lionsgate exec Erik Feig at the helm as CEO. The ambitious company, which has close ties to Saudi Crown Prince Mohammed bin Salman, is aiming to develop franchises based on video games, anime, and "related passionate fandom communities". The film and TV outfit is also developing "experiential events around the world". The board is chaired by prominent Saudi businessman Majid Al-Ibrahim, who also sits on the board of MBC Group.