Director Woody Allen is likely to make his next film in Spain. EPA
Director Woody Allen is likely to make his next film in Spain. EPA
Director Woody Allen is likely to make his next film in Spain. EPA
Director Woody Allen is likely to make his next film in Spain. EPA

Woody Allen to return to filmmaking with Spanish producer Mediapro


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Woody Allen is set to return to filmmaking with backing from Spanish producers Mediapro, and is likely to make his next film in Spain.

Variety magazine reports that Mediapro, which previously worked with Allen on Vicky Cristina Barcelona and Midnight in Paris, the director's highest-grossing film to date, has signed a development deal with Allen.

No details of any specific project have been released, but Spanish newspaper El País reports that Allen's sister and long-term producer Letty Aronson has been scouting locations in the Basque city of San Sebastian, and meeting with local officials.

The reports come two weeks after Allen launched legal action against Amazon, claiming the tech giant had broken a four-film deal it had signed in 2017. Amazon have not as yet released A Rainy Day in New York, the first in the projected four-film agreement.

Jennifer Salke, CEO of Amazon Studios, subsequently said in an interview with the New York Times: "We don't have any plans to release any Woody Allen movies."

A Rainy Day in New York, which stars Timothee Chalamet, Elle Fanning and Jude Law, became bogged down in controversy after an article by Allen's adoptive daughter Dylan Farrow titled "Why has the #MeToo revolution spared Woody Allen?" appeared in the LA Times in December 2017, accusing the director of sexual abuse. A number of Allen collaborators, including Chalamet, Rebecca Hall, Greta Gerwig and Colin Firth publicly disassociated themselves from the director. Chalamet donated his salary to charity, saying: "I don't want to profit from my work on the film."

Allen has been defended by others though, including Vicky Cristina Barcelona star Javier Bardem, who said in 2018: "I don't agree with the public lynching that he's been receiving, and if Woody Allen called me to work with him again I'd be there tomorrow morning. He's a genius." Allen's son Moses Farrow has also spoken out in defence of his father.

In a statement to the New York Times, Mediapro said: "We have a 10-year relationship with Mr Allen and, like all projects we produce, we judge the creator by its work."

How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

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Rating: 3/5