Allied Stars Ltd. was a film production company created by Egyptian businessman Mohamed Al-Fayed in 1979. The firm was dissolved on March 3, 2020. [1]
The company was formed as a subsidiary of United Star Shipping, part of the Fayed group. [2] Al-Fayed appointed his son, Dodi Fayed as the chief executive. [3] Allied Star's first production was the 1980 British film Breaking Glass , which starred Hazel O'Connor. The next production backed by Allied Stars was the drama Chariots of Fire , in which Al-Fayed invested £3 million and purchased a 25% stake in the film. The film was also financed by Twentieth Century Fox and distributed by Alan Ladd, Jr.'s The Ladd Company. [4]
Before the completion of Chariots of Fire, Al-Fayed sold his stake for a share of the profits if the film succeeded. [3] The film was a huge success and earned Allied Stars $6 million.
Keith Allen's 2011 documentary on the death of Diana, Princess of Wales, Unlawful Killing , was funded by Al-Fayed at a cost of £2.5 million, and produced by Allied Stars.