#Waxword: A $1 billion investment backed by Saudi ruler Mohammed bin Salman represents the Kingdom's first major move to create a conventional entertainment studio, essentially owned by bin Salman. TheWrap Founder and Editor-in-Chief sharonwaxman takes a long view of Hollywood's changing relationship with the Saudi Arabian state, exemplified by the recent controversy over the Riyadh Comedy Festival. Where is that relationship headed? What kind of entertainment is the Saudi regime aiming to create? And how does bin Salman's record on human rights impact the future? Photos: Win McNamee/Getty Images/Dewey Nicks/Brendan Smialowski/AFP Read (much) more at the link in bio.