ENTERTAINMENT

Disney to License Products in Saudi Arabia: Walt Disney Co. said it has reached a joint venture agreement to license its products through Saudi Arabia-based CTC Consumer Products, a division of Contracting & Trading Co. Under the agreement, CTC Consumer Products will be the exclusive licensee for Disney products for Saudi Arabia and will later be allowed to move into the other Persian Gulf states. The joint venture allows the Saudi company to use Disney properties on books and magazines, character merchandise, children’s music and in retail advertising and promotions.