Saadi Qaddafi financed his first film - "The Experiment," a remake of a German thriller starring Oscar-winners Adrien Brody and Forest Whitaker – according to a Financial Times report.
Qaddafi is the main backer of production company Natural Selection, which plans to invest $100 million on film projects.
With funding suffering from the U.S. financial crisis, the film industry is looking for other investors. Qaddafi is among a several Middle Eastern investors entering the industry, according to the report.
His foray into Hollywood is noteworthy given the tension between Libya and the West.
"It's something that we've talked about very openly," Matty Beckerman, chief executive of Natural Selection, told the Financial Times. "But we're trying to make good commercial product that has nothing to do with politics and more to do with making great movies."