Brett Ratner took a few minutes away from directing Dwayne Johnson in the MGM/Paramount film Hercules: The Thracian Wars to talk about being in the center of a herculean $450 million slate financing deal that RatPac-Dune Entertainment finally closed with Warner Bros. It is an arrangement that will cover as many as 75 of the biggest films made by Warner Bros and New Line for the next few years.
Ratner tells me that this is a straight financing deal, but one that will allow and his RatPac-Dune partners James Packer and Steven Mnuchin to build library assets. It is just one piece of what could become a very interesting puzzle. Ratner said that Packer, son of the late media mogul Kerry Packer, got out of the media holdings that were his father’s preoccupation and instead has put his money in a number of ventures that include casinos in Macau. That whetted his appetite for investing in China’s fast-growing film business.
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“Part of our strategy will be to expand into China, to co-finance Chinese movies and films that not only work around the world but Asia in particular,” Rather told me. “We are already developing some movies we feel will work in the Asian market.” READ MORE »
As Deadline reported in the summer, Warner Bros Pictures has found its replacement to fill the void left when Thomas Tull moved Legendary Pictures down the road to Universal. RatPac-Dune Entertainment has made a multi-year agreement to co-finance as many as 75 upcoming titles at up to $450 million. The announcement was made today by Warner Bros CEO Kevin Tsujihara and by Steven Mnuchin, Brett Ratner and James Packer of RatPac-Dune Entertainment, the film finance vehicle formed by Mnuchin and RatPac Entertainment to co-finance the Warner Bros Pictures slate.
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The co-fi deal starts with the October 4 release Gravity, and the December 25 release Grudge Match. The studio laid off risk in the past with Village Roadshow Pictures and Legendary.
“We are very pleased to be entering into this relationship with RatPac-Dune Entertainment,” said Tsujihara. “This agreement gives us increased strength and flexibility in the motion picture division and an even greater ability to manage risk as we continue to produce high-quality filmed entertainment for the global audience. We look forward to working with their team as we move forward in this exciting new partnership with a truly great organization.” Read More »