The 75-picture deal passively covered all movies including another production financing deals with Village Roadshow Pictures and Gulfstream, with Alcon Entertainment and all Harry Potter films being exemption. The cost was estimated at nearly $300 million. exercised its rights to match the bid for the library, and essentially acquired RatPac-Dune's stakes. Vine Alternative Investments made a high bid for the library, but in January 2019, Warner Bros. films was put for sale, with investors in the fund backing the library to cash out. In November 2018, RatPac-Dune's minority ownership stake in a library of 76 Warner Bros. On November 26, 2013, RatPac-Dune finalized a $300 million credit facility with a group of banks, led by Bank of America Merrill Lynch, that has an option to be extended to $400 million. RatPac-Dune Entertainment, LLC was formed in September 2013 by RatPac and Dune with a multi-year 75-picture co-financing arrangement with Warner Bros. Mnuchin was co-chairman of the trio's movie company, Relativity Media, but left seven months before it went bankrupt. This formed RatPac-Dune Entertainment, which agreed a financing deal with Warner Bros.īetween 20, RatPac-Dune financed many films for Warner Bros., including American Sniper and Mad Max: Fury Road. In 2012, after Dune's deal with 20th Century Fox ended, Mnuchin worked with the filmmaker Brett Ratner and the Australian businessman James Packer to merge his Dune Entertainment company with Ratner and Packer's newly founded RatPac Entertainment joint venture. It financed a number of large-budget films, mostly for 20th Century Fox, including the X-Men film franchise and Avatar. Mnuchin founded Dune Entertainment as a side business. Dune Entertainment ĭune Entertainment was a company founded by Steven Mnuchin in 2004. In 2021, Reddit r/wallstreetbets founder Jaime Rogozinski sold the rights to his life story to the company following the short squeeze of GameStop's stocks. RatPac's co-financed films have been nominated for 59 Academy Awards, 25 Golden Globes and 43 BAFTAs and have won 25 Academy Awards, 8 Golden Globes and 24 BAFTAs. RatPac Entertainment has co-financed 81 theatrically released motion pictures exceeding $17 billion in worldwide box office receipts. In December 2013, RatPac signed a deal starting as of Januto finance films as part of a production deal between Plan B Entertainment and New Regency. In September 2013, RatPac partnered with Dune Entertainment on a multi-year motion picture co-financing arrangement with Warner Bros., financing over $1 billion for 75 of the studio's films RatPac Entertainment was formed in 2013 by Hollywood director and producer Brett Ratner and media and media and resort billionaire James Packer. RatPac Entertainment, LLC is an American media and entertainment company that finances and produces motion pictures, television, documentaries, live theater, and podcasts, owned by Brett Ratner and James Packer.
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