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RatPac Entertainment was an American motion picture production and financing company owned by producer-director Brett Ratner and Access Entertainment. RatPac was founded by Ratner and billionaire James Packer. RatPac is a partner in RatPac-Dune Entertainment with Dune Entertainment.

RatPac Entertainment, LLC
Subsidiary
IndustryMotion pictures financing and production
Television
FoundedDecember 2012
FounderBrett Ratner
James Packer
DefunctApril 2018
Headquarters
Area served
Worldwide
Key people
  • Brett Ratner (CEO, co-chairman)
  • Danny Cohen (co-chairman)
OwnerAccess Entertainment (controlling stake)
Brett Ratner
DivisionsRatPac Television
SubsidiariesRatPac-Dune Entertainment, LLC
Websiteratpacentertainment.com

Contents

HistoryEdit

RatPac Entertainment was formed in 2012 by Brett Ratner and billionaire James Packer.

RatPac-Dune Entertainment LLC was formed in September 2013 by RatPac and Dune with a four-year, 75 motion picture co-financing arrangement with Warner Bros..[2] In December 2013, RatPac signed a deal starting as of January 1, 2014 to finance films as part of a production deal between Plan B Entertainment and New Regency. In April 2017, RatPac became a subsidiary of Access Entertainment with its purchase of James Packer's ownership share.[2] In April 2018, Warner Bros. announced that they were cutting ties with the company after Brett Ratner's sexual harassment allegations with Rampage as the final film to be co-financed by the company with Warner Bros., and also the final film produced by RatPac overall.[3]

Television seriesEdit

Dune EntertainmentEdit

Dune Entertainment was led by Steven Mnuchin and had been co-financing Fox films since 2006.[4][5][6][7] On March 17, 2006, Viacom agreed to sell a controlling interest in the DreamWorks Pictures live-action film library to Soros Strategic Partners and Dune Entertainment II.[8] The sale was completed on May 8, 2006.[9] The company is the result of a 2013 joint venture between RatPac Entertainment and Dune Entertainment, following a collapse in negotiations between Dune and 20th Century Fox – which led the company to close a deal with Warner Bros. instead, replacing Legendary Pictures as Warner's key co-financing partner.[4][7][10]

Dune filmsEdit

Produced with 20th Century Fox, Fox Searchlight Pictures and Fox 2000 Pictures as Dune Entertainment, Dune Entertainment LLC or Dune Entertainment III LLC.

RatPac-Dune EntertainmentEdit

RatPac-Dune Entertainment, LLC is a film financing company which is a joint venture of RatPac Entertainment and Dune Entertainment.

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..[2][11] 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.[12] In April 2018, Warner Bros. announced that they will not renew its contract with RatPac-Dune Entertainment after Brett Ratner's sexual harassment allegations.[3] In November 2018, RatPac-Dune's minority ownership stake in a library of 76 Warner Bros. films was put for sale, with investors in the fund backing the library to cash out.[13] Vine Alternative Investments made a high bid for the library, but in January 2019, Warner Bros. exercised its rights to match the bid for the library, and essentially acquired RatPac-Dune's stakes. The cost was estimated at nearly $300 million.[14]

RatPac-Dune filmsEdit

The 75-picture deal is passively covering all movies outside of other production financing deals including those with Village Roadshow Pictures, Gulfstream and Alcon Entertainment and all Harry Potter films.[12] The deal is passive both financially and creatively as RatPac-Dune will not select which films to finance nor have any creative say over the films.[15]

Financed with Warner Bros.
Financed with Regency Enterprises
Financed with Universal Pictures
Financed with Sony Pictures Entertainment
Financed with RKO Pictures
Financed as RatPac Documentary Films

ReferencesEdit

  1. ^ Butler, Andy (July 17, 2014). "Ratpac Entertainment Logo by Chermayeff & Geismar & Haviv". Design Boom. Retrieved May 22, 2015.
  2. ^ a b c Hipes, Patrick (April 18, 2017). "Len Blavatnik's Access Acquires RatPac Entertainment Stake". Deadline Hollywood. Retrieved April 24, 2017.
  3. ^ a b Lopez, Ricardo (2018-04-11). "Warners Bros. Cuts Final Ties With Brett Ratner, Won't Renew $450-Million Co-Financing Deal". Variety. Retrieved 2018-07-18.
  4. ^ a b Lewis, Hilary (October 2, 2014). "Dune Capital's Steven Mnuchin Takes Stake in Relativity, Becomes Co-Chairman". The Hollywood Reporter. Retrieved May 22, 2015.
  5. ^ McNary, Dave (September 30, 2013). "Warner Bros. Closes Financing Deal With Dune, Brett Ratner, James Packer". Variety. Retrieved May 22, 2015.
  6. ^ McNary, Dave (October 27, 2014). "Brett Ratner's RatPac Closes on $150 Million Credit Line for Warner Bros. Titles". Variety. Retrieved May 22, 2015.
  7. ^ a b Shaw, Lucas (November 26, 2013). "RatPac-Dune Secures $300M in Credit to Fund Warner Bros. Films". TheWrap. Retrieved May 22, 2015.
  8. ^ "Viacom to Sell DreamWorks Film Library". AP. March 18, 2006 – via The New York Times.
  9. ^ Viacom to Sell DreamWorks Film Library. Associated Press. March 18, 2006. Retrieved on July 20, 2009.
  10. ^ Siegel, Tatiana; Belloni, Matthew (July 9, 2013). "Warner Bros. Closing Massive Financing Deal With Dune to Replace Legendary (Exclusive)". The Hollywood Reporter. Retrieved May 22, 2015.
  11. ^ Miller, Daniel (September 30, 2013). "Warner Bros. strikes financing deal with Dune, Ratner". Los Angeles Times. Retrieved April 26, 2017.
  12. ^ a b c d Block, Alex Ben (November 26, 2013). "Brett Ratner's RatPac-Dune Closes $300 Million Credit Facility to Fund Warner Bros. Films". The Hollywood Reporter. Retrieved April 26, 2017.
  13. ^ Jr, Mike Fleming (November 15, 2018). "RatPac Dune's Warner Bros Film Library Sale: Who Wants Piece Of 'Wonder Woman,' 'American Sniper' & 'Gravity'?". Deadline. Retrieved January 14, 2019.
  14. ^ Jr, Mike Fleming (January 2, 2019). "Warner Bros Exercises Matching Rights To Win RatPac Dune Library: $290M-$300M". Deadline. Retrieved January 14, 2019.
  15. ^ Shaw, Lucas (September 30, 2013). "Warner Bros. Recruits Dune, Brett Ratner's Rat-Pac to Finance Its Movies". TheWrap. Retrieved May 22, 2015.
  16. ^ a b "Warner Bros., Brett Ratner Sever Ties Amid Harassment Claims". The Hollywood Reporter.
  17. ^ Gerard, Jeremy (May 13, 2016). "HBO's Docu 'Bright Lights: Starring Carrie Fisher And Debbie Reynolds' – Cannes Video". Deadline Hollywood. Retrieved December 30, 2016.

External linksEdit