RatPac Entertainment explained

RatPac Entertainment, LLC
Type:Private
Predecessor:Rat Entertainment
Dune Entertainment
Successor:Access Entertainment
Founders:Brett Ratner
James Packer
Hq Location City:Los Angeles, California, U.S.
Area Served:Worldwide
Key People:Brett Ratner (CEO)
Industry:Motion pictures
Television
Owner:Brett Ratner
James Packer
Divisions:RatPac Television
RatPac Documentary Films

RatPac Entertainment, LLC is an American media and entertainment company that finances and produces motion pictures, television, documentaries, live theater, and podcasts. The company is owned by Brett Ratner and James Packer.[1]

History

Dune Entertainment was a company founded by Steven Mnuchin in 2004.

Mnuchin founded Dune Entertainment as a side business. It financed a number of large-budget films, mostly for 20th Century Fox, including the X-Men film franchise and Avatar.[2] [3] [4] 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 which would be formed into RatPac-Dune Entertainment in 2013; the following year.

Between 2013 and 2018, RatPac-Dune financed many films for Warner Bros., including American Sniper and . Mnuchin was co-chairman of the trio's movie company, Relativity Media, but left seven months before it went bankrupt.[5]

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[6] [7]

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.[8]

RatPac Entertainment has co-financed 81 theatrically released motion pictures exceeding $17 billion in worldwide box office receipts. 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.

In late 2017, Access Entertainment bought Packer's controlling stake in the company. In 2019, Georgetown, directed by Christoph Waltz, was released by Paramount Pictures.[9]

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.[10] The documentary "The New Americans: Gaming a Revolution" directed by Ondi Timoner debuted on Netflix on January 1, 2024.[11]

Dune Entertainment partnership

Dune Entertainment was led by Steven Mnuchin and had been co-financing Fox films since 2006.[12] [13] [14] [15] 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.[16] The sale was completed on May 8, 2006.[17]

Dune Entertainment films

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

RatPac-Dune Entertainment partnership

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. Pictures.[18] [19] 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.[20] 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. Pictures instead, replacing Legendary Pictures as Warner Bros.'s key co-financing partner.[12] [15] [21]

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.[22] 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.[23] The 75-picture deal passively covered all movies including those from another production financing deal with Village Roadshow Pictures, with films from Metro-Goldwyn-Mayer, Legendary Pictures (which include the first 2 MonsterVerse films; Godzilla & as well as & Interstellar), all Alcon Entertainment films between 2014 and 2017 & Fantastic Beasts and Where to Find Them all being exceptions.[20]

RatPac-Dune Entertainment films

Financed with Warner Bros. Pictures
Under Access Entertainment
Financed with Regency Enterprises and 20th Century Fox
Financed with Universal Pictures
Financed with Sony Pictures
Financed with RKO Pictures

RatPac Documentary Films

RatPac Television

Notes and References

  1. Web site: Pomerantz . Dorothy . James Packer's Next Big Gamble Is On Hollywood . 2022-12-08 . Forbes . en . 2022-12-10 . https://web.archive.org/web/20221210013634/https://www.forbes.com/sites/dorothypomerantz/2014/03/03/james-packers-next-big-gamble-is-on-hollywood/ . live .
  2. Web site: Steven Mnuchin, Expected Treasury Pick, Is an Outsider to Public Policy . . November 30, 2016 . December 10, 2016 . Sorkin, Andrew Ross . live . https://web.archive.org/web/20161208192916/http://www.nytimes.com/2016/11/30/business/steven-mnuchin-expected-treasury-pick-is-an-outsider-to-public-policy.html . December 8, 2016 . Andrew Ross Sorkin .
  3. Web site: Rainey . James . Relativity Co-Chairman Steven Mnuchin Quietly Exited Just Before Big Losses . May 11, 2016 . Variety . August 5, 2015 . live . https://web.archive.org/web/20160510052630/http://variety.com/2015/biz/news/relativity-steve-mnuchin-co-chairman-1201557256/ . May 10, 2016 .
  4. News: Izadi . Elahe . Trump's Treasury pick Steven Mnuchin is behind some of Hollywood's biggest movies . . November 30, 2016 . December 27, 2016 . live . https://web.archive.org/web/20161214062847/https://www.washingtonpost.com/news/arts-and-entertainment/wp/2016/11/30/trumps-treasury-pick-steven-mnuchin-is-behind-some-of-hollywoods-biggest-movies/ . December 14, 2016 .
  5. Web site: Sorkin . Andrew Ross . Unlikely Fund-Raiser for Trump and Party (hardcopy) . May 10, 2016 . The New York Times . May 10, 2016 . live . https://web.archive.org/web/20160515113527/http://www.nytimes.com/2016/05/10/business/dealbook/donald-trumps-pick-for-fund-raiser-is-rife-with-contradictions.html . May 15, 2016 .
  6. Web site: McNary . Dave . 2013-09-30 . Warner Bros. Closes Financing Deal With Dune, Brett Ratner, James Packer . 2022-12-08 . Variety . en-US . 2022-12-18 . https://web.archive.org/web/20221218174456/https://variety.com/2013/film/news/warner-bros-closes-financing-deal-with-dune-brett-ratner-james-packer-1200682476/ . live .
  7. Web site: Australian Associated Press . 2017-04-19 . James Packer sells his stake in Hollywood film company RatPac . 2022-12-08 . the Guardian . en . 2022-12-10 . https://web.archive.org/web/20221210013622/https://www.theguardian.com/business/2017/apr/19/james-packer-sells-his-stake-in-hollywood-film-company-ratpac . live .
  8. Web site: Busch . Mike Fleming Jr,Anita . Jr . Mike Fleming . Busch . Anita . 2013-12-11 . Brad Pitt's Plan B Move Unveiled: Moving To Deal With New Regency And RatPac Partners James Packer And Brett Ratner . 2022-12-10 . Deadline . en-US . 2018-04-04 . https://web.archive.org/web/20180404134543/https://deadline.com/2013/12/in-latest-producerstudio-divorce-brad-pitts-plan-b-headed-to-new-regency-650324/ . live .
  9. Web site: 2021-05-11 . GEORGETOWN Trailer: Social Climber Christoph Waltz is More Than He Appears in Paramount Pictures' Drama Movie FilmBook . 2023-12-24 . en-US.
  10. News: Schwartzel . Erich . Otani . Akane . February 4, 2021 . Reddit's WallStreetBets Founder Sells Life Story to Movie Producer RatPac Entertainment . en-US . . subscription . March 20, 2021 . 0099-9660 . February 5, 2021 . https://web.archive.org/web/20210205233035/https://www.wsj.com/articles/reddits-wallstreetbets-founder-sells-life-story-to-movie-producer-ratpac-entertainment-11612440001 . live .
  11. Web site: Wise . Damon . 2023-12-22 . Ondi Timoner Talks About Her Digital Future Doc 'The New Americans: Gaming a Revolution' Ahead Of Netflix Debut; Watch Trailer Here . 2023-12-23 . Deadline . en-US.
  12. Web site: Hilary. Lewis. Dune Capital's Steven Mnuchin Takes Stake in Relativity, Becomes Co-Chairman. The Hollywood Reporter. October 2, 2014. May 22, 2015.
  13. Web site: Dave. McNary. Dave McNary. Warner Bros. Closes Financing Deal With Dune, Brett Ratner, James Packer. Variety. September 30, 2013. May 22, 2015.
  14. Web site: Dave. McNary. Dave McNary. Brett Ratner's RatPac Closes on $150 Million Credit Line for Warner Bros. Titles. Variety. October 27, 2014. May 22, 2015.
  15. Web site: Lucas. Shaw. RatPac-Dune Secures $300M in Credit to Fund Warner Bros. Films. TheWrap. November 26, 2013. May 22, 2015.
  16. Web site: Viacom to Sell DreamWorks Film Library. March 18, 2006. AP. The New York Times.
  17. https://www.nytimes.com/2006/03/18/business/media/18film.html?pagewanted=print Viacom to Sell DreamWorks Film Library
  18. Web site: Hipes . Patrick . April 18, 2017 . Len Blavatnik's Access Acquires RatPac Entertainment Stake . April 24, 2017 . . April 23, 2017 . https://web.archive.org/web/20170423082640/http://deadline.com/2017/04/len-blavatnik-ratpac-entertainment-stake-brett-ratner-1202071393/ . live .
  19. News: Miller . Daniel . September 30, 2013 . Warner Bros. strikes financing deal with Dune, Ratner . . limited . April 26, 2017 . June 12, 2017 . https://web.archive.org/web/20170612014754/http://articles.latimes.com/2013/sep/30/entertainment/la-et-ct-warner-financing-deal-with-dune-ratner-20130930 . dead .
  20. News: Block . Alex Ben . November 26, 2013 . Brett Ratner's RatPac-Dune Closes $300 Million Credit Facility to Fund Warner Bros. Films . en . The Hollywood Reporter . April 26, 2017 . April 3, 2017 . https://web.archive.org/web/20170403073226/http://www.hollywoodreporter.com/news/brett-ratners-ratpac-dune-closes-660509 . live .
  21. Web site: Tatiana. Siegel. Matthew. Belloni. Warner Bros. Closing Massive Financing Deal With Dune to Replace Legendary (Exclusive). The Hollywood Reporter. July 9, 2013. May 22, 2015.
  22. News: Fleming . Mike Jr. . November 15, 2018 . RatPac Dune's Warner Bros Film Library Sale: Who Wants Piece Of 'Wonder Woman,' 'American Sniper' & 'Gravity'? . en . Deadline . January 14, 2019 . June 15, 2022 . https://web.archive.org/web/20220615190407/https://deadline.com/2018/11/ratpac-dune-warner-bros-film-library-auction-wonder-woman-american-sniper-gravity-batman-v-superman-1202502857/ . live .
  23. News: Fleming . Mike Jr. . January 2, 2019 . Warner Bros Exercises Matching Rights To Win RatPac Dune Library: $290M-$300M . en . Deadline . January 14, 2019 . January 5, 2019 . https://web.archive.org/web/20190105201527/https://deadline.com/2019/01/ratpac-dune-library-warner-bros-300-million-dollar-deal-vine-alternative-investments-wonder-woman-batman-vs-superman-dunkirk-american-sniper-1202528281/ . live .
  24. Web site: Warner Bros., Brett Ratner Sever Ties Amid Harassment Claims . The Hollywood Reporter . 2017-12-08 . 2017-12-08 . https://web.archive.org/web/20171208070802/https://www.hollywoodreporter.com/news/brett-ratner-says-hell-step-away-warner-bros-harassment-claims-1054025 . live .
  25. Web site: Gerard . Jeremy . May 13, 2016 . HBO's Docu 'Bright Lights: Starring Carrie Fisher And Debbie Reynolds' – Cannes Video . December 30, 2016 . . December 29, 2016 . https://web.archive.org/web/20161229062117/http://deadline.com/2016/05/hbo-documentary-bright-lights-debbie-reynolds-carrie-fisher-cannes-video-1201755169/ . live .