Access Entertainment buys James Packer stake in RatPac
Hollywood investment gives Len Blavatnik piece of Warner Bros co-fi business.
Len Blavatnik’s Access Industries division Access Entertainment has acquired James Packer’s stake in RatPac Entertainment.
The investment gives Blavatnik ownership of RatPac’s film, television and documentary business alongside Brett Ratner, as well as a considerable piece of the RatPac-Dune venture that co-finances films for Warner Bros.
Ratner will retain his interest in RatPac Entertainment, remain as CEO and become co-chairman alongside Access Entertainment president and former BBC Television director Danny Cohen.
Australian businessman Packer’s exit from Hollywood is the second departure from the fold after Us treasury secretary Steve Mnuchin divested himself of his Hollywood interests upon taking office earlier in the year. They include RatPac-Dune Entertainment and Dune Capital Entertainment.
Ratner and Packer launched RatPac Entertainment in 2013 and partnered with Dune Entertainment on a multi-year film co-financing arrangement with Warner Bros for up to 75 pictures including films such as the upcoming...
Len Blavatnik’s Access Industries division Access Entertainment has acquired James Packer’s stake in RatPac Entertainment.
The investment gives Blavatnik ownership of RatPac’s film, television and documentary business alongside Brett Ratner, as well as a considerable piece of the RatPac-Dune venture that co-finances films for Warner Bros.
Ratner will retain his interest in RatPac Entertainment, remain as CEO and become co-chairman alongside Access Entertainment president and former BBC Television director Danny Cohen.
Australian businessman Packer’s exit from Hollywood is the second departure from the fold after Us treasury secretary Steve Mnuchin divested himself of his Hollywood interests upon taking office earlier in the year. They include RatPac-Dune Entertainment and Dune Capital Entertainment.
Ratner and Packer launched RatPac Entertainment in 2013 and partnered with Dune Entertainment on a multi-year film co-financing arrangement with Warner Bros for up to 75 pictures including films such as the upcoming...
- 4/18/2017
- by jeremykay67@gmail.com (Jeremy Kay)
- ScreenDaily
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