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.
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.”
Said RatPac-Dune’s Mnuchin: “Warner Bros Pictures has an incredible track record of success with the most valuable franchise properties, the best relationships in the creative community and an extremely talented executive team.” Said Ratner and Packer, “We’re excited to be partnering with the company on its film slate and look forward to a long and mutually beneficial relationship.”