EXCLUSIVE: Already teamed with Dune’s Steven Mnuchin on a $450 million deal to co-finance the entire slate of Warner Bros films, RatPac Entertainment partners Brett Ratner and James Packer have made a deal with the studio to develop, produce and co-finance films at Warner Bros. They will take space on the Warner lot. Where do you put RatPac on that crowded lot? Where else but the headquarters that once belonged to Francis Albert Sinatra himself.
“The offices Frank Sinatra had are the coolest ones ever,” Ratner told me. “As guys who love movie history, James and I appreciate it. Sinatra was there, Joel Silver had them, and Barbra Streisand, Sidney Poitier, Steve McQueen, Paul Newman and Dustin Hoffman had them in the First Artists days. And Steven Spielberg had them too. First thing we’re doing is blowing up a picture of Sinatra, in front of that building.”
You can forgive Ratner for being a bit giddy, but RatPac’s abrupt importance to the film fortunes of Warner Bros is pretty astonishing. He has managed to keep his directing career going (he’s got Dwayne Johnson with the MGM/Paramount pic Hercules), and the first film in the RatPac-Dune slate deal was Gravity, which grossed $716 million worldwide and dropped a big fat windfall on the RatPac Dune venture right out of the gate. (more…)