RatPac Entertainment

RatPac Entertainment, LLC is an American media and entertainment company that finances and produces motion pictures, television, documentaries, live theater, and podcasts, owned by Brett Ratner and James Packer.[2]

RatPac Entertainment, LLC
TypeLLC
IndustryMotion pictures
Television
Founded2013
FoundersBrett Ratner
James Packer
Headquarters
Area served
Worldwide
Key people
Brett Ratner (CEO)
OwnerBrett Ratner
James Packer
DivisionsRatPac Television
RatPac Documentary Films
Websiteratpacentertainment.com

History

RatPac Entertainment was formed in 2013 by Hollywood director and producer Brett Ratner and media and media and resort billionaire James Packer.

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[3][4]

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.[5]

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 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.[6]

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.[7][8] 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.[9] 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.[10] 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.[11]

RatPac Films

The 75-picture deal passively covered all movies outside of other production financing deals including those with Village Roadshow Pictures, Gulfstream and Alcon Entertainment and all Harry Potter films.[9]

Financed with Warner Bros. and Dune Entertainment
Under Access Entertainment
Financed with Regency Enterprises and 20th Century Fox
Financed with Universal Pictures
Financed with Sony Pictures Entertainment
Financed with RKO Pictures
Financed with A24, under Access Entertainment

RatPac Documentary Films

RatPac Television

References

  1. Butler, Andy (July 17, 2014). "Ratpac Entertainment Logo by Chermayeff & Geismar & Haviv". Design Boom. Archived from the original on November 13, 2015. Retrieved May 22, 2015.
  2. Pomerantz, Dorothy. "James Packer's Next Big Gamble Is On Hollywood". Forbes. Archived from the original on 2022-12-10. Retrieved 2022-12-08.
  3. McNary, Dave (2013-09-30). "Warner Bros. Closes Financing Deal With Dune, Brett Ratner, James Packer". Variety. Archived from the original on 2022-12-18. Retrieved 2022-12-08.
  4. Press, Australian Associated (2017-04-19). "James Packer sells his stake in Hollywood film company RatPac". the Guardian. Archived from the original on 2022-12-10. Retrieved 2022-12-08.
  5. 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". Deadline. Archived from the original on 2018-04-04. Retrieved 2022-12-10.
  6. Schwartzel, Erich; Otani, Akane (February 4, 2021). "Reddit's WallStreetBets Founder Sells Life Story to Movie Producer RatPac Entertainment". The Wall Street Journal. ISSN 0099-9660. Archived from the original on February 5, 2021. Retrieved March 20, 2021.
  7. Hipes, Patrick (April 18, 2017). "Len Blavatnik's Access Acquires RatPac Entertainment Stake". Deadline Hollywood. Archived from the original on April 23, 2017. Retrieved April 24, 2017.
  8. Miller, Daniel (September 30, 2013). "Warner Bros. strikes financing deal with Dune, Ratner". Los Angeles Times. Archived from the original on June 12, 2017. Retrieved April 26, 2017.
  9. Block, Alex Ben (November 26, 2013). "Brett Ratner's RatPac-Dune Closes $300 Million Credit Facility to Fund Warner Bros. Films". The Hollywood Reporter. Archived from the original on April 3, 2017. Retrieved April 26, 2017.
  10. Fleming, Mike Jr. (November 15, 2018). "RatPac Dune's Warner Bros Film Library Sale: Who Wants Piece Of 'Wonder Woman,' 'American Sniper' & 'Gravity'?". Deadline. Archived from the original on June 15, 2022. Retrieved January 14, 2019.
  11. Fleming, Mike Jr. (January 2, 2019). "Warner Bros Exercises Matching Rights To Win RatPac Dune Library: $290M-$300M". Deadline. Archived from the original on January 5, 2019. Retrieved January 14, 2019.
  12. Fleming, Mike Jr. (November 15, 2018). "RatPac Dune's Warner Bros Film Library Sale: Who Wants Piece Of 'Wonder Woman,' 'American Sniper' & 'Gravity'?". Deadline Hollywood. Archived from the original on June 15, 2022. Retrieved June 15, 2022.
  13. "Warner Bros., Brett Ratner Sever Ties Amid Harassment Claims". The Hollywood Reporter. Archived from the original on 2017-12-08. Retrieved 2017-12-08.
  14. Gerard, Jeremy (May 13, 2016). "HBO's Docu 'Bright Lights: Starring Carrie Fisher And Debbie Reynolds' – Cannes Video". Deadline Hollywood. Archived from the original on December 29, 2016. Retrieved December 30, 2016.
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