James Packer Sells Stake in RatPac Entertainment to Len Blavatnik’s Access Entertainment
Access Entertainment, a part of Len Blavatnik’s Access Industries, has acquired James Packer’s stake in RatPac Entertainment.
Brett Ratner will keep his stake in the company and will continue as CEO while also becoming co-chairman alongside Danny Cohen, president of Access Entertainment and former director of BBC Television, according to a press release on KTVN.
The investment gives Access ownership of RatPac’s film, television and documentary business, along with a major piece of the RatPac-Dune venture that co-finances films for Warner Bros. Pictures.
Packer and Ratner founded RatPac Entertainment in 2013, and their co-financed films have been nominated for 52 Academy Awards, 39 BAFTAs, 23 Golden Globes, five Emmys and have won 22 Academy Awards, 17 BAFTAs and seven Golden Globes.
In 2013, the company partnered with Dune Entertainment on a multi-year motion picture co-financing agreement with Warner Bros. for up to 75 pictures, which included films like “The Conjuring 2,” “Gravity,” “The LEGO Movie,” “American Sniper,” “Batman v Superman: Dawn of Justice,” “Suicide Squad” and “King: Skull Island,” as well as the upcoming “Wonder Woman,” “Justice League” and Stephen King’s “It.”
RatPac has previously also partnered with New Regency on films including “Birdman” and “The Revenant.”
More to come…
Source: The Wrap