- Share this article on Facebook
- Share this article on Twitter
- Share this article on Flipboard
- Share this article on Email
- Show additional share options
- Share this article on Linkedin
- Share this article on Pinit
- Share this article on Reddit
- Share this article on Tumblr
- Share this article on Whatsapp
- Share this article on Print
- Share this article on Comment
The fledgling financing arrangement between Warner Bros. and RatPac Entertainment, a partnership between filmmaker Brett Ratner and Australian media chief James Packer will aim to produce movies in China, local media reported.
“There is a globalization play here,” Packer told the Australian Financial Review. “There is a real chance to grab the opportunity in China. In 10 years, the Chinese box office will have overtaken the United States’. I’d like to see my business interests spread out evenly across the U.S., Australia and China,” he said.
PHOTOS: China Box Office: 10 Highest-Grossing Movies of All Time
Packer and Ratner struck a co-financing deal for their RatPac-Dune Entertainment company with Warner Brothers worth $450 million to produce 75 movies over four years, as reported in The Hollywood Reporter.
The deal will allow the consortium to build library assets, and the newspaper quoted a source saying Packer was keen to co-finance Chinese movies.
STORY: Warner Bros. Closes $450 Million Financing Deal With Dune, Brett Ratner’s RatPac
“Anyone can co-finance movies. But to get movies to work in Asia you need to know how things work. It’s more than putting a Chinese actor in the film,” he said. “They have to satisfy their domestic audience.”
Packer has built up a substantial casino business in Macau with Lawrence Ho, Melco Crown, which has a market value of $17 billion. The RatPac will co-finance films, including the Robert De Niro– and Sylvester Stallone-starrer Grudge Match and Gravity, featuring George Clooney and Sandra Bullock.
Other projects include Clint Eastwood‘s Jersey Boys and The Water Diviner.
THR Newsletters
Sign up for THR news straight to your inbox every day