Arab Today, arab today australia\s packer signs megadeal with warner bros
Last Updated : GMT 16:24:37
Arab Today, arab today
Arab Today, arab today

Australia\'s Packer signs mega-deal with Warner Bros

Arab Today, arab today

Arab Today, arab today Australia\'s Packer signs mega-deal with Warner Bros

Sydney - AFP

A consortium led by Australian billionaire James Packer and US director Brett Ratner has struck a reported $450 million co-financing deal with Warner Brothers to cover the production of 75 movies. Casino mogul Packer said the multi-year arrangement with his investment vehicle RatPac-Dune Entertainment was effective immediately. It covers upcoming releases including \"Gravity\" with George Clooney and Sandra Bullock, \"Grudge Match\" starring Robert de Niro and Sylvester Stallone as well as projects with Clint Eastwood (\"Jersey Boys\") and Russell Crowe (\"The Water Diviner\"). \"This is certainly not the dumbest thing I\'ve ever done. Whether it works perfectly is another question,\" Packer told the Australian Financial Review on Tuesday, speaking about his new direction. Since his father Kerry\'s death in 2005, Packer has shifted the family business away from its traditional media operations and focused on creating Crown, a worldwide gambling empire. He operates casinos in Melbourne, Perth and Macau and is planning complexes in Manila and Sri Lanka, with Japan also in his sights. As well as developing his US business interests, Packer said he hoped to tap into the booming Chinese entertainment market through Rat-Pac Dune, whose third partner is Dune Entertainment boss Steven Mnuchin. \"There is a globalisation play here,\" he told the newspaper. \"There is a real chance to grab the opportunity in China. In 10 years\' time, the Chinese box office will have overtaken the United States. \"I\'d like to see my business interests spread out evenly across the US, Australia and China.\" In a statement, Warner Bros chief executive Kevin Tsujihara said the deal covers films from all genres and budgets. No figure was put on its worth although the Financial Review said it was $450 million. \"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,\" Tsujihara said. \"We look forward to working with their team as we move forward in this exciting new partnership with a truly great organisation.\" Ratner, best known for directing such hits as the \"Rush Hour\" trilogy, said that, like Packer, he was also keen to branch out beyond Hollywood films into the lucrative Chinese entertainment industry. \"James is very savvy about Asia and understands the culture,\" Ratner told the newspaper.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australia\s packer signs megadeal with warner bros Arab Today, arab today australia\s packer signs megadeal with warner bros

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australia\s packer signs megadeal with warner bros Arab Today, arab today australia\s packer signs megadeal with warner bros

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday