RatPac Entertainment, LLC is an American motion picture production company owned by producer-director Brett Ratner. RatPac was founded by Ratner and billionaire James Packer. RatPac is a partner in RatPac-Dune Entertainment with Dune Entertainment.
History
RatPac Entertainment was formed in 2012 by Brett Ratner and billionaire James Packer. RatPac-Dune Entertainment LLC was formed in September 2013 by RatPac and Dune with a four-year, 75 motion picture co-financing arrangement with Warner Bros.. 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. In April 2017, RatPac became a subsidiary of Access Entertainment with its purchase of James Packer's ownership share. In April 2018, Warner Bros. announced that they were cutting ties with the company after Ratner's sexual harassment allegations with Rampage as the final film to be co-financed by the company with Warner Bros., and also the final film produced by RatPac overall.
Television series
Rush Hour
Dune Entertainment
Dune Entertainment was led by Steven Mnuchin and had been co-financing Fox films since 2006. On March 17, 2006, Viacom agreed to sell a controlling interest in the DreamWorks Pictureslive-action film library to Soros Strategic Partners and Dune Entertainment II. The sale was completed on May 8, 2006. The company is the result of a 2013 joint venture between RatPac Entertainment and Dune Entertainment, following a collapse in negotiations between Dune and 20th Century Fox – which led the company to close a deal with Warner Bros. instead, replacing Legendary Pictures as Warner's key co-financing partner.
RatPac-Dune Entertainment, LLC is a film financing company which is a joint venture of RatPac Entertainment and Dune Entertainment. 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.. 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. In April 2018, Warner Bros. announced that they will not renew its contract with RatPac-Dune Entertainment after Brett Ratner's sexual harassment allegations. 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. 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.
RatPac-Dune 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. The deal was passive both financially and creatively as RatPac-Dune did not select which films to finance nor had any creative say over the films. ;Financed with Warner Bros.
