RatPac’s Entire Film Slate On The Block

Ratpacs Entire Film Slate On The Block

A quiet battle is reportedly going on at present for ownership of the 76-film library of RatPac Dune Entertainment with the entire slate being auctioned off.

Warner Bros. Pictures terminated their slate financing deal with RatPac earlier this year, but RatPac still holds minority ownership stakes in almost all of Warners’ tentpoles of the last few years with the notable exception of the “Harry Potter” franchise. Almost everything else though is included from “Wonder Woman” and “Batman v Superman” to “IT,” “Mad Max: Fury Road,” “Dunkirk,” “Edge of Tomorrow,” “Gravity,” “The Man From U.N.C.L.E.,” “Creed,” “American Sniper,” “Inherent Vice,” “Paddington 2,” “Kong: Skull Island,” “Sully,” “The LEGO Movie” and many more.

The first round of bids will be received by week’s end with sources saying it could fetch as much as $250 million for what would be an ownership of 15%-25% of the ongoing revenue from all the films, an amount expected to generate $150 million annually for the next five years.

The buyer will own the cash flow from the library and copyrights in perpetuity. Warner Bros. Pictures reportedly has the right to step in at the end and best the final bid, and also has the right to approve the winner.

RatPac Entertainment was formed in 2012 by filmmaker Brett Ratner and Australian media mogul James Packer, morphing into RatPac-Dune Entertainment in 2013 when they signed a four-year, seventy-five film co-financing arrangement with Warners, replacing Warners’ previous financing partner Legendary Pictures.

Earlier this year Warners announced that they will not renew its contract with RatPac-Dune following the sexual harassment allegations levelled against Ratner, and the Dwayne Johnson-led “Rampage” served as the final film in the deal. Sources indicate this sale is mostly to allow investors in the fund to cash out.

Financial advisor Alan Mnuchin, brother of former RatPac Dune principal Steven Mnuchin who divested his stake when he became U.S. Treasury Secretary, will handle the sale. The full list of films is as follows:

“300: Rise of an Empire,” “A Winter’s Tale,” “American Sniper,” “Annabelle,” “Annabelle Creation,” “Barbershop The Next Cut,” “Batman v Superman,” “Black Mass,” “Blended,” “C.H.I.P.S.,” “Central Intelligence,” “Collateral Beauty,” “Creed,” “Dunkirk,” “Edge of Tomorrow,” “Entourage,” “Everything Everything,” “Fist Fight,” “Focus,” “Geostorm,” “Get Hard,” “Godzilla,” “Godzilla,” “Going in Style,” “Gravity,” “Grudge Match,” “Horrible Bosses 2,” “Hot Pursuit,” “How To Be Single,” “If I Stay,” “In The Heart of the Sea,” “Inherent Vice,” “Into the Storm,” “It,” “Jersey Boys,” “Jupiter Ascending,” “Justice League,” “Keanu,” “King Arthur: Knights of the Roundtable,” “Kong: Skull Island,” “Lights Out,” “Live By Night,” “Mad Max: Fury Road,” “Magic Mike XXL,” “Max,” “Me Before You,” “Midnight Special,” “Night Game,” “Our Brand Is Crisis,” “Paddington 2,” “Pan,” “Ready Player One,” “Run All Night,” “San Andreas,” “Storks,” “Suicide Squad,” “Sully,” “Tammy,” “The 15:17 to Paris,” “The Accountant,” “The Conjuring 2,” “The Intern,” “The Judge,” “The Legend of Tarzan,” “The LEGO Batman Movie,” “The LEGO Movie,” “The LEGO Ninjago Movie,” “The Man From U.N.C.L.E.,” “The Nice Guys,” “The War Horse,” “This Is Where I Leave You,” “Tomb Raider,” “Unforgettable,” “Vacation,” “War Dogs,” “Wonder Woman”.

Source: Deadline