Australian media scion James Packer is getting into the Brett Ratner business. The billionaire will personally back film development, production and finance company, RatPac Entertainment. Ratner and Packer are looking to produce and finance independent films and co-finance “blockbusters” with studio partners. Two projects have been identified to be co-financed, although details have yet to be disclosed. “We intend to build a major independent film company which not only has the ability to fully finance its films, but which also offers creative independence for its filmmakers,” Ratner said in a statement that was short on information. Packer is the chairman of Oz-based gaming and entertainment company Crown Limited. He is the son of the late Australian media tycoon Kerry Packer. In October, his Consolidated Media Holdings voted in favor of a $2.1B takeover bid by News Corp.
- Arts & Entertainment
- finance company