Access Entertainment, a division of global media group Access Industries, has acquired co-founder James Packer’s stake in RatPac Entertainment.
In partnership with co-founder Brett Ratner, the investment gives Access ownership of RatPac’s film, television and documentary business, along with a major stake of the RatPac-Dune merger.
In 2013, RatPac partnered with Dune Entertainment on a multi-year motion picture co-financing arrangement with Warner Bros.
Ratner will continue serving as RatPac’s CEO and become co-chairman alongside Danny Cohen (pictured), president of Access Entertainment and former director of BBC Television.
Founded in 2013 by Ratner and Packer, RatPac Entertainment’s co-financed films have been nominated for multiple Academy Awards, BAFTAs, Golden Globes, Emmys and Australian Academy Awards. Their docs include Fisher Steven’s Before the Flood; Stevens and Alexis Bloom’s Bright Lights; Andre Singer’s Night Will Fall and Alison Klayman’s The 100 years Show, amongst other titles.
Launching in May 2016, Access Entertainment has developed strategic partnerships with television, film, theater and music companies. They have inked investment deals with BBC Worldwide/Lookout Point on a premium scripted television financing venture, a 25% stake in international television prodco Bad Wolf and a film slate deal with House Productions.
“Warner Bros. is one of the great Hollywood Studios. I have great respect for their leadership and am delighted to be partnering with Kevin Tsujihara and the Studio alongside the unique talent of Brett Ratner. Together we will build on RatPac’s strategic partnership with Warner Bros,” said Len Blavatnik, founder and chairman of Access Industries, in a statement.
Access Entertainment’s representation in the agreement was by Matthew Thompson and his team at Sidley Austin LLP, and RatPac was represented by David Eisman and his team at Skadden, Arps, Slate, Meagher & Flom LLP.