Hints and tips:
...While Sony and Apollo are providing all of the equity financing to the bid, Legendary Entertainment, an existing Apollo investment that recently released the blockbuster Dune: Part Two, would also form part...
...Apollo last week bought a $760mn stake in Legendary, the Chinese-owned movie studio behind Dune and Godzilla, while Blackstone has committed more than $2bn to building a new production company led by former...
...Last month, Apollo injected $760mn into production house Legendary Pictures, the studio behind Dune and Interstellar....
...Mr Blavatnik’s Access Industries had acquired a stake in Mr Mnuchin’s entertainment company RatPac-Dune in 2017, not long after Mr Mnuchin was confirmed as Treasury secretary....
...More recently, Dune struck a deal with RatPac Entertainment, founded by the Hollywood producer Brett Ratner and James Packer, son of the late Australian billionaire Kerry, to invest in Warner Brothers films...
...Access Entertainment, part of Len Blavatnik’s Access Industries, has picked up the stake, giving the US billionaire ownership of RatPac’s film, TV and documentary business as well as a slice of the RatPac-Dune...
...With a $150m dollar budget, the movie produced by Berlanti Productions and Ratpac-Dune Entertainment, was probably seen as a potential big-earner that would make enough money to support the studio for some...
...The agreement replaces a similar deal Warner Bros had with Legendary Entertainment. RatPac-Dune will not be able to “cherry pick” which films it invests in....
...It would in time also come to be recognised as the progenitor of a new entertainment ecosystem....
...The sale of $750m (£493m, €551m) worth of 10-year notes for a unit of Harrah Entertainment, the largest US casino operator, was priced initially in 2006 at about $99. Then came the credit crisis....
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