MUMBAI: Fox Filmed Entertainment and Dune Entertainment have extended their relationship with a multi-year theatrical slate financing deal.
The announcement was made by Dean Hallett, FFE Executive Vice President, Finance and Chief Financial Officer and Victoria Rossellini, Executive Vice President, Production Finance and Business Affairs, and by Steven Mnuchin and Chip Seelig of Dune Capital Partners II LP, the managing member of Dune Entertainment III LLC.
Under the terms of the pact, Dune Entertainment III LLC has committed to invest more than $500 million in a slate of Fox films over the next three years. The deal continues a successful relationship between Fox and Dune and provides increased financial flexibility for Foxâ€™s production and release slate, with Fox retaining all of its distribution rights worldwide.
â€œDuneâ€™s long term commitment is a credit to the ongoing strength and consistency of Foxâ€™s record, and we are very pleased to continue our successful collaboration with Dune Entertainment,â€ said Rossellini.
Steven Mnuchin and Chip Seelig noted, â€œWe are very pleased to renew our strategic relationship with Fox. We remain strong believers in Foxâ€™s exceptional track record of producing quality entertainment content and look forward to building on our long term relationship.â€
Fox Filmed Entertainment produces, acquires and distributes motion pictures throughout the world. These motion pictures are produced or acquired by the following units of FFE: Twentieth Century Fox, Fox 2000, Fox Searchlight Pictures, Fox Atomic and Twentieth Century Fox Animation.