Brad Pitt’s Plan B Entertainment snaps ties with Paramount Pictures
Updated : May 01, 2014 09:06 AM IST
The eight-year-old relationship between Paramount Pictures and Brad Pitt’s production company Plan B Entertainment is over. The latter has signed a new agreement with New Regency and RatPac Entertainment for next three years.
As the agreement goes, New Regency and Brett Ratner’s RatPac will be the financer for the future films of Plan B and RatPac will also be able to co-finance the production company’s multiple projects which are currently in development at New Regency. Brad Weston, President and CEO of New Regency, said, “Our company is built on working with the best talent in the business.” JamesPacker andBrett Ratner, founders of RatPacEntertainment, also stated, “Plan B has become a consistent supplierof top-tier material and talent.” “As a new company, for us to be able to partner with Arnonand his team at New Regency on this deal,it givesus a great jump-start for what we are trying to accomplish,” they added.
The latest development generates more interest as Paramount and Pitt just roped in Juan Antonio Bayona as the director of World War Z’s sequel. Last year Paramount and Plan B have gone through some tough times after the complications during World War Z shoot but those differences seemed to be sorted out as World War Z grossed more than $540 million at the international box office. In October reports were doing rounds that Paramount executives felt they were not given a chance to plan something for Plan B’s 12 Years a Slave and the project eventually went to New Regency and Fox Searchlight afterwards. An insider clarified that the end of the relationship between Paramount and Plan B has a little to do with their differences, rather Plan B found New Regency as a more suitable partner for them. Pitt’s company issued a statement saying, “There are very few partners in this business who are able to balance artistic integrity with commercial viability.” “Working hand in hand with New Regency andRatPac, we feel we have found the perfect fit,” the statement added.