You will be redirected back to your article in seconds

Milchan buys back Regency stake

Fox enjoys steady pipeline of films from partner

What’s a few million between billionaires?

For Regency Enterprises’ Arnon Milchan, it means buying back a 25% stake in his company from Aussie media magnate James Packer. Milchan already owned a 55% share in the company that has spawned such films as “Mr. & Mrs. Smith.” 20th Century Fox owns the remaining 20%, which it purchased in 1998 for $200 million.

Packer’s father, the late Kerry Packer, bought into Regency in 1994 through his Nine Network Australia. Since then, the financing and production company has brought a wide spectrum of titles to the bigscreen, from the Oscar contender “L.A. Confidential” to lowbrow fare like “Freddy Got Fingered.”

The move reflects Milchan’s growing commitment to the film business — a development at odds with reports that the mogul’s interest in the movie business was waning.

That’s good news for Fox, which enjoys a steady pipeline of pics from its on-the-lot partner.

Regency currently has 10 pics in various stages of production.

More Film

  • Guillermo del Toro To Open Cinema

    Guillermo del Toro to Open Cinema Named after Him at Guadalajara Fest (EXCLUSIVE)

    What’s a few million between billionaires? For Regency Enterprises’ Arnon Milchan, it means buying back a 25% stake in his company from Aussie media magnate James Packer. Milchan already owned a 55% share in the company that has spawned such films as “Mr. & Mrs. Smith.” 20th Century Fox owns the remaining 20%, which it […]

  • 'Lemonade' Review: A Quietly Seething Romanian

    Berlin Film Review: 'Lemonade'

    What’s a few million between billionaires? For Regency Enterprises’ Arnon Milchan, it means buying back a 25% stake in his company from Aussie media magnate James Packer. Milchan already owned a 55% share in the company that has spawned such films as “Mr. & Mrs. Smith.” 20th Century Fox owns the remaining 20%, which it […]

  • Cinema Audio Society 2018 Winners: 'Dunkirk,'

    'Dunkirk,' 'Game of Thrones' Win Cinema Audio Society Awards for Sound Mixing

    What’s a few million between billionaires? For Regency Enterprises’ Arnon Milchan, it means buying back a 25% stake in his company from Aussie media magnate James Packer. Milchan already owned a 55% share in the company that has spawned such films as “Mr. & Mrs. Smith.” 20th Century Fox owns the remaining 20%, which it […]

  • Kazuhiro Tsuji Darkest Hour Makeup artist

    'Darkest Hour,' 'American Horror Story' Lead Make-up and Hair Stylists Guild Winners

    What’s a few million between billionaires? For Regency Enterprises’ Arnon Milchan, it means buying back a 25% stake in his company from Aussie media magnate James Packer. Milchan already owned a 55% share in the company that has spawned such films as “Mr. & Mrs. Smith.” 20th Century Fox owns the remaining 20%, which it […]

  • Isle of Dogs

    The 10 Best Films of the 2018 Berlin Film Festival

    What’s a few million between billionaires? For Regency Enterprises’ Arnon Milchan, it means buying back a 25% stake in his company from Aussie media magnate James Packer. Milchan already owned a 55% share in the company that has spawned such films as “Mr. & Mrs. Smith.” 20th Century Fox owns the remaining 20%, which it […]

  • Indian Actress Sridevi Kapoor Arrives For

    Legendary Bollywood Actress Sridevi Dies at 54

    What’s a few million between billionaires? For Regency Enterprises’ Arnon Milchan, it means buying back a 25% stake in his company from Aussie media magnate James Packer. Milchan already owned a 55% share in the company that has spawned such films as “Mr. & Mrs. Smith.” 20th Century Fox owns the remaining 20%, which it […]

  • NMHC Impact Awards

    Aubrey Plaza, NHMC President Call Out Under-Representation of Latinos at Impact Awards

    What’s a few million between billionaires? For Regency Enterprises’ Arnon Milchan, it means buying back a 25% stake in his company from Aussie media magnate James Packer. Milchan already owned a 55% share in the company that has spawned such films as “Mr. & Mrs. Smith.” 20th Century Fox owns the remaining 20%, which it […]

More From Our Brands

Access exclusive content