Company likely to sign deal with New Regency
After an eight-year run at Paramount, Brad Pitt’s Plan B has signed a three year deal with New Regency and RatPac Entertainment. Under the agreement, New Regency and Brett Ratner’s RatPac will finance future films from Plan B, and RatPac will have the opportunity to co-finance the multiple projects from Pitt’s production company currently in development at New Regency.
“Our company is built on working with the best talent in the business,” said Brad Weston, President and CEO, New Regency.
“Plan B has become a consistent supplier of top-tier material and talent,” said James Packer and Brett Ratner, founders of RatPac Entertainment. “As a new company, for us to be able to partner withArnon and his team at New Regency on this deal, it gives us a great jump-start for what we are trying to accomplish.
The news is interesting, since Paramount and Pitt have just tapped Juan Antonio Bayona to helm the sequel to “World War Z.”
Plan B and Paramount had gone through some rough times in the last year after a problematic shoot on “World War Z,” but those problems seemed to fade once “World War Z” grossed more than $540 million at the worldwide box office.
A report also surfaced in October that Paramount execs believed they were not given an opportunity to consider Plan B’s “12 Years a Slave” before it landed with New Regency and Fox Searchlight.
Paramount Vantage did distribute “A Mighty Heart” and “Year of the Dog,” but after the specialty label was dissolved, the only Plan B film Paramount distributed was “World War Z.”
One insider who works with both Plan B and New Regency said the move has less to do with problems between Plan B and Paramount and more to do with Plan B fitting in better with a company such as New Regency.
“There are very few partners in this business who are able to balance artistic integrity with commercial viability,” Pitt’s company said in a statement. “Working hand in hand with New Regency and RatPac, we feel we have found the perfect fit.”
Besides “World War Z,” no other Plan B titles were close to going into production at Paramount, even though Pitt’s company is still active in developing projects.
The company, co-founded by Dede Gardner, has always been attracted to book adaptations like “12 Years a Slave” and its next production “True Story,” starring Jonah Hill and James Franco, is being co-produced by New Regency with Fox distributing.
The Hollywood Reporter broke the news.