You will be redirected back to your article in seconds

Vantage, Morgan Stanley unite

$150 million deal will cover 15 movies

Paramount Vantage and Morgan Stanley have announced the creation of Marathon Funding, a $150 million fund that will invest in at least 15 films.

Under the terms of the slate deal, Vantage and Morgan Stanley will be co-financing partners. Pact is retroactive; fund covered part of the financing for Golden Globe winner “Babel.”

Fund will finance all 10 films on Vantage’s 2007 slate, including Michael Winterbottom’s Angelina Jolie starrer “A Mighty Heart,” Sean Penn’s directorial effort “Into the Wild” and Paul Thomas Anderson’s “There Will Be Blood.”

Deal marks the first time a studio specialty arm has inked a slate financing deal; every major studio has previously done so.

Indie studio Lionsgate is in the midst of wrapping a $210 million slate financing deal led by Goldman Sachs.

Vantage, refashioned over the past year under John Lesher and his team — the newest member being co-prexy Nick Meyer, former president of Lionsgate Intl. — has been especially aggressive in pic production. If a movie goes over Vantage’s $15 million budget cap, the unit will seek outside financing.

Marathon fund would allow Vantage to go above the cap, in addition to co-financing pics costing less than $15 million.

Earlier this month, Paramount chairman-CEO Brad Grey announced a restructuring of the studio that has each of its four labels — Par proper, Vantage, DreamWorks and MTV Films/Nick Movies — feeding the pipeline. Vantage will be the biggest provider.

“We are excited to have a partner who is coming in at the beginning of the adventure of Paramount Vantage and will help us as we grow our business and extend our brand on a global level,” Lesher and Meyer said.

Morgan Stanley exec director Christine Lavelle said Marathon will allow Vantage to “expand its franchise and continue to produce quality, award-winning films such as ‘Babel.'”

Popular on Variety

More Film

  • Jon Voight'Maleficent: Mistress of Evil' film

    President Trump to Award Jon Voight the National Medal of Arts

    President Trump will present actor Jon Voight, musician Allison Krauss, and mystery writer James Patterson with the national medal of arts. Voight is one of few in Hollywood who has been vocal about his support of President Trump in the past, calling him “the greatest president of this century.” The White House announced four recipients [...]

  • Zack Snyder arrives at the 2018

    'Justice League': Gal Gadot, Ben Affleck, Zack Snyder Support Release of 'Snyder Cut'

    Zack Snyder, Gal Gadot, and Ben Affleck have taken to social media to request that Warner Bros. release the Snyder cut of “Justice League.” Snyder, who helmed “Man of Steel” and “Batman v Superman” and was “Justice League’s” original director, had to leave production on the film partway through after his daughter died, with Joss [...]

  • Whose Side Is 'Marriage Story' On?

    Whose Side Is 'Marriage Story' On? (Column)

    Do we choose sides when we watch “Marriage Story,” Noah Baumbach’s brilliant and wrenching drama of divorce? The question, on the face of it, sounds facile in a dozen ways the movie isn’t. Rarely are there winners in divorce, and there are two sides to every breakup. “Marriage Story” is a movie that reflects that [...]

  • The Letter

    IDFA: Kenyan Documentary ‘The Letter’ Debuts Trailer (EXCLUSIVE)

    Variety has been given access to the trailer for Kenyan documentary “The Letter,” by producer-director duo Christopher King and Maia Lekow, which world premieres Nov. 23 at IDFA. The film follows a young man who travels to his grandmother’s rural home when he learns she’s been accused of witchcraft. He soon discovers that the threatening letter she [...]

  • Warner Bros. Box Office

    With 'Good Liar' and 'Doctor Sleep,' Warner Bros.' Box Office Misfortunes Mount

    When Warner Bros. was crafting its 2019 slate, the studio took pains to offer more than just superhero movies. To be sure, there were lots of masked vigilantes too, but more than any of its big studio brethren, Warner Bros. was willing to take a risk on the kinds of thrillers, adult dramas, coming-of-age stories, [...]

  • Constance Wu

    Will Constance Wu Ever Watch 'Hustlers'?

    Despite her leading role, Constance Wu has never seen “Hustlers” and, spoiler alert, it’s very unlikely that she will. Wu explained why she doesn’t want to watch the film to Mindy Kaling (“Late Night”) during a conversation for “Variety Studio: Actors on Actors.” “This is crazy,” Kaling said in the beginning of the interview. “I [...]

  • Ford v Ferrari

    'Ford v Ferrari' Outmatches 'Charlie's Angels' at International Box Office

    Disney and 20th Century Fox’s “Ford v Ferrari” sped ahead of fellow new release, Sony’s “Charlie’s Angels,” at the international box office. Director James Mangold’s racing drama collected $21.4 million from 41 foreign markets, representing 67% of its overseas rollout. “Ford v Ferrari” also kicked off with $31 million in North America, bringing its global [...]

More From Our Brands

Access exclusive content