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Old July 15 2008, 01:23 AM   #1
TrekToday
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Paramount Financial Funding Plan Falls Through

A deal in progress with Deutsche Bank on financing that was to provide funds for up to thirty movies, including Star Trek XI and the sequel to Transformers, has been scuttled.

As reported by FT.com, financial times are tough all over and Hollywood is no exception. A plan to bring in $450 million to finance forthcoming films has fallen through because Deutsch Bank, who was to provide the funds, has decided to close its film finance unit, electing to concentrate on other areas.

The Deutsch deal would have given the syndicate assembled by the bank a twenty-five percent stake in each of the thirty films to be financed.

It is still possible, though unlikely, that another bank could step in to complete the deal. Paramount may be forced to obtain funding from Viacom, who owns the studio, but this would expose the company to greater financial risk if the films in question don't do as well as expected.

The films affected by the deal, including Star Trek XI are still likely to be released as scheduled.

To read more, head to the article located here. Thanks to Dragonheart for the tip!

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Old July 15 2008, 01:27 AM   #2
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Re: Paramount Financial Funding Plan Falls Through

The sky is falling!!!!
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Old July 15 2008, 02:36 AM   #3
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Re: Paramount Financial Funding Plan Falls Through

Augustus wrote: View Post
The sky is falling!!!!
"For the world is hollow, and I have touched the - " *THUD!*

"D'oh!"
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Old July 15 2008, 03:30 AM   #4
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Re: Paramount Financial Funding Plan Falls Through

http://www.deadlinehollywooddaily.co...ancing-crisis/

Paramount Financing Loss: Crisis Or Not?

...........

All of the above may explain why there's uncertainty in the financial markets even beyond the current credit crunch about Paramount riht now. But none of that takes into account the real likelihood that, in addition to Transformers, the studio can restart the Star Trek franchise under J.J. Abrams as well as begin a new franchise with G.I. Joe.
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Old July 15 2008, 04:31 AM   #5
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Re: Paramount Financial Funding Plan Falls Through

They can still finish *making* the films, I take it?
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Old July 15 2008, 05:44 AM   #6
pookha
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Re: Paramount Financial Funding Plan Falls Through

it is also being discussed in the trex xI forum here

it also seems they already have funding in place for trek XI
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Old July 15 2008, 01:48 PM   #7
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Re: Paramount Financial Funding Plan Falls Through

Well that's just peachy.
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Old July 15 2008, 02:37 PM   #8
T'Cal
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Re: Paramount Financial Funding Plan Falls Through

How does this affect....me?
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Old July 15 2008, 04:53 PM   #9
T J
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Re: Paramount Financial Funding Plan Falls Through

It made you stop and read this mostly pointless thread...
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