Paramount Financial Funding Plan Falls Through

TrekToday · July 15 2008, 01:23 AM

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!

Augustus · July 15 2008, 01:27 AM

The sky is falling!!!!

Admiral Buzzkill · July 15 2008, 02:36 AM

Augustus wrote:

The sky is falling!!!!

"For the world is hollow, and I have touched the - " *THUD!*

"D'oh!"

Dragonheart · July 15 2008, 03:30 AM

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.

Mr. Laser Beam · July 15 2008, 04:31 AM

They can still finish *making* the films, I take it?

pookha · July 15 2008, 05:44 AM

it is also being discussed in the trex xI forum here

it also seems they already have funding in place for trek XI

Pioneer · July 15 2008, 01:48 PM

Well that's just peachy.

T'Cal · July 15 2008, 02:37 PM

How does this affect....me?

T J · July 15 2008, 04:53 PM

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

July 15 2008, 01:23 AM	#1
TrekToday Rear Admiral	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!

July 15 2008, 01:27 AM	#2
Augustus Fleet Captain Location: Sadly, not in Texas	Re: Paramount Financial Funding Plan Falls Through The sky is falling!!!! __________________ I don't know... I didn't go.

July 15 2008, 04:31 AM	#5
Mr. Laser Beam Fleet Admiral Location: The visitor's bullpen	Re: Paramount Financial Funding Plan Falls Through They can still finish making the films, I take it? __________________ It is by caffeine alone I set my mind in motion. It is by the beans of Java that thoughts acquire speed, the hands acquire shakes, the shakes become a warning. It is by caffeine alone I set my mind in motion.

July 15 2008, 05:44 AM	#6
pookha Admiral Location: pookha	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 __________________ avatar by ?

July 15 2008, 01:48 PM	#7
Pioneer Captain	Re: Paramount Financial Funding Plan Falls Through Well that's just peachy. __________________ Looking to build Element #137 (Feynmanium)

STAR TREK

CSI

ABOUT US

July 15 2008, 02:37 PM	#8
T'Cal Commodore Location: Chicago	Re: Paramount Financial Funding Plan Falls Through How does this affect....me? __________________ "With the first link, the chain is forged. The first speech censored, the first thought forbidden, the first freedom denied, chains us all irrevocably." -- Judge Aaron Satie

July 15 2008, 04:53 PM	#9
T J Commodore Location: milky way... there abouts	Re: Paramount Financial Funding Plan Falls Through It made you stop and read this mostly pointless thread... __________________ One of the great revelations of space exploration is the image of the earth, finite and lonely bearing the entire human species through the oceans of space and time. ~ Carl Sagan (1934-1996)